Guggenheim Partners LLC, the money manager that has been expanding in insurance, named Tony Minella to oversee a $10 billion portfolio at a life unit, according to a person familiar with the assignment.
When Mark Walter, the chief executive officer of Guggenheim Partners LLC, ran Chicago investment firm Liberty Hampshire Co., a junior associate asked in 1996 why he decided to accept money from outside investors.
Until April 2011, Patrick “Pete” Dodd, a former money manager at Liberty Life Insurance Co. in Greenville, South Carolina, invested customer premiums in what he calls a “squeaky clean” portfolio: bonds backed by state governments and blue chip corporations.
The U.S. Supreme Court bolstered Monsanto Co.’s ability to control the use of its genetically modified seeds, ruling that companies can block efforts to circumvent patents on self-replicating technologies.
Basketball Hall of Fame member Magic Johnson and a group of investors that includes Guggenheim Partners Chief Executive Officer Mark Walter won the auction for the bankrupt Los Angeles Dodgers with a bid of more than $2 billion, doubling the previous record amount paid for a major U.S. professional sports franchise.
Guggenheim Partners LLC hired Barclays Plc’s Andrew Taussig, the London-based bank’s head of investment banking for retail companies, according to a regulatory filing and people familiar with the move.