The media attention has not deterred retail investors from investing with Guggenheim. The company posted a 55 percent organic growth rate in overall mutual fund assets under management this year, through October 31, according to research firm Morningstar Inc.
Their flagship Guggenheim Total Return Bond Fund recorded 6.17 percent returns this year, through December 12, beating 97 percent of peers, Morningstar said.
South Carolina Retirement System Investment Commission Chief Executive Officer Michael Hitchcock said Guggenheim's investors continue "to perform well ... despite distractions at the executive level.
"However, we have them on our internal watch list and continue to monitor them closely."
This article was provided by Reuters.