Guggenheim Partners will integrate its existing asset management businesses into a single unit Guggenheim Investments. Through the move, several of Guggenheim’s investment management groups will join Rydex|SGI, which will result in Guggenheim Investments having combined assets of approximately $119 billion. Guggenheim Investments will be headed by Todd Boehly, president of Guggenheim Partners along with its CIO Scott Minerd, chief administrative officer Don Cacciapaglia and COO Richard Goldman. Guggenheim Partners is being advised by Citibank.
Click here for the release from Globe Newswire.