Guggenheim Investment - Reputation, Pay, Experience

Has anyone worked there / able to share your experiences?

They spun off from Guggenheim Partners in 2011 and is their Asset Management arm. They appeared to have a wide range of products and considerable AUM ($200Bn+). There are quite a few threads here on Guggenheim Partners / Securities - a mid tier IB, but not much info on their AM arm.

Are they considered a mid-market fund house?

What are the exit opportunities after working as institutional sales in such firm?

Would appreciate any kind help.

 
Best Response

IMO, Guggenheim is a reputable fixed income shop - some may consider them boutique-ish given their preference for structured products, but they do have over $200bn under management, so not a small place by any means. They invest in a lot of structured products (ABS, CLO, etc.), so your work is a bit more unique and interesting albeit niche-y. In terms of Front Office, their credit research group is the top paying best place to be, then they have portfolio management teams that pool the research team's credits into client portfolios. Personally, I respect their CIO Scott Minerd quite a bit and I'd say they are better at spreading themselves across the entire credit spectrum (rather than investment grade only) than some bigger name traditional fixed shops.

In terms of culture, having not worked there I can't say vouch for this, but I've been told the culture is long hours, people historically have been a bit rough around the edges and they have some internal political issues at the top particularly from the non-AM side... but I like them and they have done well. Hope that sheds a bit of color.

 

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