Cornerstone Capital Management Wins Hedgeweek Award

NEW YORK, March 22, 2016 – Cornerstone Capital Management (“Cornerstone”), a global institutional advisory firm, today announced that it was named “Best 130/30 Strategy Hedge Fund” for 2016 by Hedgeweek*. The award celebrates Cornerstone’s outstanding performance in the long-short equity fund strategy and underscores the team’s ability to navigate the complexities of the market to drive strong portfolio returns in 2015.

The Hedgeweek Awards 2016 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector in 2015. The shortlist of top performers was produced by Preqin, the alternative asset industry’s leading source of data and intelligence, and the final winners were voted on by Hedgeweek readers.

Cornerstone has also received two awards from Acquisition International**, including “Best Institutional Investment Manager, USA” and “Best Long-Only Fundamental Equity Strategy: Fundamental International Equity.” Cornerstone was recognized as part of the 2016 Global Excellence Awards for its performance and proven commitment to providing successful strategic equity solutions to institutional and retail investors.

“We are thrilled to have received this kind of positive recognition for our performance and investment management strategies,” said James Wylie, senior vice president, global head of distribution at Cornerstone Capital Management. 

About Cornerstone Capital Management

Cornerstone Capital Management is the marketing name for the asset management activities of Cornerstone Capital Management LLC and Cornerstone Capital Management Holdings LLC, registered investment advisers based in Minneapolis and New York. Cornerstone Capital Management is affiliated with the Investments Group of New York Life Insurance Company, a Fortune 100 company and one of the largest life insurers in the world*. Cornerstone managed $16.8 billion in assets as of December 31, 2015.

* Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/15/15. For methodology, please see http://fortune.com/fortune500/.

Hedgeweek Award Methodology:

Awards are based on a 'peer review system' whereby Hedgeweek’s readers - including institutional and high net worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodians and advisers - are invited to elect a 'best in class' in a series of categories via an online survey. For more information, visit http://www.hedgeweek.com/hedgeweek/awards/methodology

*The winners were announced at the Hedgeweek Global Awards ceremony in London on February 26th 2016.

Acquisition International Methodology:

Each and every nomination is subject to a lengthy and in-depth assessment process, designed to enable Acquisition International (AI) to separate the truly remarkable from industry peers. The process begins the second AI opens the ballot boxes, distributes the voting forms to their worldwide network of partners and industry experts and sees the votes received – alongside submitted supporting evidence, proprietary in-house research and the in-depth knowledge and expertise of AI’s network of corporate leaders and experts to arrive at the final winners list. This comprehensive selection and judging process ensures that AI’s awards are always a true representation of the market in question and that all of AI’s winners are truly at the cutting edge of their respective industries. For more information, visit http://www.acquisition-intl.com/awards.

**The winners were announced December 21st 2015.

Past performance is not a guarantee of future results, which will vary. There is no assurance that investment objectives will be met. The portfolio risk management process includes an effort to monitor and manage risk, but should not be confused with and does not imply low risk. As with all investments, there is the risk of loss.

Jacqueline Meere
New York Life Insurance Company
212-576-5301
646-468-0020
jacqueline_meere@newyorklife.com

Kevin Maher
New York Life Insurance Company
212-576-6955
732-859-4530
kevin_B_maher@newyorklife.com