IndexIQ's Bassuk To Lead Franklin Square's Liquid Alternatives Business

Dec 1 2015 | 6:23pm ET

Franklin Square Capital Partners has hired former IndexIQ COO Greg Bassuk as managing director and head of liquid alternative strategies. 

In his new role, Bassuk will oversee the development and management of the firm’s liquid alternatives platform. Franklin Square is a major sponsor of alternative investment funds.

“Greg Bassuk is a veteran in the liquid alternative investments space with an impressive track record,” said Michael C. Forman, chairman and CEO of Franklin Square. “We are delighted Greg has joined Franklin Square to lead our liquid alts efforts, which we will pursue with the same focus on transparency and investor protection that has defined our firm's approach since our inception.”

Bassuk joins Franklin Square from IndexIQ, which he co-founded and where he served as chief operating officer. He helped IndexIQ, which is now owned by New York Life, bring the industry’s first set of liquid alternative investments to market through mutual fund, ETF, separate account and model portfolio products.

Beforehand, Bassuk held business-building roles at Time Warner, served as managing director of private investment firm McGovern Capital, co-founded (sold to TheStreet), and practiced as a corporate and securities attorney at Weil, Gotshal & Manges.

Founded in 2007, Franklin Square is a leading manager of alternative investment funds which provide access to asset classes, strategies and managers typically available only to sophisticated institutional investors. The firm managed approximately $17 billion in assets as of September 30, 2015. 

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