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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.