Guggenheim CIO Scott Minerd Dies Suddenly: Report

Scott Minerd – Chief Investment Officer of global investment firm Guggenheim Partners – passed away on the morning of December 22 due to a heart attack. 

• As announced by Guggenheim on Thursday, Minerd’s “untimely” and “unexpected” heart attack occurred during one of his regular workouts.
• According to the statement, Minerd joined Guggenheim as a Managing Partner shortly after the company was formed. He was a frequent market commentator on both television and social media. 
• “I have known Scott for over 30 years and we were partners much of that time,” said Mark Walter, CEO and a Founder of Guggenheim Partners, on Minerd’s passing. “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. My deepest condolences are with his husband, family and loved ones,” he continued. 

• Minerd also offered frequent commentary on the crypto markets. Last week, he predicted that the fallout from FTX’s collapse is not yet over and that there will be a “washout” similar to the internet bubble. 
• In July, Minerd called for Bitcoin to drop as low as $15,000, which proved true in November.