Sixty-one percent of RIAs polled by
Rydex|SGI plan to
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 the firm
launched last week.
Kirk Barneby, 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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