Rydex Investments Accepts Purchase Offer

Rydex Investments, a Rockville-based investment management company, has agreed to be acquired by Security Benefit, a Topeka, Kan.-based asset manager, the companies said in a statement today. Terms of the transaction were not disclosed.

Rydex manages nearly $15 billion in assets through more than 80 mutual funds and exchange-traded products. Security Benefit plans to operate Rydex as a separate line of business, keeping both current the management team and the Rockville location. The firms expect the deal to close in the fourth quarter.

By Mike Shepard  |  June 28, 2007; 2:34 PM ET  | Category:  Finance
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