(Bloomberg) — Scott Minerd, chief investment officer of Guggenheim Partners, considered one of the bond kings of the last few decades, has died. he was 63 years old.
Bloomberg’s most read articles
Guggenheim said in a statement that Minor died Wednesday after suffering a heart attack during a routine workout.
Guggenheim Investments will continue to be led by co-presidents Dina DiLorenzo and David Rohn, as well as Ann Walsh, CIO of Guggenheim Partners Investment Management, the company said.
“Scott’s partners at the Guggenheim, as well as the many colleagues Scott recruited, worked with and mentored over the years at the Guggenheim, all mourn his passing,” the company said in a statement. “In Scott’s honor, Guggenheim investment professionals will continue to use the processes and procedures Scott established to manage the Guggenheim client portfolio every day. , we will dedicate our continuous efforts to do so with excellence and fidelity.”
According to the company, he was survived by her husband, Eloy Mendes.
Living in California, Minerd was a frequent television commentator on markets and investments. He has worked in fixed income, structured securities, currencies and derivatives during his 1980s and his 1990s stints at Merrill Lynch, Morgan Stanley and Credit Suisse First Boston, and during his 40-year bull run in the markets. , became one of his leaders in the bond era. With Bill Gross, Jeffrey Gundlach, Dan Fuss and more.
Gross, co-founder of Pacific Investment Management, said in a 2019 interview with Bloomberg that he doubts another “bond king” will emerge, but Minerd is the most likely. was a candidate. ”
Years of bodybuilding experience brought Barrelchest Minerd back in the 1990s before he was seduced by former client Guggenheim CEO and co-founder Mark Walter, who ran the investment firm Liberty Hampshire. I left the deal. Minerd joined shortly after the company was founded. Currently, he has over $285 billion in assets under management.
“Scott was a key innovator and thought leader who played a key role in developing Guggenheim Investments into the global business it is today,” said Walter in a statement. “He will be missed by all.”
(Updates with biographical details starting in the sixth paragraph.)
Bloomberg Businessweek’s Most Read Articles
©2022 Bloomberg LP