Scott Minerd, Guggenheim's chief investment officer, dies at 63

Scott Minerd, the financial leader of the Guggenheim partners who became one of the kings of bonds in recent decades

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Minerd died Wednesday at his home in Rancho Santa Fe, Calif., after suffering a heart attack sometime during his regular workout

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Guggenheim Investments will continue to be led by co-chairs Dina DiLorenzo and David Rone

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and by Anne Walsh, CIO of Guggenheim Partners Investment Management

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"Scott's colleagues at Guggenheim, as well as the many colleagues Scott recruited to Guggenheim

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with whom he worked and mentored over the years, mourn the loss of him,"

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the company said in its announcement. "Guggenheim financial professionals, in honor of Scott

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will celebrate each day the use of techniques and procedures that Scott helped develop to manipulate the portfolios of Guggenheim consumers."

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