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

Global Markets Push Higher

by:
Global markets continued their theme from September as they pushed higher, with domestic indices hitting all-time highs on multiple trading days throughout the month.

The Hedge of Least Regret

by:
The potential benefits of international equity investing include participation in the fortunes of many of today’s global industry leaders and greater...

Spain, the Euro, and the Dollar

by:
First there was Brexit, and now Catalonia. Spain is the fifth largest economy in the Euro zone, and Catalonia is its most prosperous region, contributing around...

Alternatives: Buy the Umbrella Before It Rains

by:
The past never perfectly reflects the future, but it does leave hints. Markets tend to move in cycles...

Mother Nature’s Market Impact

by:
Global markets had a strong performance in September, with domestic indices lagging behind international. Earlier in the month, a string of natural disasters caused...

Global Infrastructure and Natural Resources

by:
According to the OECD, global infrastructure spending requirements over the next few decades will be in the trillions of dollars, as governments invest to...

The Dollar So Far

by:
Go figure. Many had predicted that the U.S. dollar would strengthen in 2017, based on an improving domestic economy and the Fed’s well-telegraphed plan to...

The Fed Makes Moves

by:
No one can say they weren’t warned: the Fed has been telegraphing the start of the great unwinding of its balance sheet for months. This week, it became a reality...