MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 18, 2008 Swank Discusses the Future of Rydex Now that the Security Benefit-Rydex deal is complete, the MFWire had a conversation with Tom Swank, president and chief operating officer of Topeka, Kansas-based Security Benefit, to get a sense of what the future holds for the combined organization. "Our companies have complementary skill sets," Swank told the MFWire, "we will focus on maximizing the benefits of both." Rydex will operate as an independent subsidiary of Security Benefit and the Rockville, Maryland-based fund firm's current management structure will stay intact, Swank said. Security Benefit plans to leverage one of Rydex's strongest products, ETFs, in its own 401(k) and 403(b) plan offerings. Swank said he also foresees being able to bring new Rydex products to market within six to nine months. Swank said that Security Benefit plans on retaining the Rydex name on products due to the strong brand it has developed. Asked whether Security Benefit intends to make more acquisitions, Swank said the company "doesn't currently have anything else in the hopper." Printed from: MFWire.com/story.asp?s=17180 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |