MacKay Shields offers various fixed income strategies through separately managed accounts and collective investment vehicles. Investment teams independently manage strategies, with some sharing research and trading resources. Clients can adopt bespoke investment guidelines. MacKay Shields may manage non-discretionary accounts, but clients are advised that they generally will not achieve the same results as discretionary accounts.
MacKay Shields' fees are based on a percentage of the value of the assets in the client’s account. The fees generally range from 0.030% to 1.500% annually of assets under management, depending on the strategy and the type of account. Fees are negotiable and may be waived, rebated, or reduced.