Company Press Release

RYE BROOK, New York, (January 11, 2010)—IndexIQ, a leading developer of index-based alternative investment solutions, has named Peter M. Gorman Senior Vice President and Senior Relationship Manager, it was announced today. At IndexIQ, Gorman will be responsible for driving key account relationships. He joins the company from Hatteras Funds, an alternative investment firm where he served as Director and was responsible for overseeing strategic relationships with a broad range of clients including banks, wealth management firms, platform providers, consultants and registered investment advisors (RIAs).

"Peter has built an outstanding record helping alternative asset managers attract new assets and manage client relationships," said Adam Patti, chief executive officer at IndexIQ. "We view his decision to join us as a further endorsement of what we are doing at IndexIQ – providing innovative, transparent, low-cost, index-based alternative investment solutions to the marketplace. We look forward to his contributions as we continue to bring our message to investors and financial advisors."

"Peter has strong connectivity across the wirehouse, RIA, family office and institutional markets," said Anthony Davidow, Executive Vice President and Head of Distribution. "Peter will be instrumental in developing and maintaining national relationships."

Gorman brings more than 20 years of financial industry experience to IndexIQ having begun his Wall Street career in 1986 at Donaldson Lufkin & Jenrette in New York. He subsequently has held senior sales and marketing positions at a number of leading asset management firms, including Simms Capital Management in Greenwich, Connecticut, and New York City-based Robeco Investment Management.

Gorman holds a Bachelor of Arts from Hobart and William Smith Colleges, and an MBA from Babson College. He is a present or past member of the Investment Management Consultants Association (IMCA), the Money Management Institute (MMI), the Government Finance Officers Association, and the Family Office Exchange. IndexIQ is the sponsor of a number of index-based alternative investment products designed to “democratize” the alternative investment landscape, including:
• the first U.S.-listed hedge fund replication ETF, the IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI);
• the first market directional hedge fund replication ETF, the IQ Hedge Macro Tracker ETF (NYSE: MCRO);
• the first U.S.-listed “real return” ETF which seeks to give investors a hedge against the U.S. inflation rate by providing a return above the rate of inflation as measured by changes in the Consumer Price Index, the IQ CPI Inflation Hedged ETF (NYSE Arca: CPI); the Consumer Price Index is published by the Bureau of Labor Statistics and is a measure of the average change in prices over time of goods and services purchased by households;
• the first global resources hedged ETF, which seeks to solve the problems associated with the significant overweight in the energy sector inherent in other broad-based commodity products, the IQ ARB Global Resources ETF (NYSE Arca: GRES);
• the first merger arbitrage ETF, the IQ ARB Merger Arbitrage ETF (NYSE Arca: MNA); and
• the first open-end, no-load hedge fund replication mutual fund, the IQ ALPHA Hedge Strategy Fund (IQHIX – Institutional Share Class, and IQHOX – Investor Share Class).

IndexIQ products are designed to be liquid, transparent, low cost, and accessible to a broad range of investors.* CPI, MNA and GRES should be considered a speculative investment entailing a high degree of risk and are not suitable for all investors. An investment in the ETFs does not represent a complete investment program.


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