An investor group led by Guggenheim Global Trading management and Ares Management, L.P. (NYSE:ARES) agreed to acquire Guggenheim Global Trading from Guggenheim Partners, LLC on January 31, 2015. Post the acquisition, the new business will operate under the name of Deimos Asset Management. Deimos will retain the current senior management team of GGT, led by Loren Katzovitz and Patrick Hughes.

Mark Standish, former Co-Chief Executive Officer of RBC Capital Markets, will also join Deimos as a Managing Partner. The investor group announced that Deimos Asset Management will be supported by an equity investment from Ares Management LP. James Abbott, Nick Katsanos and Craig Sklar of Seward & Kissel acted as legal advisors to Guggenheim Global Trading.