Sixty-one percent of RIAs polled by Rydex|SGI
increase usage of alternative offerings. Sanjay Yodh
Rydex|SGI's managing director of alternative investments,
revealed this finding at a press conference Tuesday
morning at 70 Park Avenue Hotel in midtown Manhattan.
A total of $110 billion went into alternative mutual funds last year, he said.
Rydex|SGI executives led by Rich Goldman
were in town to
promote the four new alternative mutual funds
launched last week.
, chief strategist and portfolio manager at
American Independence Financial Services, which sub-advises the Long Short Interest Rate Strategy Fund
, also spoke at the event.
About a dozen journalists attended the media briefing.
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