Guggenheim Partners on Sunday said that it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission, Reuters reported. The statement followed a report in the <em>Wall Street Journal</em> that the company was asked to retain documents related to transactions involving a second company, ABS Capital Co LLC. The SEC is pursuing details on a real-estate transaction and other deals involving ABS Capital, which is owned by two former Guggenheim managers. Guggenheim has not been accused of wrongdoing. The investigation adds another headache for executives at the asset manager and investment bank, including Chief Executive Mark Walter, an owner and the chairman of the Los Angeles Dodgers baseball team, who have been working to quell clients’ concerns about continuing scrutiny by the SEC.
