Guggenheim may hire up to 10 portfolio managers in 2013

February 9th, 2013
| More
Guggenheim Global Trading (GGT), a subsidiary of Guggenheim Partners LLC, announced that it plans to hire as many as 10 portfolio managers this calendar year. GGT was launched in early 2012 and currently has 15 managers. The new hires would fill positions across three strategies: utilities, energy and health care long/short equity strategies.

GGT is seeking candidates that would like to focus purely on investing without the operational responsibilities associated with starting a hedge fund. Managers will be expected to deliver “high single-digit returns”.

GGT is a multi-strategy that primarily invests in long/short equity, event-driven, merger-arbitrage, and quantitative strategies. The fund has in excess of $500 million in capital from its parent company – a number that may grow to $2 billion over the next few years.
For Detailed Investor Profiles on these Investors, click below:
Guggenheim Partners
Related People: Alan Schwartz; Mark Walter; Scott Minerd; Tom di Galoma
Related Entities: Claymore Securities Inc; Claymore/Guggenheim Strategic Opportunities; Guggenheim Advisors; Guggenheim Alternative Asset Management; Guggenheim Capital LLC; Logan Circle Partners*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

More Recent Headlines

Keith Anderson's Anderson Global Macro preps for big Launch: Hires Credit Suisse’s Doug Paul

Former Normura Star Benjamin Fuchs Shines Brightly with his BFAM Partners

Elliot Management Slates Board Nominees to Shakeup Hess Corp

FRM Capital Advisors seeds Toby Bartlett’s Japan focused Arena Capital Management

Daniel Loeb’s Third Point, Crispin Odey’s Odey European and Jeffrey Altman’s Owl Creek hedge funds lead January Surge

Hedge Fund Titans Carl Icahn and Bill Ackman Clash over Herbalife

Top Commodities Hedge Funds Revealed: Oversee $29.4 Billion in Assets

Hedge Fund Founder Chris Hansen set to parlay Facebook IPO Winnings into a Seattle Basketball Team

The Global Economy in 2013 - 5 key economic trends

SAC alum set to launch long-short hedge fund