Guggenheim Partners acquires Claymore Group

Claymore Group, including its ETF arm Claymore Securities, will be acquired by Guggenheim Partners, a privately held institutional fund manager. As of June 30, Claymore was the 13th-largest US ETF provider, with 35 ETFs and more than $1.6bn in assets under management, according to the National Stock Exchange. Guggenheim Partners chief executive officer Mark Walter says: "Claymore has clearly established itself as a leader within the retail investment space and perfectly complements our already robust institutional investment management capabilities." Claymore Group chairman and chi...