United States: MUFG Completes Acquisition Of Rydex Fund Services From Guggenheim

MUFG Investor Services closed its acquisition of Rydex Fund Services from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners. MUFG, the global asset servicing group of Mitsubishi UFJ Financial Group, agreed in July to acquire Rydex, Guggenheim's 1940-Act mutual fund administration business. The acquisition will expand MUFG's full service offering for alternative investment managers, adding regulated 1940-Act mutual fund and ETF services to a service proposition including single manager, fund of hedge fund, private equity and traditional asset managers. Financial details weren't made public.

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