Chicago-based Guggenheim Partners has launched Guggenheim Global Trading, a proprietary trading platform headed by managing partners Loren Katzovitz and Patrick Hughes. GGT, which will be based in Purchase, N.Y., is beginning with an initial target allocation of roughly USD500 million, which is expected to grow to USD2 billion over several years. “Legislative and regulatory changes globally have created a unique timing opportunity with regard to the availability of high-quality traders and trading groups,” said Hughes.
