MacKay Shields adds Pareto Partners to high-yield team

Pittsburgh, July 30 - MacKay Shields said the high-yield/global high-yield team at Pareto Partners will join MacKay Shields, according to a company news release.

The Pareto Partners team is headed by Dan Roberts, who will join MacKay Shields as a senior managing director, with Michael Kimble, Taylor Wageseil and Louis Cohen serving as directors in the firm.

"These are experienced high-yield professionals of proven distinction who will complement the outstanding MacKay Shields high-yield team headed by Don Morgan," MacKay Shields' chairman and chief executive officer Ravi Akhoury said in the release.

Pareto Partners will work with MacKay Shields to transition clients that are currently managed by Roberts and his team, the release said. All clients of MacKay Shields who are currently managed and serviced by Morgan will continue to be managed by his team.

MacKay Shields, a subsidiary of New York Life Investment Management LLC, manages $36 billion in assets, including more than $15 billion in high-yield assets, for pension funds and other institutional investors in the United States and overseas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.