MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
Wednesday, February 16, 2000 Rydex Shuffles Offices, Adds Staff Rydex Funds is moving its West Coast office from Santa Barbara, CA to Denver, CO and creating two "regional hub" locations. One hub will be in the new Denver office and another in Massachusetts, which has moved from Ipswich, MA into the city of Boston.
Cheryl Burgut, just hired as Northwest regional sales rep, will be working out of Denver and reporting to Dan Hornbaker, the regional sales manager for the RIA channel. Hornbaker will report to Mark Bentley, vice president and national sales manager. Dan Sullivan will continue as regional sales manager for the RIA channel for the Eastern US, in the Boston office, with Andrew Waddell, a new hire, working as inside sales rep. Sullivan also reports to Bentley. Both offices will have salespeople dedicated to the broker/dealer channel as well, reporting to Dennis Hearns, national broker/dealer sales manager. Hearns is currently working to identify broker/dealers with a "significant commitment to fee-based business." The Rockville, MD- headquartered firm has 22 mutual funds with about $7.5 billion in assets under management, an asset base which has doubled in the last 12 months. It also has a regional office in Shreveport, LA. Printed from: MFWire.com/story.asp?s=25527 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |