A.P. "Skip" Viragh, the founder of Rydex Funds, died at his Sarasota, Fla.-home on Dec. 11 of pancreatic cancer at the age of 62.

Carl Verboncoeur, president of Rydex Fund Services, has taken on the CEO position of Rydex Investments, while Michael Byrum, president of Rydex Capital Partners, has stepped into the COO role.

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