New York — New York Life Investment Management announced last week that its equity investors group will be renamed Madison Square Investors on Jan. 1. Russ Prince, the president of Prince & Associates Inc., a consulting firm in Redding, Conn., said that in the current climate, everybody could be available for the right price.

"Let's get serious, the money management business is shot to hell," he said. "They may not be on the market today, but that doesn't mean they couldn't be. People are pitching and looking all over the place. If the right numbers come along, they would do it."

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