Lawfuel – The Legal Newswire – New York – June 28, 2007 – Debevoise & Plimpton LLP is advising Security Benefit in its definitive purchase agreement to acquire Rydex Investments. The combined organization is expected to represent roughly $35 billion in assets under management, and $52 billion of assets under administration at closing.
Security Benefit, through its subsidiaries, has just under $20 billion in assets under management and provides individual and employer-based retirement programs as well as institutional investors with a diverse array of investment options. Rydex Investments manages nearly $15 billion in assets via more than 80 mutual funds, exchange traded products and institutional products. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Robert F. Quaintance, Jr. and includes partners Kenneth J. Berman, Andrew N. Berg, Lawrence K. Cagney, counsel Alicia C. McCarthy and associates Jeffrey E. Ross, Ilana Blass, Michelle Koch, Adam S. Reuben, Amanda M. Roberts and Molly F. Stockley.
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