] has merged its four investment advisory arms into one. The company is also moving
to its new headquarters later month [SEC filing
] and during this quarter, it plans
consolidate to a single mutual fund record-keeping platform that will support investments across all Rydex|SGI mutual funds [
see announcement on the company Web site
Effective January 3, Rydex Advisors, Rydex Advisors II and Security Global Investors merged into Security Investors LLC, which operates under the name Rydex Investments.
The decision to reduce the number of investment
advisory entities is aimed at "creating more operational efficiencies," Rydex SGI spokeswoman Jeaneen Pisarra told The MFWire.com
The change has no impact on staffing and the investment philosophies of the mutual funds remain unchanged.
The Rockville, Maryland-based Rydex SGI is also preparing to move its headquarters from 9601 Blackwell Road, Suite 500 to Four Irvington Centre, 805 King Farm Boulevard, Suite 600. The change will take place "on or about January 17," according to the SEC filing.
At the end of October, the company relocted its New York office from 330 Madison Avenue to 40 East 52nd Street, according to Pisarra.
Stay ahead of the news ... Sign up for our email alerts now