Rydex|Security Global Investors (SGI), owned by a group of investors led by Guggenheim Partners is an asset management firm that manages more than 100 funds, including 51 mutual funds that span small cap value, mid cap value, large cap value, and all cap value funds. Richard Goldman is the CEO.
In January 2008, Rydex Investments was purchased by the Topeka, Kansas-based insurer Security Benefit. The following year, Rydex was integrated with Security Global Investors, Security Benefit's other asset management business. Rydex maintained its original headquarters in Rockville, Maryland. Rydex's traditional leveraged and inverse mutual funds continued to bear the Rydex Investments name after the merge, but the other Rydex and Security Global funds, as well as SGI's variable insurance products, switched to the merged Rydex|SGI brand.
Rydex|SGI offers funds that follow many actively managed strategies, including Asset Allocation, Fixed Income, Global, U.S. Blend, U.S. Growth, U.S. Value, Opportunistic, Pure Styles, Commodities, Real Estate, Sectors, and Money Market. Their Leverage/Inverse funds include Domestic Equity/Broad Market, Fixed Income, and International Equity funds. In 2005, Rydex Investments launched the first-ever currency ETF called the Euro Currency Trust. Rydex has since has launched a series of funds tracking all major currencies under the brand CurrencyShares.
In June 2009, Security Benefit sold Rydex|SGI's brokerage arm, Rydex Financial Services (RFS), to Boston-based CEROS Financial Services. RFS officially became a part of CEROS in September 2009.
In February 2010, Rydex|SGI's parent company, Security Benefit, unveiled a $400 million deal to sell itself to a group of investors led by Guggenheim Partners. Guggenheim also owns ETF provider Claymore Investments.
The Guggenheim-led purchase of Security Benefit closed on August 2, 2010.
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Key People:
Richard Goldman CEO, Security Investors LLC
Marc Zeitoun Managing Director, Head of Distribution, Rydex|SGI
Sanjay Yodh Managing Director, Rydex|SGI
Dawn Kahler VP, Marketing & Communications, Rydex Funds
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