(Bloomberg) — New York Life Insurance’s MainStay Investments hired Ken Bossen to help build the ETF 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 and reports to John Lloyd, head of the division’s research platform group.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.