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Tuesday, July 20, 2010|
Rydex|SGI Finds Growing RIA Appetite for Alts
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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