Indexed-investment maker IndexIQ has hired former Deutsche Bank portfolio manager Julie Abbett to take a hand in overseeing the firm's product lines, including its separately managed account business.
"Julie brings tremendous experience in alternative-investment strategies and rules-based investment products to the firm," says IndexIQ's chief executive Adam Patti.
In her nine years with Deutsche bank's money-management division the company, Abbett ran a number of US and global strategies including funds - like the DWS Disciplined Market Neutral Fund, the DWS Blue Chip Fund, and the DWS Disciplined Long Short Growth and Value funds - that employ strategies based on multi-factor quantitative models similar to those used by IndexIQ.
Prior to joining Deutsche, Abbett was a product developer at FactSet Research Systems.
Rye Brook, N.Y.-based IndexIQ developer of index-based alternative investment products that combine characteristics of traditional index investing with the risk-adjusted return potential of actively managed funds.
