Video: IndexIQ CEO Discusses Acquisition By MainStay Investments

Adam Patti of IndexIQ discusses his company’s recent acquisition by MainStay Investments, a subsidiary of New York Life, in this video from TheStreet.com. He characterizes the deal as a “win-win,” since IndexIQ is a leader in the liquid alts ETF space, and the strategies will now have the opportunity to be branded with a trusted name like New York Life and to take advantage of the capabilities of MainStay Investments.

Mr. Patti explains that IndexIQ got started in 2006 to “democratize alternative investments.” The firm’s IQ Hedge Multi-Strategy Tracker ETF (QAI) is considered “the S&P 500 of the hedge fund industry,” according to Mr. Patti.

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