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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