Liquid alternative provider IndexIQ, is celebrating a milestone. The company reported this month that it has surpassed the $1 billion AUM mark.

Adam Patti, IndexIQ’s chief executive officer, attributed the growth to interest from the advisor and retail channels. “In a few short years, liquid alternatives have gone from a novelty to playing an important role in a diversified investment portfolio and we’ve seen strong interest in our offerings from the institutional and retail advisor channels,” he said, in a statement.

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