Guggenheim may hire up to 10 portfolio managers in 2013
|February 9th, 2013||
|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.
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