Scott Minerd Death: The investment and advising business Guggenheim Partners said on Thursday that Scott Minerd, its global chief investment officer, had passed away on Wednesday following a heart attack. The company said that Minerd had a heart attack while engaging in his routine exercise.
Minerd, 63, who spent 25 years with Guggenheim, became a well-known expert on the financial markets and was frequently cited in the media. At Guggenheim, he was also a managing partner. “Scott was a significant inventor and thinking leader who helped transform Guggenheim Investments into the multinational company it is today.
He will be sadly missed by all, according to Mark Walter, CEO and a founding member of Guggenheim Partners, who was quoted in the statement from Guggenheim. As CIO of Guggenheim, a company that oversees assets worth over $285 billion, Minerd handled client accounts in fixed-income and equities securities and directed investment strategies.
According to his LinkedIn page, Minerd formerly worked at financial institutions such as Credit Suisse First Boston and Morgan Stanley in fixed-income trading and risk management. He participated in debates on financial, economic, and governmental policy concerns at the Investor Advisory Committee on Financial Markets of the Federal Reserve Bank of New York.
“I am profoundly grieved to learn about @ScottMinerd’s death,” remarked billionaire investor William Ackman on Twitter. I only got to know him in the last five years, but he was brilliant. His word was his bond; he was a traditional handshake businessman. He was also really entertaining.
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Guggenheim claimed to have put in place a succession plan, with Anne Walsh, managing partner, and chief investment officer of Guggenheim Partners Investment Management, temporarily taking on several of Minerd’s duties. Scott Minerd’s loss will sadden Wall Street.
According to Jason Benowitz, senior portfolio manager of the Roosevelt Investment Group, he was one of the founders of an independent investment company that expanded internationally. In his position as a public figure, Scott was not hesitant to defy the norm. His opinions on the stock market were well-considered, backed up by evidence, and capable of igniting a more significant debate. We are all shocked by his loss, he remarked.
Frequently Asked Questions
How old is Scott Minerd?
Guggenheim Partners’ Chief Investment Officer Scott Minerd Passes Away at Age 63 – WSJ.
Was Scott Minerd a bodybuilder?
Minerd, a former bodybuilder in competition, joined Guggenheim shortly after it was established in 1999. He rose to prominence as a market commentator, issuing statements on macroeconomic trends that were closely watched by investors and followed by 169,000 people on Twitter.
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