Guggenheim Partners


Guggenheim Partners
Guggenheim Partners, LLC
Type Private
Industry Financial Services
Founded 1999
Founder(s) Guggenheim family
Headquarters New York
Chicago
Area served Worldwide
Key people Alan Schwartz (Executive Chairman)
Products Investment Banking
Capital Markets
Investment Management
Merchant Banking
Wealth Management
Services Diversified Financial Services
AUM $100+ billion
Owner(s) Private
Employees 1400+
Website www.guggenheimpartners.com

Guggenheim Partners, LLC is a privately held, diversified financial services firm that engages in investment banking, capital markets services, investment management, and investment advisory. The firm is headquartered in Chicago and New York with over 1,400 professionals located in 20 cities throughout the United States, Europe, and Asia.[1] It has more than $100 billion of assets under its supervision.[2] The firm's executive chairman is Alan D. Schwartz.[3]

Contents

Organization

Guggenheim Partners provides services across investment banking, capital markets, investment management, merchant banking, and wealth management.

In May 2009, Guggenheim acquired a controlling interest in Transparent Value LLC, creators of the Required Business Performance Methodology.[4] In July 2009 it acquired Claymore Group, a firm known for its ETFs and UITs.[5] In February 2010 it acquired Security Benefit Corp, parent company of Rydex Funds.[6]

In June 2009, Guggenheim hired former Bear Stearns CEO Alan Schwartz as Executive Chairman to "focus on transforming Guggenheim`s existing broker-dealer, which is focused on sales and trading of fixed income securities, into a full-service investment banking enterprise".[7]

In September 2009, Guggenheim hired former Goldman Sachs partner Peter Comisar as Vice Chairman and Head of West Coast Investment Banking.[8]

In October 2009, Guggenheim hired former JP Morgan head of Media Investment Banking Mark Van Lith as Senior Managing Director.[9]

Investment Banking and Capital Markets

Investment banking services including mergers and acquisitions, capital raising, capital structure advisory, sales and trading, fund placement, and institutional finance.

Investment Management

Investment Management specialties include fixed income, equities, real estate, and alternative investments.

Wealth Management

Guggenheim Investment Advisors oversees about $50 billion in assets.[10]

References

  1. ^ "Guggenheim Partners - About Us". http://www.guggenheimpartners.com/about-us.aspx. 
  2. ^ "Guggenheim Partners - Home". http://www.guggenheimpartners.com/. 
  3. ^ "After Bear, Schwartz to Join Guggenheim Partners". The New York Times. June 2, 2009. http://dealbook.blogs.nytimes.com/2009/06/02/bears-schwartz-to-join-guggenheim-partners/. Retrieved 2009-10-12. 
  4. ^ http://www.transparentvaluefunds.com/about-us/about-us.aspx
  5. ^ "Guggenheim Partners to Acquire Claymore Group". Reuters. July 31, 2009. http://www.reuters.com/article/2009/07/31/idUS192538+31-Jul-2009+BW20090731. 
  6. ^ http://blogs.marketwatch.com/etfblog/2010/02/16/guggenheim-buys-rydex-parent/
  7. ^ "Alan Schwartz Joins Guggenheim Partners as Executive Chairman". Reuters. June 2, 2009. http://www.reuters.com/article/pressRelease/idUS41412+02-Jun-2009+BW20090602. Retrieved 2009-10-13. 
  8. ^ "Peter Comisar Joins Guggenheim Securities as Vice Chairman and Head of West Coast Investment Banking". prnewswire.com. September 10, 2009. http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/09-10-2009/0005091279&EDATE=. Retrieved 2009-10-13. 
  9. ^ "Mark Van Lith Joins Guggenheim Securities' Investment Banking Group". Reuters. October 7, 2009. http://www.reuters.com/article/pressRelease/idUS100365+07-Oct-2009+PRN20091007. Retrieved 2009-10-13. 
  10. ^ "Guggenheim ‘Excited’ About Private Equity, Likes Macro Funds". Bloomberg. October 8, 2009. http://www.bloomberg.com/apps/news?pid=20601103&sid=avJZCdo441lA. Retrieved 2009-10-13. 

External links


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