Guggenheim Partners Appoints Three New Managing Partners

    NEW YORK, June 5 /PRNewswire/ -- Guggenheim Partners is pleased to
 announce the appointment of three new Managing Partners: Loren M. Katzovitz,
 Kevin A. Felix and Patrick Hughes.  Mr. Katzovitz also has been appointed to
 the position of President of Guggenheim Partners.  In their new positions,
 Messrs. Katzovitz, Felix and Hughes will be principally responsible for the
 firm's global investment advisory and management businesses.
     Formerly, Mr. Katzovitz was the head, and Messrs. Felix and Hughes were
 managing directors, of Royal Bank of Canada's Alternative Assets Group in New
 York where they managed more than US$4 billion of alternative asset
 investments for the bank, high net worth individuals and institutional
 investors.
 
     About Guggenheim Partners:
     Guggenheim Partners is a private investment firm owned by the Guggenheim
 family and several private investors.  The firm provides discrete investment
 management and advisory services to select clients throughout the Americas,
 Europe and Asia.  Currently, Guggenheim Partners and its affiliates provide
 management and advisory services on traditional and alternative assets in
 excess of US$70 billion.  The firm has offices in New York, Chicago, Los
 Angeles, Miami, London and Madrid.
 
      Contact Information:
 
      Media inquiries may be directed to Mr. Steven Bruce or Mr. Edward Rowley
 of The Abernathy MacGregor Group Inc. (212) 371-5999.
 
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SOURCE  Guggenheim Partners