It's a sad turn of events on Wall
Street. Guggenheim Investments chief investment
officer Scott Miner died suddenly at the Age of 63 while he was doing a regular
workout at his home in Rancho Santa Fe. He died of a heart attack.
He was a legend. He rose to be a legend among bond
investors. He started his career at Early Heights
during his 20s when he started as a bond Salesman.
He worked at Merrill Lynch, Morgan Stanley, Credit Suisse First Boston, and
was brought out of early retirement in The late 1990s to work for a former
client. Mark Walter, who is a founder of
Guggenheim Partners. Scott really helped start and expand.
Guggenheim Investments, which rose to Become a two hundred eighty billion
dollar giant in the world of investing And fixed income.
He was known, though, for his bold Calls.
Sometimes he was right and sometimes he Was wrong.
During the Covid pandemic, he said that The S&P would fall as low as twelve
hundred, and even though the number was Wrong.
He was early among investors to see the Depths of the Covid crisis ahead of him
and put it in his portfolio both to the Downside as markets crash and the upside
as he benefited. As bonds rebounded when he looked at the
Federal Reserve's support for the Economy.
You also remember him for his Philanthropy, a huge supporter of
wildlife in the Arctic, as well as time Spent defending climate change and the
impacts it would have on the world, if Any, against climate change.
He was also a benefactor to Los Angeles's largest emergency shelter.
Scott Miner will be remembered by Guggenheim Investments, more than 900
employees, as well as his friends and Family.
