Guggenheim Multi-Hedge Strategies P
RYMSX
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ROIC.AI
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- Guggenheim Multi-Hedge Strategies Fund Class P (RYMSX) is a multistrategy mutual fund that seeks long-term capital appreciation with lower volatility than traditional equity funds by pursuing multiple investment styles corresponding to prominent hedge fund strategies, including Global Macro, Merger Arbitrage, Long/Short Equity, Equity Market Neutral, and Managed Futures; the fund allocates assets dynamically among these alternative strategies and may invest in a subsidiary for derivatives exposure. Launched on September 19, 2005, and domiciled in the United States, the fund is advised by Security Investors, LLC, a Guggenheim Partners affiliate, with portfolio management led by Michael Byrum (since inception), Adrian Bachman (since March 2022), and John Marchelya (since August 2023); it is distributed by Guggenheim Funds Distributors, LLC, and available primarily to U.S. investors with a net expense ratio of 2.06% following contractual fee waivers through May 1, 2026. The fund maintains a diversified portfolio with significant cash holdings (approximately 59%), U.S. equities (26%), bonds, and limited non-U.S. exposure, benchmarked against the HFRX Global Hedge Fund Index. In recent developments, Guggenheim Investments announced the sale of its actively managed equity funds business to New Age Alpha, though RYMSX's alternative multi-hedge focus remains under Security Investors' management; the firm also expanded its private credit strategies with a $1.2 billion vehicle closing and bolstered its wealth channel salesforce amid broader growth in fixed income and alternatives. Headquartered through Guggenheim Partners in New York City with key operations in Rockville, Maryland (805 King Farm Blvd, Suite 600), the fund targets institutional and retail investors seeking hedge fund-like returns in a mutual fund structure.