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My bad. Rydex, the innovative mutual fund and ETF provider, was yesterday sold to Security Benefit, a privately-held company based in Topeka, Kan. Not, as NakedShorts vaingloriously, recklessly and wrongly predicted Jun. 12, to E*Trade. The price was not disclosed.
In an 8K filing with the US Securities and Exchange Commission, NakedShorts Corp (OTC BB: RONG (Related) ) today announced that A. Formally Reliable Sauce, vice president (unsubstantiated rumors), was terminated for cause and has left the company.
Sauce, who is understood to have last been seen in the vicinity of the new Yankee Stadium project, could not be reached for for comment.
[UPDATE (Jun. 29)--In post haste, NakedShorts inadvertently omitted a forelock-tug in the general direction of Mutual Fund Wire , and reporter Erin Kello, who named Security Benefit as the buyer (Related) in April. So, forelock tugged.]
Security Benefit Acquires Rydex Investments (Related)
Press release Jun. 28 2007
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