Skip to main content

The Globe and Mail

Claymore Investments seeking buyer, sources say

Som Seif, President and CEO, Claymore Investments, Inc., Toronto.

Claymore Investments, Inc.

Som Seif, chief executive officer of exchange-traded fund provider Claymore Investments Inc., would not confirm on Wednesday that his Toronto-based firm is on the auction block.

Citing sources, Bloomberg reported that Claymore's U.S.-based parent Guggenheim Partners LLC is seeking a buyer for its Canadian unit acquired two years ago, and that it has hired JPMorgan Chase & Co. and Royal Bank of Canada to handle the matter.

"We don't comment on rumours," Mr. Seif said in an interview.

Story continues below advertisement

Mr. Seif worked as an investment banker with RBC Dominion Securities before joining Claymore. The ETF provider had about $6.8-billion in assets under management as of Oct. 31.

Claymore is Canada's second largest ETF provider.

Report an error Licensing Options
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.