IndexIQ's management team is comprised of seasoned executives with a long track record of success in developing and distributing innovative investment solutions designed to serve the needs of investors. The team is focused on advancing IndexIQ's core missions:
- Providing all investors with access to innovative alternative investment solutions in liquid, transparent, low cost, and tax efficient products.
- Addressing the shortcomings of traditional index-based investing through our Rules-Based AlphaTM approach, which combines the benefits of traditional index investing with the risk-adjusted return potential sought by active managers.
Adam S. Patti
Adam S. Patti
Chief Executive Officer
Adam is Chief Executive Officer and Founder of IndexIQ. Prior to founding IndexIQ, he led Fortune Indexes, a pioneer in the Exchange-Traded Fund (ETF) industry, having launched two ETFs back in 2000 in partnership with State Street Global Advisors. Fortune's flagship product was the Fortune 500 Index, the first fundamentally derived broad-based index strategy. Under Adam’s leadership, the Fortune Indexes business unit of Time Inc. grew to become a leading indexing operation and important participant in what was then the early days of a burgeoning ETF industry.
During his tenure at Time Inc., Adam was Associate Publisher of the Time Inc. Business & Finance Network, which includes the Fortune and Money magazine properties, as well as the CNNMoney.com financial information portal. Prior to this role, Adam was Executive Director, Marketing Strategy & Brand Development for Fortune Magazine, and Group Director of New Business Ventures for the Fortune/Money Group.
Adam previously was President and Founder of ThreadeXchange, a venture backed supply-chain software company that built global procurement solutions for apparel and textile industries. ThreadeXchange developed a global factory network covering 52 countries with over $10 billion in production capacity, along with a sophisticated production optimization engine matching retailers with those factories. Prior to ThreadeXchange, Adam was President and Founder of Force Industries Communications, a systems integration and process reengineering consultancy, as well as Founder and President of Target Market, a marketing firm that created advertising vehicles for local businesses targeting college campuses.
Adam also served as Director of BlueCar Partners, a merchant bank focused on M&A, restructurings, and strategic control investments; an investment banker at Salomon Smith Barney; and a credit trained executive at Bank of America.
Adam holds an MBA from the Kellogg School of Management with a triple major in Finance, Marketing, and Entrepreneurship & Innovation, and a BS in Finance from University at Albany.
David L. Fogel
David is President and Founder of IndexIQ. Prior to founding IndexIQ, David was a two-time successful entrepreneur in the financial services industry. In his first venture in 1999, he co-founded SmartPortfolio.com, Inc., which became one of the leading stock research and financial information companies on the Web with over 250,000 subscribers prior to its sale to TheStreet.com in 2000. After the closing of the SmartPortfolio sale, David joined TheStreet.com as Vice President & Head of New Product Development, where he had P&L responsibility for the division and was responsible for the launch of numerous profitable products.
David began his career as a corporate attorney at Sullivan & Cromwell LLP, where he advised clients on merger and acquisition transactions, corporate securities matters, banking transactions, and hedge fund creation.
He received a BS, Summa Cum Laude and Phi Beta Kappa, a JD, Magna Cum Laude and Order of the Coif, and an MBA (concentration in finance) from Georgetown University.
Kevin D. DiSano, CIMA, CPWA
Executive Vice President and Chief Portfolio Strategist
Kevin is Executive Vice President and Chief Portfolio Strategist of IndexIQ. Prior to joining IndexIQ, Kevin was a Senior Vice President in the Capital Advisory Group at Lazard Asset Management, where he specialized in working with Family and Multi-Family offices, as well as Endowments and Foundations.
Prior to joining Lazard in 2005, Kevin was Vice President of Intermediary Sales for Man Investments, Inc., specializing in Alternative Investments. Kevin also served as Vice President for Business Development and Client Service at Roxbury Capital Management, LLC. Kevin began his career with the American Express Financial Advisors in Minneapolis, Minnesota in 1992.
Kevin has a BS in Speech Communication, Psychology, and Business Industry Education from the University of Minnesota. He has also achieved the Certified Investment Management Analyst and Certified Private Wealth Advisor designations from the Investment Management Consultants Association in conjunction with the Wharton School of Management at the University of Pennsylvania and the University of Chicago, respectively.
Salvatore J. Bruno
Chief Investment Officer and EVP
Sal is Chief Investment Officer at IndexIQ, where his primary responsibility includes developing and maintaining the firm's investment strategies. Sal joined IndexIQ in 2007 from Deutsche Asset Management (DeAM) where he held a number of senior positions. Most recently, Sal was a Director and Portfolio Manager for a US large cap core equity mutual fund with approximately $6bn in assets under management. The fund's strategy combined traditional fundamental equity research with a multi-factor quantitative model in a disciplined, risk managed process.
Prior to becoming Portfolio Manager, Sal was the Head of Advanced Quantitative Research at DeAM. Sal directed the quantitative research effort to support numerous products including quantitative equity strategies, global asset allocation, passive risk-based alternative beta portfolios, and probabilistic efficient frontiers. He also co-developed the strategy to combine fundamental and quantitative research into a single portfolio. This strategy became widely used to manage several equity strategies within DeAM including the mutual fund for which Sal would subsequently become a portfolio manager.
Sal earned a BS in Applied Economics & Business Management from Cornell University and an MBA degree in Finance and Economics from New York University Leonard N. Stern School of Business. He is a member of the NYSSA and the CFA Institute. He also holds the Series 7 and Series 63 licenses.
Robert F. Whitelaw, PhD
Chief Investment Strategist
Robert is Chief Investment Strategist at IndexIQ. Professor Robert F. Whitelaw is Professor of Finance and Chairman of the Finance Department at the Leonard N. Stern School of Business, New York University. He has a PhD in finance from Stanford University, Graduate School of Business, and a BS in mathematics from MIT. Professor Whitelaw teaches corporate and managerial finance in the MBA and undergraduate programs. He also teaches fixed income securities, equity investments, derivatives, and risk management at the executive level and asset pricing at the doctoral level.
Professor Whitelaw's research interests include the relation between risk and return in the stock and bond markets, the pricing and hedging of fixed income derivative securities, risk measurement and management, and market efficiency. His papers have been published in academic journals such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies, as well as practitioner journals such as the Journal of Derivatives, the Journal of Fixed Income, and Risk. In addition, he is a Research Associate at the National Bureau of Economic Research (NBER), Program on Asset Pricing, and a past Associate Editor of the Review of Financial Studies and the Journal of Finance.
Professor Whitelaw's work experience includes two years spent in the Public Finance Department at Shearson Lehman, where he was involved in structuring tax-exempt bond financings. He also provides consulting services to corporations and financial institutions, specializing in pricing and hedging complex securities, risk management, and equity trading.