MainStay Hires Ken Bossen for ETFs With Hedge Fund Approach

(Bloomberg) New York Life Insurance Co.’s MainStay Investments hired Ken Bossen to help build the exchange-traded fund operation that seeks to mimic hedge fund strategies. Bossen joined as director of ETF business development at the institutional intermediary division and will focus on the IndexIQ unit that MainStay acquired last year, working with analysts and portfolio-construction teams, the firm said Tuesday in a statement. He previously was at State Street Corp. and reports to John Lloyd, head of the division’s research platform group.

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