Tony Davidow was named a managing director and portfolio strategist at mutual fund and exchange-traded fund manager Rydex SGI, confirmed spokeswoman Jeaneen Pisarra.
The position is new, focused on building up Rydex SGI’s ETF business. ETFs currently account for more than $6 billion of the firm’s roughly $23 billion in assets under management.
Mr. Davidow was an executive vice president and head of distribution at index-based alternative investment manager IndexIQ. Kevin DiSano, a senior vice president and national sales manager at IndexIQ, will assume Mr. Davidow’s responsibilities, said Mike MacMillan, a spokesman for IndexIQ.