Guggenheim Partners Acquires Rydex/SGI

September 22, 2011

On September 21, 2011 pionline.com reported that Guggenheim Partners has acquired ETF manager Rydex/SGI, which it will merge into its existing asset management business.


On September 21, 2011 pionline.com reported that Guggenheim Partners has acquired Exchange Traded Fund manager Rydex/SGI.  Following the acquisition, Rydex/SGI will be consolidated into Guggenheim’s existing asset management business to offer a single ETF family using the Guggenheim Investments name.  Guggenheim Investments has approximately $19 billion under management across a variety of investment vehicles.  Terms of the transaction were not disclosed.

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Categories

Hedge Fund M&A, Investment Manager M&A, Transactions