3 August 2010
Guggenheim Partners and Security Benefit Corporation (Security Benefit) today announced the closing of the acquisition of Security Benefit by a Guggenheim Partners-led group of investors, after receiving required regulatory, policyholder and shareholder approvals. Security Benefit is 100% owner of Bennelong Funds Management's global equities manager, Security Global Investors (SGI).
As a result of the completion of the acquisition, Standard and Poor's and AM Best have upgraded their financial strength ratings of the Group. For more information, please review Security Benefit's media release.