Deal buzz about Rydex
just made it into the press again. On Wednesday IndexUniverse
's Jim Wiandt reported
that rumors about Claymore
buying the leveraged index managers from Security Benefit
"have been flying around the industry over the last week or so." According to IU, Guggenheim
may provide private equity support to the deal.
Spokespeople for Claymore, Rydex and Security Benefit all could not immediately be reached for comment by The MFWire
first reported on the Rydex sale rumors in January as former CEO Carl Verboncoeur
moved on as part of a restructuring (see MFWire, 1/14/2009
). At the same time, Security Benefit unveiled a plan to combine its own Security Global Investors arm (and brand) with that of Rydex, an odd move if the Topeka, Kansas-based insurer is prepping Rydex for a sale.
At the time, insiders pointed to PowerShares
and private equity firms as possible Rydex bidders.
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