IndexIQ Leaps into the Asset Management Business

September 17, 2007 (PLANSPONSOR.com) - IndexIQ has launched an asset management business that will be led by Austin "Gus" Fleites, the former Chief Investment Officer and head of Exchange Traded Funds (ETFs) at Pro Shares.

IndexIQ Advisors have seven investable funds that include hedge fund and exchange-traded fund products.

Fleites will be the president of IndexIQ Advisors. Fleites spent eighteen years with State Street Global Advisors (SSgA), starting as a portfolio manager and then later becoming department head for Asset Allocation Strategies, then head of Exchange-Traded Funds, and finally President of SSgA Funds Management, Inc.

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The seven investable funds are derived from two product families HedgeIQ, a series of hedge fund replication solutions, and ETFIQ, a series of exchange-traded fund products, according to a news release.

The Four HedgeIQ strategies include:

  • HedgeIQTM Composite:   provides performance characteristics comparable to a fundof hedge fund strategy.
  • HedgeIQTM Long Short:   provides performance characteristics comparable to long/shorthedge fund styles.
  • HedgeIQTM Market Neutral:provides performance characteristics comparable tomarket neutral hedge fund styles.
  • HedgeIQTM Fixed Income Arbitrage:provides performance characteristicscomparable to fixed income arbitrage hedge fund styles.

Three ETFIQ strategies include:

  • ETFIQTM – Commodity Rotation:   seeks long-term capital appreciation and lowcorrelation to the broader market through rotating exposure to various commodities ETFs.
  • ETFIQTM – Country Rotation All World Ex-US:   seeks long-term capitalappreciation through rotating exposure to the universe of developed and emerging international equity markets, through country ETFs.
  • ETFIQTM – Country Rotation Developed Markets Ex-US:seeks long-term capital appreciation through rotating exposure to the universe of developed international equity markets through country ETFs.

Additional information about the company and its products can be found at   www.indexiq.com .

So You Want to Be a Rock Star?

September 14, 2007 (PLANSPONSOR.com) - While it may not be the kind of conclusion that demands actuarial acumen, a new study concludes that rock stars do indeed live fast and die young.

Researchers at Liverpool John Moores University, whose report appeared in the Journal of Epidemiology and Community Health, studied a sample of North American and British rock and pop stars and, according to Reuters, concluded they are more than twice as likely to die a premature death as ordinary citizens of the same age.

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The team looked across a wide variety of genres – considering 1,064 stars from the rock, punk, rap, R&B, electronic and new age genres in the “All Time Top 1,000” albums published in 2000, comparing each artist’s age at death with that of European and U.S. citizens of similar backgrounds, sex and ethnicity.

The report found that, between two and 25 years after the onset of fame, the risk of death was two to three times higher for music stars than for members of the general population matched for age, sex, nationality and ethnic background.

First Years Most Dangerous

The average age of death was 42 for North American stars (which included the likes of Elvis Presley, Kurt Cobain, and Jimi Hendrix) and 35 for European stars. In all, 100 of the stars considered had passed on – 7.3% of women and 9.6% of men. The first years of success were found to be the most dangerous – with both British and American musicians three times more likely to die than the average person during that time. Long-term drug or alcohol problems accounted for more than one in four of the deaths.

However, the elder statesmen of the genre – such as Paul McCartney and Mick Jagger – can take heart. The study found that after 25 years of fame, stars’ death rates began to return to normal – at least in Europe. A European star still living 25 years after achieving fame faces a similar mortality rate to the European public.

However, U.S. artists continue to die in greater numbers – a difference that the study said “might be explained by differences in longer-term experience of fame, with more performing in later years … continued media interest and associated stress and substance use in North American pop stars.”

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