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

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

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

 and by Anne Walsh, CIO of Guggenheim Partners Investment Management

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

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

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

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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