# Mackay Shields LLC

Mackay Shields LLC is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1938
- **Assets under management:** Undisclosed
- **Website:** mackayshields.com
- **LinkedIn:** https://www.linkedin.com/company/mackay-shields

## Regulatory record

- **CRD number:** 107717
- **SEC file number:** 801-5594
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107717

## About

MACKAY SHIELDS LLC is an SEC-registered investment adviser in NEW YORK, NY, since 1969. The firm manages $159.5 billion in assets. It has 206 employees and 73 investment advisers.

## Sectors

- Fixed Income
- Investment Grade Credit
- High Yield
- Bank Loans
- Multi-Sector Bond
- Core Plus Bond

## Offices

- Philadelphia
- London

## People

- John A. Levin — Chairman Emeritus

## Questions

### How does Mackay Shields source proprietary deal flow?

Mackay Shields sources primary investment opportunities through direct relationships with corporate issuers, sell-side fixed-income desks, and its own credit research team. The firm does not rely on third-party deal-sourcing platforms; its analysts originate ideas through in-depth financial analysis and issuer meetings. This is typical for institutional fixed-income managers that build positions via primary market participation and secondary market purchases.

### What investment sectors does Mackay Shields explicitly avoid?

Mackay Shields focuses exclusively on fixed-income securities and does not pursue equity, venture capital, private equity, or alternative asset strategies. Within fixed income, the firm concentrates on corporate credit and does not emphasize government bond, agency mortgage-backed securities, or emerging market debt as core mandates. This specialization is deliberate, allowing deep sector expertise in investment-grade, high-yield, and bank loans.

### Does Mackay Shields participate in fund commitments or only separate accounts?

Mackay Shields offers both separately managed accounts and commingled investment vehicles, including mutual funds and institutional trusts. Institutional clients often use separate accounts to tailor duration, credit quality, and sector exposure to their specific needs. The firm's flexibility in vehicle structure is a selling point for allocators seeking customized fixed-income solutions.

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Last updated: 2026-06-03T20:00:00.000Z

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