Oct 16, 2014

Exclusive: Goldman Sachs in talks to acquire ETF provider IndexIQ - sources

By Jessica Toonkel

Thu Oct 16, 2014 3:25pm EDT

Goldman Sachs stall on the floor of the New York Stock Exchange is shown in this July 16, 2013 file photo. REUTERS/Brendan McDermid/Files

Goldman Sachs stall on the floor of the New York Stock Exchange is shown in this July 16, 2013 file photo.

Credit: Reuters/Brendan McDermid/Files

n">(Reuters) - Goldman Sachs Group (GS.N) is in discussions to acquire IndexIQ, a Rye Brook, New York-based exchange-traded fund provider, according to three sources familiar with the situation.

The deal, if finalized, would enable Goldman to introduce passively managed and actively-managed exchange traded funds within months.

A Goldman Sachs Asset Management spokeswoman declined to comment. A call and e-mail to Adam Patti, the chief executive of IndexIQ, was not immediately returned.

(Reporting By Jessica Toonkel; Editing by Diane Craft)


An artist's rendering shows a big-bodied, short-faced kangaroo called a sthenurine that lived in Australia from about 13 million years ago until about 30,000 years ago, in this undated handout. REUTERS/Brian Regal/Brown University/Handout via Reuters

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