An ETF Player Receives a Minority Investment from Rocaton
Reported by Armie Margaret Lee
Rocaton Investment Advisors, an investment consulting firm to institutional investors, has made a minority investment in IndexIQ. Financial terms of the deal were not made public.
Officials from the two firms yesterday unveiled plans to "collaborate to develop and launch cutting-edge institutional quality investment solutions and make them broadly available."
IndexIQ, based out of Rye Brook, New York, offers nine exchange-traded funds, including three hedge-fund replication ETFs. Its product line also includes a hedge-fund replication mutual fund, the IQ Alpha Hedge Strategy Fund.
Company Press Release
INDEXIQ PARTNERS WITH ROCATON INVESTMENT ADVISORS
Agreement joins innovator in hedge fund replication and index-based
alternative investments with leading institutional consulting firm
RYE BROOK, NY (November 18, 2010) – IndexIQ, a leading developer of innovative indexbased
alternative investments, has partnered with Rocaton Investment Advisors, LLC, a leading
independent investment consultant to institutional investors. The firms plan to collaborate to
develop and launch cutting-edge institutional quality investment solutions and make them
broadly available.
"We are excited to partner with Rocaton to build upon their years of experience
consulting to some of the largest pension and other retirement plans in the U.S., as well as their world-class reputation in this arena," said Adam S. Patti, IndexIQ's Chief Executive Officer.
"With its outstanding reputation and years of experience, Rocaton is a powerful partner for
IndexIQ as we continue to expand our family of alternative investment products, and as we
continue to build out our global distribution platform."
"With its Exchange-Traded Funds (ETFs), mutual fund, and managed account solutions,
IndexIQ is an established market leader in index-based alternative investing," said Robin Pellish,
CEO of Rocaton. "We look forward to working with their team to leverage our experience in the
institutional and high net worth marketplaces."
As part of the relationship, the members of Rocaton have made a minority investment in
IndexIQ.
IndexIQ is the sponsor of a number of index-based alternative investment products designed to
"democratize" the alternative investment landscape, including:
IQ Alpha Hedge Strategy Fund (IQHIX – Institutional Share Class; IQHOX –
Investor Share Class), the first open-end, no-load hedge fund replication mutual
fund;
IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the first US-listed
hedge fund replication Exchange-Traded Fund;
IQ Global Resources ETF (NYSE Arca: GRES), the first hedged global natural
resources ETF;
IQ Merger Arbitrage ETF (NYSE Arca: MNA), the first merger arbitrage ETF;
IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO), the first Global
Macro/Emerging Markets hedge fund replication ETF;
IQ Real Return ETF (NYSE Arca: CPI), the first US-listed “real return” ETF,
which seeks to generate a real return above the rate of inflation as measured by
changes in the Consumer Price Index;
IQ Canada Small Cap ETF (NYSE Arca: CNDA), the first Canada small cap ETF;
IQ Australia Small Cap ETF (NYSE Arca: KROO), the first Australia small cap
ETF;
IQ South Korea Small Cap ETF (NYSE Arca: SKOR), the first South Korea small
cap ETF;
IQ Taiwan Small Cap ETF (NYSE Arca: TWON), the first Taiwan small cap ETF.
IndexIQ products are designed to be liquid, transparent, low cost, and accessible to a
broad range of investors.* In developing its suite of products, IndexIQ works closely with its
Academic Board, comprised of some of the leading thinkers and researchers in portfolio
construction, finance and alternative investments. The Academic Board is led by Professor
Robert Whitelaw, Chairman of the Finance Department at NYU’s Stern School of Business and
Chief Investment Strategist at IndexIQ, and also includes Donald Chance of LSU, Ludwig
Chincarini of Pomona College, and Hany Shawky of the Center for Institutional Investment
Management at the School of Business at the University of Albany.
About IndexIQ
Based in Rye Brook, New York, IndexIQ is a leading developer of index-based alternative
investment solutions that combine the benefits of traditional index investing with the riskadjusted
return potential sought by the best active managers. The company’s philosophy is to
democratize investment management by making innovative alternative investment strategies
available to investors in low cost, liquid and transparent products. IndexIQ strategies are
marketed through the company’s proprietary investment products and select partnerships with
leading global financial institutions. Additional information about the company and its products
can be found at www.IndexIQ.com.
About Rocaton
Based in Norwalk, Connecticut, Rocaton Investment Advisors provides investment advice to
some of the nation’s largest and most sophisticated institutional investors. With more than $270
billion in assets under advisement, Rocaton provides advice on both taxable and tax-exempt
portfolios and for both traditional and alternative asset classes in the areas of asset allocation,
portfolio construction, and investment manager due diligence. Additional information about the
company and its services can be found at www.rocaton.com.
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