Rydex|SGI is not only growing its mutual fund lineup; it is also looking to grow its team.

Rydex|SGI CEO Rich Goldman (center) with head of distribution Marc Zeitoun (l) and managing director Sanjay Yodh (r) at the press conference Tuesday morning.

On the sidelines of Rydex|SGI's media briefing Tuesday morning at the 70 Park Avenue Hotel in New York City, CEO Rich Goldman told The MutualFundWire that the firm is planning to expand staff in areas including portfolio management, product development and distribution.

In New York, for instance, Goldman hinted that the growth might result in a change of address for Rydex|SGI's Big Apple office. He declined to provide further comments on the possible move as plans have yet to be finalized. Rydex|SGI's Manhattan outpost is located at 152 Madison Avenue.

Goldman and other Rydex|SGI bigwigs hosted a press briefing to promote four new alternative mutual funds that it unveiled last week. Rydex|SGI's alternative product menu now includes 12 mutual funds and nine ETFs.

Rydex|SGI has roughly $5.3 billion in alternative assets under management. The figure represents about 25 percent of the firm's total AUM.

Last year, Rydex saw 30 percent growth in AUM, Goldman said.

The press conference comes as Rydex|SGI is about to have a new owner.

In February, a Guggenheim Partners-led investor group inked a $400 million deal to buy Security Benefit Life (Rydex|SGI's parent). The deal is expected to close this quarter, Goldman confirmed.

The transaction will "accelerate investments we're making" in areas such as product development and distribution, he said. 

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