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Two Companies Focus On Energy Mutual Funds

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April 9, 2014

On April 7, two companies formed a partnership focused on domestic energy mutual funds. MainStay Investments, the mutual fund distributor for New York Life Insurance Co., formed a subadvisory relationship with Cushing Asset Management LP, a Swank Capital LLC subsidiary, New York Life said that day. MainStay Investments adopted three existing open-end mutual funds managed by Cushing, New York Life added, noting that the funds have about $1.6 billion in assets.

Jerry Swank, Cushing’s founder, said “Our team is very excited about the opportunities presented by this new relationship with ...

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