Rydex|SGI brought on board Tony Davidow as managing director, portfolio strategist. He will focus on helping build Rydex|SGI's ETF business.

Davidow was previously head of distribution at IndexIQ. An IndexIQ spokesperson told The MFWire.com that Davidow "will not be directly replaced." His duties will be assumed by Kevin Disano, senior vice president and national sales manager.

Company Press Release
RYDEX|SGI HIRES TONY DAVIDOW AS MANAGING DIRECTOR AND PORTFOLIO STRATEGIST

December 20, 2010� New York, NY�Rydex|SGI is pleased to announce that Tony Davidow has joined the firm as managing director, portfolio strategist. Mr. Davidow has over 25 years of financial services industry experience. His primary focus will be to help build the ETF business as the firm intensifies its commitment to the marketplace.

�Rydex|SGI is well known for providing extensive resources, educational materials and product solutions to meet the diverse needs of our clients,� said Jon Conner, managing director and portfolio strategist at Rydex|SGI. �Tony�s extensive experience in the industry will provide financial advisors and their clients with a unique perspective on the markets and on key practice management strategies.�

Prior to joining Rydex|SGI, Davidow was Head of Distribution at IndexIQ, a leading developer of index-based alternative investment solutions. Before that, he spent 15 years at Morgan Stanley, serving as Managing Director, Sales and Training for the Consulting Services Group. Mr. Davidow was responsible for building Morgan Stanley�s Institutional Consulting business. Additionally, Mr. Davidow has held positions at Graystone Wealth Management, the American Stock Exchange, Kidder Peabody and a Family Office.

�Rydex|SGI is uniquely positioned to address the needs of advisors and investors by offering a comprehensive set of alternative and ETF solutions and a robust advisor education program,� said Mr. Davidow.

With more than $6 billion in exchange traded products, the firm is committed to continuing to expand its leadership in the space. The ETF offerings, with the exception of CurrencyShares�are known in the marketplace as RydexSharesSM, and include nine sector ETFs. Also, the Rydex S&P Equal Weight ETF (RSP), was launched in 2003 and has grown to approximately $2 billion in assets under management.

�Rydex|SGI strives to meet the diverse asset allocation needs of its clients by offering a comprehensive line-up of traditional and alternative investment strategies,� said Richard Goldman, CEO of Rydex|SGI. �Our recent launch of new equal weight ETFs reaffirms our commitment to providing innovative solutions across investment categories.�

Mr. Davidow serves on the Board of Directors of the Investment Management Consultant�s Association (IMCA). During his career, he has authored white papers on investment and industry trends and he frequently speaks at industry conferences.

About Rydex|SGI
Rydex manages approximately $23 billion in assets-including more than $6 billion in exchange traded product assets. Rydex offers institutional investors and financial intermediaries a broad spectrum of traditional and nontraditional investment options that span four distinct disciplines�fundamental alpha (actively managed equity and fixed-income), alternative strategies, target beta strategies and ETFs. For more information call 800-820-0888.

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