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Investors Pull $2.4B From Guggenheim’s Biggest Bond Funds

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Story summary
  • U.S. investors withdrew $2.4 billion from Guggenheim Partners' four largest mutual funds in September.
  • The Guggenheim Total Return Bond Fund lost $1.8 billion, a 6.1% drop, leaving assets below $29 billion.
  • Investors also pulled $222.4 million, $317 million and $64.9 million from three other Guggenheim bond funds.
  • Federal prosecutors and the SEC are probing CEO Mark Walter’s insurance-company loans for possible disclosure violations.