Authors > Salvatore J. Bruno

Salvatore J. Bruno

Chief Investment Officer and Managing Director | IndexIQ

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 at DeAM, Sal was a Director and Portfolio Manager for a U.S. large cap core equity mutual fund. 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 Bachelor of Science degree in Applied Economics and Business Management from Cornell University and a Master of Business Administration degree in Finance and Economics from New York University’s Leonard N. Stern School of Business. He is a member of the NYSSA and the CFA Institute. Sal also teaches Portfolio Construction at Fordham University. He holds the Series 7 and Series 63 licenses.

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