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NEW YORK, Feb. 06, 2018 -- Guggenheim Partners today agreed to transfer its Quantitative Investment Strategies (“QIS”) unit to Dr. Marcos Lopez de Prado, who built that business and its technology as a Senior Managing Director of Guggenheim. QIS has developed a cutting-edge proprietary approach to manage portfolios of investment grade bonds that seeks to produce superior risk-adjusted returns. After two and a half years of consistent performance, Dr. Lopez de Prado is leaving Guggenheim to start his own business.
Dr. Lopez de Prado is a leading expert in mathematical finance. Dr. Lopez de Prado built QIS from scratch, and assembled a team of professionals responsible for up to $13 billion in assets under management. Guggenheim is pleased that the business will continue to thrive and prosper under Dr. Lopez de Prado's leadership, and that he and his team will carry forward the work of the QIS group.
Dr. Lopez de Prado and Guggenheim have resolved a dispute over the ownership of certain intellectual property -- some of which was developed by Dr. Lopez de Prado during his time at Guggenheim. A lawsuit briefly on file dealt with this issue, and the parties have resolved their dispute amicably, and mutually agreed to dismiss the suit.
We look forward enthusiastically to working with Dr. Lopez de Prado and his colleagues as they build their new firm to make their technologies more widely available.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm with more than $305 billion1 in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With over 2,300 professionals based in more than 25 offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We invite you to learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.
1Assets under management are as of 12.31.2017 and include consulting services for clients whose assets are valued at approximately $66bn.
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Mike Sitrick
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