Scott Minerd, global chief investment officer at investment and advisory firm Guggenheim Partners and a prominent Wall Street bond investor, has died, his firm said on Thursday.
Minerd, 63, suffered a heart attack during his regular workout on Wednesday, the company said in a statement.
"Scott was a key innovator and thought leader who was instrumental in building Guggenheim Investments into the global business it is today. He will be greatly missed by all," Mark Walter, chief executive and a founder of Guggenheim Partners, said in the firm's statement. Minerd was regarded in the past few years as one of the U.S. "bond kings," along with Jeffrey Gundlach, chief executive of DoubleLine, and Dan Ivascyn, chief investment officer of bond giant PIMCO.
Prior to joining Guggenheim, Minerd held fixed-income trading and risk management roles at financial firms including Credit Suisse First Boston and Morgan StanleyHe was a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, a forum for discussions on financial, economic and public policy issues.
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