Guggenheim Partners
Encyclopedia
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. It has more than $100 billion of assets under its supervision
. The firm's executive chairman is Alan D. Schwartz
.
, 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. In July 2009 it acquired Claymore Group, a firm known for its ETF
s and UIT
s. In February 2010 it acquired Security Benefit Corp, parent company of Rydex Funds.
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".
In September 2009, Guggenheim hired former Goldman Sachs
partner Peter Comisar as Vice Chairman and Head of West Coast Investment Banking.
In October 2009, Guggenheim hired former JP Morgan head of Media Investment Banking Mark Van Lith as Senior Managing Director.
, capital raising, capital structure
advisory, sales and trading, fund placement, and institutional finance.
, equities, real estate
, and alternative investments.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
firm that engages in investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, capital markets services, investment management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
, and investment advisory
Investment advisory
An Investment advisory, in financial/investment organizations, is the unit linking the investment professionals in the central asset management unit to the relationship managers and/or to important clients of the asset management organization.Investment Advisors explain the investment ideas of the...
. 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. It has more than $100 billion of assets under its supervision
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
. The firm's executive chairman is Alan D. Schwartz
Alan Schwartz
Alan D. Schwartz is an executive chairman of Guggenheim Partners, LLC, an investment banking firm based in Chicago and New York. He was the last CEO Bear Stearns before its acquisition by JPMorgan Chase & Co., having succeeded James E. Cayne who remained chairman.-History at Bear Stearns:Alan...
.
Organization
Guggenheim Partners provides services across investment bankingInvestment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, capital markets, investment management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
, merchant banking, and wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
.
In May 2009, Guggenheim acquired a controlling interest in Transparent Value LLC
Transparent Value
Transparent ValueLLC is a division of Guggenheim Partners LLC specializing in the management of equity mutual funds and separately managed accounts. The firm is headquartered in New York City.-Investment Methodology:...
, creators of the Required Business Performance Methodology. In July 2009 it acquired Claymore Group, a firm known for its ETF
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
s and UIT
Unit Investment Trust
A Unit Investment Trust is a US investment company offering a fixed portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors.-Types:...
s. In February 2010 it acquired Security Benefit Corp, parent company of Rydex Funds.
In June 2009, Guggenheim hired former Bear Stearns
Bear Stearns
The Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...
CEO Alan Schwartz
Alan Schwartz
Alan D. Schwartz is an executive chairman of Guggenheim Partners, LLC, an investment banking firm based in Chicago and New York. He was the last CEO Bear Stearns before its acquisition by JPMorgan Chase & Co., having succeeded James E. Cayne who remained chairman.-History at Bear Stearns:Alan...
as Executive Chairman to "focus on transforming Guggenheim`s existing broker-dealer
Broker-dealer
A broker-dealer is a term used in United States financial services regulations. It is a natural person, a company or other organization that trades securities for its own account or on behalf of its customers....
, which is focused on sales and trading of fixed income securities, into a full-service investment banking enterprise".
In September 2009, Guggenheim hired former Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
partner Peter Comisar as Vice Chairman and Head of West Coast Investment Banking.
In October 2009, Guggenheim hired former JP Morgan head of Media Investment Banking Mark Van Lith as Senior Managing Director.
Investment Banking and Capital Markets
Investment banking services including mergers and acquisitionsMergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
, capital raising, capital structure
Capital structure
In finance, capital structure refers to the way a corporation finances its assets through some combination of equity, debt, or hybrid securities. A firm's capital structure is then the composition or 'structure' of its liabilities. For example, a firm that sells $20 billion in equity and $80...
advisory, sales and trading, fund placement, and institutional finance.
Investment Management
Investment Management specialties include fixed incomeFixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
, equities, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
, and alternative investments.
Wealth Management
Guggenheim Investment Advisors oversees about $50 billion in assets.External links
- Guggenheim Partners
- Guggenheim Investment Advisors
- Guggenheim Venture Partners - private equity and venture capital firm in technology sector
- Transparent Value (A Guggenheim Partners Company) - fundamentally analyzed quantitatively selected indexes