is not only growing its mutual fund lineup; it is
also looking to grow its team.
Rydex|SGI CEO Rich Goldman (center) with head of distribution Marc Zeitoun (l) and managing director Sanjay Yodh (r) at the press conference Tuesday morning. |
On the sidelines of Rydex|SGI's media briefing Tuesday
morning at the 70 Park Avenue Hotel in New York City,
CEO Rich Goldman
told The MutualFundWire
the firm is planning to expand staff in areas including
portfolio management, product development and distribution.
In New York, for instance, Goldman hinted that the growth
might result in a change of address for Rydex|SGI's Big
Apple office. He declined to provide further comments on
the possible move as plans have yet to be finalized.
Rydex|SGI's Manhattan outpost is located at 152 Madison
Goldman and other Rydex|SGI bigwigs hosted a press briefing
to promote four new alternative mutual funds that it
unveiled last week. Rydex|SGI's alternative product menu
now includes 12 mutual funds and nine ETFs.
Rydex|SGI has roughly $5.3 billion in alternative assets
under management. The figure represents about 25 percent of
the firm's total AUM.
Last year, Rydex saw 30 percent growth in AUM, Goldman
The press conference comes as Rydex|SGI is about to have a
In February, a Guggenheim Partners
-led investor group inked
a $400 million deal to buy Security Benefit Life
(Rydex|SGI's parent). The deal
is expected to close this quarter, Goldman confirmed.
The transaction will "accelerate investments we're making"
in areas such as product development and distribution, he
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