9601 Blackwell Road
Suite 500
Rockville, MD 20850
Google Maps
Contact
Main Phone: 785-438-3127
Web Site:
http://www.rydex-sgi.com/index.html
Mutual Fund Brand(s)
Rydex|SGI, CurrencyShares [ETFs]
Research Links
SEC Fund Filings by CIK
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Background:
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In September 2011 Guggenheim Partners revealed a plan to consolidate all 11 of its asset management businesses, including Rydex|Security Global Investors (SGI), into a single, new, subsidiary: Guggenheim Investments [see Guggenheim's profile]. Guggenheim plans to keep the Rydex name on only the Rydex Target Beta funds.
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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Sponsored Opportunities
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Key People:
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Marc Zeitoun
Head of Intermediary Distribution, Guggenheim Investments | Richard Goldman
Independent Board Director, Becket Capital | Sanjay Yodh
Head of Institutional Distribution, Proshares | Dawn Kahler
VP, Marketing & Communications, Rydex Funds |
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