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.

Read More

Risk versus Reward in MNA

by: ; IndexIQ
Not all risks are created equal; looking at merger arbitrage through a managed risk lens...

Election 2020: Portfolio positioning for November 4th and beyond

by: ; IndexIQ
In the remaining weeks before Election Day, former Vice President Biden...

August was anything but quiet

by: ; IndexIQ
In normal times, August offers a bit of a reprieve. But as has all too often been the case in 2020, little has gone according to plan...

The pace of economic recovery outside the U.S.

by: ; IndexIQ
The coronavirus has impacted different countries with differing severity at different times...

July: Better than expected

by: ; IndexIQ
It was that kind of month, one dominated by bad news that could have been worse and markets that were generally inclined to shrug it off... 

Are mergers back?

by: ; IndexIQ
Uncertainty is tough on markets, but stocks have been rallying, and companies are again...

IndexIQ mid-year update – Volatility, vaccines, & voting

by: ; IndexIQ
Whereas the year started on a “normal” trajectory, by March, the pandemic quickly put a halt to an immeasurable...

Poor governance can be expensive

Governance issues are ones that often percolate behind the scenes, but they can easily spill out into public view...