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NEW YORK, Feb. 8, 2021 /PRNewswire/ New York Life Investments today announced the launch of a new relationship with Wellington Management (Wellington), one of the world s largest independent investment management firms. The relationship is designed to enhance MainStay Funds equities lineup, with Wellington repositioning and assuming sub-advisory investment management responsibility for a suite of fundamental equity mutual funds and variable product portfolios. We are looking forward to engaging with Wellington to expand our equity capabilities with a number of fundamental strategies well-suited for the current market environment, said Kirk Lehneis, President of MainStay Funds and Chief Operating Officer of New York Life Investment Management. Wellington s legacy of sustained investment strength and excellence will position us well to continue offering our clients high-quality investment strategies that meet their portfolio needs.
that now they re talking about cutting back on hours because of the unknown cost of obamacare. how they ve been able to get along so far? as it turns out, this particular company got a waiver for the affordable care act in 2010 and that s how they were able to do it. now going forward, they don t know exactly how much there is going to be involved because it s so uncertain. uncertainty really is what is behind this next story as well. there s a guy who is a real estate mogul by the name of david siegle. he runs westgate. and look at this. he has sent a letter out to his employees that said, you know, if president obama is reelected, you might lose your job. gretchen: i think a lot of small businesses are facing a lot of these questions right now as they re looking at their expenditures and trying to figure out exactly how to make ends meet. one of the arguments that some of the business people has made is that s why hiring has not
been such a rapid pace. companies don t know the uncertainty of obamacare costs, the tax structure for themselves not only with their small business, but personally, and so many of them are going to have to make big changes and here is one of those guys, david siegle. with the new obamacare coming in and now the threat of higher taxes, it just means less money to expand our business. we re not going to fire anybody or lay off anybody as a result of who they vote for or who they lean towards. it s just i want them to know what the future holds for them and their families. steve: he says that if there are new taxes on him in the form of higher taxes on the successful, our company would have no choice but to reduce the size of our company. we would have to cut back. he doesn t say you got to vote for this guy or that guy.