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

Volatility Hits Global Markets Hard

If January was a continuation of 2017 in the markets, February was the complete opposite. Global markets saw negative performance across the board, as volatility not only...

Will High Yield Live Up to its Name (Again)?

Once upon a time, high yield bonds were just that: fixed income instruments with substantial yields, often in double digits, generally well above what was on offer from the...

Markets Go Down Sometimes

Markets do go down sometimes. After a long run of record highs, volatility has returned, with the S&P 500 dropping nearly 4% in a week. The catalyst this time...

Will M&A Continue to Boost Portfolios in 2018?

While it’s a fact that global M&A was down slightly from a record year in 2016, it’s hard to find too much fault...

A Record-Breaking Year for Equity Markets

The majority of global markets showed positive performance over the course of the month, topping off a record...

Small Caps and Tax Reform

Tax reform is now a reality and while the implications for individuals will vary according to circumstances (consult your accountant), the 21% corporate tax rate is clearly...

2018 ETF Top Trends and Insights

International investments, event-driven opportunities, and continued growth in ETF industry assets are all likely to make waves in 2018...

What if the Fed Reignites Inflation?

Much talked about, but little seen these past several years, inflation continues to be a source of heated discussion among economists members of the Federal Reserve, and...