FYI: U.S. securities regulators have opened an investigation into Guggenheim Partners LLC’s asset-management arm that includes questions about an $85 million home in Malibu, Calif., co-owned by Guggenheim Chief Executive Mark Walter, according to people familiar with the matter.
The Securities and Exchange Commission, three of these people said, has shown interest in that real-estate transaction and a series of other deals involving ABS Capital Co. LLC, a Miami firm owned by two former Guggenheim managers. ABS Capital and Walter co-invested in the Malibu property, spokesmen for ABS and Walter said last fall. A Guggenheim spokesman said in October that the real-estate deals weren’t funded by Guggenheim Partners.
Regards,
Ted
https://www.marketwatch.com/story/sec-investigating-guggenheims-asset-management-unit-2018-04-15/print
