New Firm to Operate Under Deimos Asset Management
NEW YORK - Guggenheim Partners announced today the sale of Guggenheim Global Trading (“GGT”), a standalone multi-strategy trading platform based in Purchase, NY, to an investor group led by GGT management. The new business will operate under the name of Deimos Asset Management. Terms of the transaction were not disclosed.
Deimos will retain the current senior management team of GGT, led by Loren Katzovitz and Patrick Hughes. Mark Standish, former Co-CEO of RBC Capital Markets, will also join Deimos as a Managing Partner.
The investor group announced that Deimos Asset Management will be supported by an equity investment from Ares Management LP.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm with more than $220 billion in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With more than 2,500 professionals based in more than 25 offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity.