Guggenheim Partners is considering merging its former Claymore Group exchange-traded fund business with Rydex SGI, Investment News reports, citing Morningstar. The merger, if completed, will create the seventh-largest ETF provider in the U.S. with $11 billion in assets. The firm has not yet decided the roles of Rydex SGI CEO, Rich Goldman, and president and COO of Guggenheim’s investment management business, Donald Cacciapaglia, in the new combined unit. Guggenheim bought Claymore in October 2009 and rebranded it to Guggenheim Funds Investment Advisors in September 2010.
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