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Written by Cinthia Murphy
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Friday, 16 October 2009 08:58 |
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It's official: Privately held institutional money manager Guggenheim Partners now owns Claymore Group Inc.
The acquisition covers all aspects of Claymore's operations, including Claymore Securities Inc., Claymore Investments Inc. in Canada and Claymore Advisors, LLC.
A leading provider of investment products such as exchange-traded funds, closed end funds and unit investment trusts, Claymore's units are now indirect wholly owned subsidiaries of Guggenheim Partners.
Claymore was the 13th-largest U.S. ETF provider as of June 30. In Canada, the company has over $2 billion in ETF assets under management.
You can read IndexUniverse.com's coverage of the merger here.
You can read the merger announcement here.
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