New York Life Investment Management agreed to buy the municipal bond firm Mariner Municipal Managers for an undisclosed amount, the company said this week.

Based in Princeton, N.J., Mariner Municipal Managers was founded in 2007 by Robert DiMella and John Loffredo, who previously headed BlackRock’s municipal management business.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.