New York Life Insurance Co. has added seven funds to its MainStay Funds family, bringing the total to 33 retail and institutional funds.

For the first time MainStay is using unaffiliated portfolio managers as subadvisers. They are Gabelli Asset Management Co., which will run the Blue Chip Growth fund; John A. Levin & Co., for the Research Value Fund; and Dalton, Greiner, Hartman, Maher & Co. for the Small Cap Value Fund.

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