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Friday, December 11, 2015|
An IndexIQ Bigwig Takes Over a Liquid Alts Effort
A $17-billion AUM alternative asset manager not yet in the mutual fund business just hired its first liquid alts chief.
MFWire could not immediately reach IndexIQ chief Adam Patti for comment on how Bassuk's duties are being handled.
Bassuk's move to Franklin Square comes half a year after New York Life (which offers the MainStay funds) bought IndexIQ.
"We are delighted Greg has joined Franklin Square to lead our liquid alts efforts, which we will pursue with the same focus on transparency and investor protection that has defined our firm's approach since our inception," states Michael Forman, chairman and CEO of Franklin Square.
"Liquid alternatives is a natural expansion of our firm's longtime focus on transparency, diversification and investor protection, and Greg will spearhead this initiative," Kelly tells MFWire in an e-mailed statement. "Currently we do not have any mutual funds. We are considering various vehicles for potential liquid alternative offerings."
An alumnus of Cornell and Georgetown, Bassuk previously worked at Time Warner, McGovern Capital, SmartPortfolio.com (now part of TheStreet), and as a corporate and securities attorney.
Printed from: MFWire.com/story.asp?s=53072
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