The Long Short Interest Rate Strategy Fund is getting a new facelift.
To start, American Independence Financial Services has resigned as the $35 million fund’s sub-adviser, effective October 2, according to a
In addition, the Board of Trustees of Rydex Series Funds has decided to change the name of the fund to the Flexible Strategies Fund and merge it into the $224 million Guggenheim Macro Opportunities Fund.
The reorganization will be submitted to a vote of the shareholders of the fund at a meeting to be held on Nov. 26.