Peter Gorman has joined IndexIQ as senior vice president and senior relationship manager with a mandate of driving key account relationships. Gorman reports to Anthony Davidow, executive vice president and head of distribution.
Gorman's post is newly created, a company spokesperson told The MFWire.
Previously, Gorman was a director at Hatteras Funds.
Rye, New York-based IndexIQ's product roster includes the first open-end, no-load hedge fund replication mutual fund, the IQ Alpha Hedge Strategy Fund, and the IQ Hedge Macro Tracker ETF, IQ CPI Inflation Hedged ETF, IQ ARB Global Resources ETF and IQ ARB Merger Arbitrage ETF.
Gorman earlier worked at Robeco Investment Management and Simms Capital Management. He started his Wall Street career in 1986 at Donaldson Lufkin & Jenrette.
Company Press Release
RYE BROOK, New York, (January 11, 2010)—IndexIQ, a leading developer of index-based
alternative investment solutions, has named Peter M. Gorman Senior Vice President and Senior
Relationship Manager, it was announced today.
At IndexIQ, Gorman will be responsible for driving key account relationships. He joins
the company from Hatteras Funds, an alternative investment firm where he served as Director
and was responsible for overseeing strategic relationships with a broad range of clients including
banks, wealth management firms, platform providers, consultants and registered investment
advisors (RIAs).
"Peter has built an outstanding record helping alternative asset managers attract new
assets and manage client relationships," said Adam Patti, chief executive officer at IndexIQ.
"We view his decision to join us as a further endorsement of what we are doing at IndexIQ –
providing innovative, transparent, low-cost, index-based alternative investment solutions to the
marketplace. We look forward to his contributions as we continue to bring our message to
investors and financial advisors."
"Peter has strong connectivity across the wirehouse, RIA, family office and institutional
markets," said Anthony Davidow, Executive Vice President and Head of Distribution. "Peter
will be instrumental in developing and maintaining national relationships."
Gorman brings more than 20 years of financial industry experience to IndexIQ having
begun his Wall Street career in 1986 at Donaldson Lufkin & Jenrette in New York. He
subsequently has held senior sales and marketing positions at a number of leading asset
management firms, including Simms Capital Management in Greenwich, Connecticut, and New
York City-based Robeco Investment Management.
Gorman holds a Bachelor of Arts from Hobart and William Smith Colleges, and an MBA
from Babson College. He is a present or past member of the Investment Management
Consultants Association (IMCA), the Money Management Institute (MMI), the Government
Finance Officers Association, and the Family Office Exchange.
IndexIQ is the sponsor of a number of index-based alternative investment products
designed to “democratize” the alternative investment landscape, including:
• the first U.S.-listed hedge fund replication ETF, the IQ Hedge Multi-Strategy
Tracker ETF (NYSE Arca: QAI);
• the first market directional hedge fund replication ETF, the IQ Hedge Macro
Tracker ETF (NYSE: MCRO);
• the first U.S.-listed “real return” ETF which seeks to give investors a hedge against
the U.S. inflation rate by providing a return above the rate of inflation as measured by
changes in the Consumer Price Index, the IQ CPI Inflation Hedged ETF (NYSE
Arca: CPI); the Consumer Price Index is published by the Bureau of Labor Statistics
and is a measure of the average change in prices over time of goods and services
purchased by households;
• the first global resources hedged ETF, which seeks to solve the problems associated
with the significant overweight in the energy sector inherent in other broad-based
commodity products, the IQ ARB Global Resources ETF (NYSE Arca: GRES);
• the first merger arbitrage ETF, the IQ ARB Merger Arbitrage ETF (NYSE Arca:
MNA); and
• the first open-end, no-load hedge fund replication mutual fund, the IQ ALPHA
Hedge Strategy Fund (IQHIX – Institutional Share Class, and IQHOX –
Investor Share Class).
IndexIQ products are designed to be liquid, transparent, low cost, and accessible to a broad range
of investors.* CPI, MNA and GRES should be considered a speculative investment entailing a
high degree of risk and are not suitable for all investors. An investment in the ETFs does not
represent a complete investment program.
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