“The combination of Security Benefit and Rydex leverages an existing successful relationship into a catalyst for broader solutions, through sophisticated asset and risk management skills, compressive products, options and choices and an ever-widening array of traditional and non-traditional capabilities,” said Kris Robbins, Security Benefit president and chief executive officer.
Rydex will retain its current management team and location in Rockville-Md., and operate as a new and separate line of business under Security Benefit’s holding company. Rydex currently has 263 employees and manages more than 80 mutual funds, 25 exchange traded products and 55 institutional products.
Security Benefit has 825 employees and provides individual and employer-based retirement programs as well as institutional investors with a diverse array of investment options, including specialty fixed income, domestic and global equity strategies in separate accounts and mutual funds.
