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Mainstay Mackay Convertible Fund Investor Class (MCINX)

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18.00 -0.34    -1.85%
01:00:00 - Delayed Data. Currency in USD ( Disclaimer )
Type:  Fund
Market:  United States
Issuer:  MainStay
ISIN:  US56062X5260 
S/N:  56062X526
Asset Class:  Other
  • Morningstar Rating:
  • Total Assets: 45.21M
MainStay Convertible Inv 18.00 -0.34 -1.85%
Category

Convertibles

Total Assets

45.21M

Expenses

1.12%

Inception Date

39506

Investment Strategy

The investment seeks capital appreciation together with current income. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in "convertible securities" such as bonds, debentures, corporate notes, and preferred stocks or other securities that are convertible into common stock or the cash value of a stock or a basket or index of equity securities. The balance of the fund may be invested or held in non-convertible debt, equity securities that do not pay regular dividends, U.S. government securities, and cash or cash equivalents.

Contact Information

Address 51 Madison Avenue
New York,NY 10036
United States
Phone +1 212 9386500
Fax 212-938-8181
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Top Executives

Name Title Since Until
Edward Silverstein Senior Managing Director, Head of Convertible Division 2001 Now
Biography Edward joined MacKay Shields as a Research Analyst in 1998 and became Portfolio Manager/Research Analyst in 1999. Prior to joining MacKay Shields, he was most recently a Portfolio Manager for three years at the Bank of New York after having been a law clerk for two years at the Bank. In addition, he was an intern at the New York Stock Exchange Enforcement Division. Edward has a BS in Accounting from the University of Vermont, a MBA from the Baruch College and a JD from Brooklyn Law School. Ed became a CFA Charterholder in 1999 and is also a member of the New York State Bar. He has been in the investment management and research industry since 1995.
Edmund C. Spelman Senior Managing Director 1999 2008
Biography Ed is a Senior Managing Director and Head of the Growth Equity Division. Prior to joining MacKay Shields in 1991, Ed was a Vice President and Analyst for eight years at Oppenheimer & Co. and a research analyst for three years with Dow Jones. He has been in the investment management and research industry since 1980. Ed earned a BA and a MS from the University of Pennsylvania.
Thomas Wynn Portfolio Manager 1997 2004
Biography Rejoining MacKay Shields in 2015, Tom has returned to his role as a Convertible portfolio manager. With MacKay Shields from 1995 to 2004 in our Convertible area, Tom left us to pursue opportunities in the hedge fund community with AM Investment Partners. Most recently Tom was an Equity Long/Short portfolio manager with Centurion Capital and previously with Deutsche Bank. Tom has an MBA in Finance from New York University and BA in Economics from the University of Notre Dame. He is a CFA and has been in the investment management business since 1983.
Denis Laplaige - 1991 1999
Biography Laplaige serves as president, senior managing director and chief investment officer of MacKay-Shields, his employer since 1982. Previously with the company, he has been a managing director, a research analyst, and a portfolio manager. Prior to joining the firm, he spent four years with Value Line.
Neil Feinberg President, CIO 1992 1999
Biography Feinberg is president and chief investment officer of Orbitex Management. He joined the firm in December 2000. Previously, he founded Nebo Management in 1999 and was employed as a director and senior portfolio manager with MacKay-Shields, his employer since February 1992. Before this, he spent three years as an assistant vice president with National Securities and Research, and four years as a senior accountant with Peat Marwick, Main & Company. Feinberg holds the Certified Public Accountant desigantion.
Laura Granger Vice President, Portfolio Manager 1991 1992
Biography Granger is a vice president and portfolio manager with OppenheimerFunds, her employer since October 2000. Prior to joining the firm, she was a vice president and portfolio manager at Fortis Advisors from July 1998 to October 2000. Prior to Fortis, she managed Pension and Foundation accounts for General Motors Investment Management from July 1993 to July 1998. Granger holds the Chartered Financial Analyst designation.
Ronald J. Worobel Portfolio Manager 1990 1992
Biography Worobel joined Morgan Stanley Dean Witter Advisors in 1992 after spending a year as a fund manager with MacKay-Shields Financial Corporation. Previously, he also spent two years as a portfolio manager with Rothschild and seven years as a portfolio manager with Lehman Management. Worobel has also worked at the Bank of New York and Merrill Lynch.
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MCINX Comments

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Nick Brunetti Feb 06, 2019 12:26AM ET
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