Deal buzz about
Rydex just made it into the press again. On Wednesday
IndexUniverse's Jim Wiandt
reported that rumors about
Claymore buying the leveraged index managers from
Security Benefit "have been flying around the industry over the last week or so." According to IU,
Guggenheim may provide private equity support to the deal.
Spokespeople for Claymore, Rydex and Security Benefit all could not immediately be reached for comment by
The MFWire.
The MFWire first reported on the Rydex sale rumors in January as former CEO
Carl Verboncoeur moved on as part of a restructuring (see
MFWire, 1/14/2009). At the same time, Security Benefit unveiled a plan to combine its own Security Global Investors arm (and brand) with that of Rydex, an odd move if the Topeka, Kansas-based insurer is prepping Rydex for a sale.
At the time, insiders pointed to
PowerShares owner
Invesco and private equity firms as possible Rydex bidders. 
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