Guggenheim Partners and Rydex/SGI announced Wednesday that Guggenheim will acquire Rydex in the first quarter of 2012 and combine its asset management capabilities under the name Guggenheim Investments. Once the deal is closed, Guggenheim Investments will have $119 billion of assets under management. Terms of the acquisition were not disclosed.
Guggenheim specializes in serving institutional and ultra-high-net-worth investors, family offices and investment advisors. Rydex offers mutual funds, currency trusts and exchange-traded funds.
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