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Rating:SBI Sells Part of Rydex Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 03, 2009

SBI Sells Part of Rydex

Reported by Erin Kello

Rydex SGI's brokerage arm has changed hands. Investment News reports that Rydex Financial Services has been sold to Boston-based CEROS Financial Services.

A spokeswoman for Rydex-SGI was not immediately available to comment on the sale. Mark Hausman, president of CEROS, was not able to comment on the deal due to an non-disclosure agreement.

Rydex Investments has been the subject of various sales rumors this year. In January, multiple sources told the MFWire that the company was once again up for sale by Security Benefit and had retained Goldman Sachs, also its advisor for Rydex's sale to SBI, once again. (see MFWire 01/14/09)

In May Rydex was again the target of sale rumors as another publication reported that Claymore was interested in purchasing the firm. (see MFWire 05/13/09)  

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