When I wrote the introduction for last year’s Impact Report, we all faced a global health crisis and an uncertain economic future. Since then, the world has witnessed veritable miracles in medical science, and parts of the economy have started to navigate a potential path for recovery. While there continue to be significant challenges to stability and equality for all parts of society, the innovation and agility that we witnessed this past year give me hope in our capacity to make a collective positive impact in the world.
Welcome
Peter Lawson-Johnston II
Managing Partner
Impact by Numbers
participation in 2020 Giving Tuesday campaign, supporting 1,200+ charities
of employees’ charitable gifts matched in 2020 and 2021
Firmwide engagement with Corporate Social Responsibility in 2020
volunteered by Guggenheim employees
in 2020 and 2021
Corporate Social Responsibility engagement opportunities in 2020 and 2021
contributed to charitable organizations in 2020 and 2021
$7.5 million
200+
$540K
91%
7,300 hours
95%
Guggenheim Community Impact
Annual Diversity Summit Promotes Social Justice and Gender Equity
Connecting Employees to Each Other Online
Celebrating Our Diversity
Sustaining Our Commitment to Investing in Social Innovation
Keeping Our Eye on the Prize With Sustainability Quotient Research
Perseverance
Connectivity
Adaptation
Our Stories of Impact
At Guggenheim Partners, we view the concept of impact through a lens of innovation that surveys how our values positively affect our business, our people, and our community. The disruption of the COVID-19 pandemic in 2020 and 2021 refocused the world on issues central to the role we perform for clients as well as for the communities in which we work and live. This edition of the Guggenheim Partners Impact Report adopts that shift in perspective by taking a new look at the ways in which the firm and our people adapt, connect, and persevere through the most uncertain of times.
ABOUT US
GUIDING PRINCIPLES
About Us
Guiding Principles
We strive to create opportunities with new approaches and resources.
Innovation
We do the right thing, for the right reasons.
Integrity
We pride ourselves on the quality of our work and seek to exceed expectations.
Excellence
We believe that great organizations are built by employing and partnering with the best and brightest people.
Talent
We believe in fostering individual creativity and a sense of ownership.
Entrepreneurship
We are dedicated to safeguarding the capital and trust of our clients, and advancing their best interests.
Stewardship
Still, this last year was hard for many of us and for the communities in which we work and live. While we all attempted to ameliorate the suffering and hardship around us, we understood that it was, and continues to be, an uphill battle that extends beyond basic science. A public health emergency can reveal a deeper societal issue, or even potential crisis, that hinders the good-faith exchange of ideas and threatens relationships we normally hold as immutable or sacred.
Those of us who were fortunate found strength and stability in family or close-knit communities. Something that my family has found useful in maintaining focus and unity is a “family council,” which centers the stewardship responsibility of burnishing the Guggenheim family name and, in a sense, brand. This stewardship responsibility includes our businesses, foundations, communities, and family. While embracing that responsibility, the council also commits to the continued personal and professional growth of each family member. Those two functions of the family council are inextricably linked. A shared mission and commitment, whether as family, colleagues, or community and business partners, can unlock tremendous potential and achievements for others and each individual, but only through empathy and respect.
We have an extraordinary opportunity to make a positive impact in the world. Our success in business allows us to collaborate with clients, business partners, and stakeholders in the community. Being deliberate and conscientious in how we leverage that success helps us contribute to the greater good and attain outcomes that are unreachable as individuals. In turn, that striving for a greater good reflects well on our business. I like to think of it as a virtuous circle.
Continue Reading
When I wrote the introduction for last year’s Impact Report, we all faced a global health crisis and an uncertain economic future. Since then, the world has witnessed veritable miracles in medical science, and parts of the economy have started to navigate a potential path for recovery. While there continue to be significant challenges to stability and equality for all parts of society, the innovation and agility that we witnessed this past year give me hope in our capacity to make a collective positive impact in the world.
Peter Lawson-Johnston II
Managing Partner
Still, this last year was hard for many of us and for the communities in which we work and live. While we all attempted to ameliorate the suffering and hardship around us, we understood that it was, and continues to be, an uphill battle that extends beyond basic science. A public health emergency can reveal a deeper societal issue, or even potential crisis, that hinders the good-faith exchange of ideas and threatens relationships we normally hold as immutable or sacred.
Those of us who were fortunate found strength and stability in family or close-knit communities. Something that my family has found useful in maintaining focus and unity is a “family council,” which centers the stewardship responsibility of burnishing the Guggenheim family name and, in a sense, brand. This stewardship responsibility includes our businesses, foundations, communities, and family. While embracing that responsibility, the council also commits to the continued personal and professional growth of each family member. Those two functions of the family council are inextricably linked. A shared mission and commitment, whether as family, colleagues, or community and business partners, can unlock tremendous potential and achievements for others and each individual, but only through empathy and respect.
We have an extraordinary opportunity to make a positive impact in the world. Our success in business allows us to collaborate with clients, business partners, and stakeholders in the community. Being deliberate and conscientious in how we leverage that success helps us contribute to the greater good and attain outcomes that are unreachable as individuals. In turn, that striving for a greater good reflects well on our business. I like to think of it as a virtuous circle.
It has been an abnormal year in so many ways. One difficulty has been remaining physically separated from each other in order to keep all of us safe. I recently had a conversation with the director of the Guggenheim Museum in New York about the future of the in-person museum experience and virtual art experience. I was struck by a message for his team that he shared with me when considering in-person and virtual experiences: Those two experiences need to complement each other. While the digital experience of artwork can reach a significantly larger audience, you need to bring people into the building to connect with them in a deeper and more meaningful way. Bringing people together, at some point in the future, still needs to be a shared goal for our business and our society if we are to have a genuine and empathetic exchange of ideas and viewpoints.
This edition of the Impact Report offers a new interactive experience compared to our previous editions. It showcases our innovative thinking, partnerships, and dialogues with our clients, community stakeholders, and our people on topics of sustainability, philanthropy, community, and diversity. To my colleagues who participated in the events, conversations, and work rendered in and behind the scenes of this report: Thank you for your contributions. You have my family’s gratitude.
On behalf of our Managing Partners and the other leaders at Guggenheim, we invite you to experience the report and look back at how we navigated the past year as we look forward to coming together, living our values, facilitating the free flow of ideas, and collectively making a positive impact.
Sincerely,
Welcome
ABOUT US
GUIDING PRINCIPLES
Continue Reading
Thank you to all of our employees, and their families, who stepped forward and gave back during our Guggenheim Community Impact campaigns. The CSR Team and Committee appreciate your continued commitment to making an impact in the communities in which we work and live.
Robert Rutkoff
Head of Corporate Social Responsibility
Guggenheim Community Impact (GCI) occurs in spring, summer, and fall of each year, engaging hundreds of employees in Guggenheim offices around the world. The month-long service campaigns strengthen Guggenheim’s dedication to transformative social change by maximizing the firm’s collective impact while promoting our principles of collaboration and stewardship across our communities and offices.
Guggenheim Community Impact
Perseverance
Connectivity
Adaptation
More than 1,250 employees participated in GCI campaigns in 2020 and 2021 primarily through a variety of virtual activities, such as attending speaker events featuring impactful nonprofit organizations, completing volunteer projects with family at home or with colleagues, participating in a “Go Green” sustainability challenge, and more.
Spring 2021
Summer 2020
Summer 2021
Guggenheim Partners Investment Management Becomes a PRI Signatory and Advances ESG Integration
Physician/Lawyer/
Bioethicist/Writer Jacob Appel Provides Interdisciplinary Perspectives on COVID-19
Black History Month Celebration Through the Lens of Social Entrepreneurship
Leveraging Pandemic Restrictions to Expand and Enhance the IM Summit
Wharton Professor Adam Grant Discusses Relationships
at Work
Guggenheim Investments Communication Response to the Pandemic
Employees Exhibit Creative Talents in
Online Journal of the Arts
A Conversation on Social Justice
With Professor Alvin Tillery
Work From Home Photo Gallery
The Two Impostors: Lessons Learned From the Biggest Fraud of all Time
Exploring Challenges for
Women of Color in the Workplace
Activist Helen Zia Discusses Anti-Asian Violence
Standing Together Against Racism, Intolerance, and Xenophobia
Guggenheim Investments Hosts
“A Conversation With Female Leaders”
Vendor Diversity Events Support
Our Commitment to Advancing Diverse Businesses
Supporting Veterans Through Our
‘Guggenheim Invests in Veterans Everyday’ Strategy
Pivoting the Business Model of Goal 17 Partners
Girls Leadership CEO on Raising Resilient Girls
We still have work to do, but the Sustainability Quotient is a critical step forward in the adoption of a set of consistent methodologies and metrics for sustainability measurement.
Jim Pass
Senior Managing Director and Head of Project Finance
Guggenheim Investments has been at the forefront of this undertaking. In 2018 we partnered with the World Wildlife Fund (WWF) and commissioned the Stanford Global Projects Center to identify and analyze infrastructure sustainability standards. This landmark study established a base from which we commissioned a series of three new infrastructure sustainability research reports to advance the adoption of common standards and measurement tools necessary to attract institutional investment in sustainable infrastructure. These three research reports, launched in September 2020, were conducted in collaboration with Tufts University, Global Infrastructure Basel Foundation, and KPMG, Mott MacDonald, and WWF.
The three studies examine infrastructure’s social impacts; test sustainability standards on two live projects; and evaluate the SuRE sustainability standard on one planned project. The three Sustainability Quotient research studies were completed and launched despite the challenges imposed by the pandemic and demonstrate our ability to maintain our long-term focus on achieving the SDGs even as the global COVID-19 response diverted the collective attention of the world to more immediately pressing related health and economic security concerns.
Sustainable infrastructure development is at the heart of achieving the United Nations Sustainable Development Goals (SDGs). Achieving the SDGs, which aim to improve conditions for our planet and its people, can only be achieved by executing capital projects such as roads, mass transportation hubs, water treatment and sanitation facilities, administration infrastructure, and more.
Keeping Our Eye on the Prize With Sustainability Quotient Research
Perseverance
Connectivity
Adaptation
The Guggenheim Pantry provides an informal online place for employees to connect on topics that go beyond the everyday work on which we collaborate together. Throughout the pandemic, the Guggenheim Pantry encouraged employees to connect on topics such as parenting, maintaining wellbeing, and caring for elderly parents and loved ones. This online community has allowed our people to share their stories as well as build connections and support systems with each other.
Connecting Employees to Each Other Online
Perseverance
Connectivity
Adaptation
Our diversity matters, and in order to become more culturally competent, it is critical to learn more about the experiences of those who are not like us, and to create spaces that encourage people to bring their best and whole selves. It is important to ensure that our employees, teams, and the firm take advantage of our differences in order to enhance our ability to innovate and deliver solutions to our workforce and our clients.
Charles Spearman
Head of the Office of Diversity and Inclusion
The annual summit provides employees with essential information for personal and professional development and for the advancement of diverse, equitable, and inclusive practices.
Annual Diversity Summit Promotes
Social Justice and Gender Equity
Perseverance
Connectivity
Adaptation
Perseverance
Connectivity
Adaptation
NSI is Guggenheim Partners’ biennial venture philanthropy strategy that identifies promising, early-stage organizations using innovative solutions to solve enduring social problems. Launched in 2016, NSI is built on the premise that Guggenheim can drive greater impact by partnering with early-stage nonprofits, since we are able to offer both meaningful financial contributions and significant capacity-building services to developing organizations.
In December 2020, Guggenheim selected five nonprofit organizations for NSI’s third cohort. The new partners were chosen following an extensive, eight-month evaluation process, which included reviewing 300 initial applications, engaging approximately 200 employees to complete over 1,000 evaluations, extensive due diligence of 10 finalist organizations, and the ultimate selection of the five partners. Guggenheim awards each new partner organization an initial gift of $100,000 and also engages our global “creative capital”—employees’ time, talent, and relationship networks—to provide support tailored to each organization’s needs.
In 2020, Guggenheim maintained its commitment to helping scale early-stage social ventures by selecting five new partner organizations for the Network for Social Innovation venture philanthropy initiative during a time when the philanthropic community was slowing down new partnerships amidst great global uncertainty.
Sustaining Our Commitment
to Investing in Social Innovation
Perseverance
Guggenheim’s five new NSI partners are:
Embarc, a provider of community-driven, experienced-based learning opportunities for low-income high school students and their teachers.
Start Small Think Big, a network for under-resourced entrepreneurs to receive pro bono legal, financial, and marketing services.
UPchieve, an on-demand tutoring platform for
low-income students to get free academic support when they need it.
Upsolve, a free web application to help families file for Chapter 7 bankruptcy so they can relieve their debt, rebuild their credit, and re-enter the economy.
VOCEL, a two-generation early learning accelerator program for young children and their caregivers in under resourced communities.
Connectivity
Adaptation
The spread of the coronavirus has had profound consequences for humanity and governments around the world, and the global policy response and the transformation of economic policy management will have long-term effects for all of us.
Scott Minerd
Chairman of Investments and Global CIO
Led by Global Chief Investment Officer (CIO) Scott Minerd, Guggenheim Investments provided analysis of macroeconomic and market data to help explain the health security and financial crisis as it was unfolding, as well as our opportunistic portfolio activities. Minerd informed our various constituencies on potential trouble spots and emerging market values via written commentaries, media appearances, and social media. In the first half of 2020, he published 14 CIO Outlooks directly related to these issues made 23 media appearances and tweeted 90 times. The firm also began publishing a weekly COVID-19 Monitor that tracks developments in the United States and around the world.
A few of the most notable CIO outlooks were released before the economic fallout COVID-19 brought about. Minerd’s foresight helped Guggenheim Investments to brace its portfolios for the oncoming recession. These early market predictions were laid out on February 13, 2020 in “Peace for Our Time,” February 27, 2020, in “Note to Clients: Market’s Infected by Coronavirus,” and again on March 9, 2020, in “The Butterfly Effect.” Minerd continued his streak of timely updates even through the heart of the crisis. Starting on April 5, 2020, he began informing clients of our shift to begin buying, and by June 8 he was providing updates on the Fed’s policy response to the crisis.
As the COVID-19 pandemic began, Guggenheim ramped up all channels of communications with clients and the broader financial industry to stay engaged and transparent with real-time views on the pandemic, the fiscal, monetary, and healthcare policy response, the impact on markets, and our investment strategy.
Guggenheim Investments Communication Response to the Pandemic
Perseverance
Connectivity
Adaptation
One of the long-term advantages of being a ‘giver’ at work is that you learn more than everyone else. All the time you spend trying to solve other people’s problems gives you more access to the organization’s problems that need solving and more insights into different kinds of solutions. It also motivates people to want to reciprocate towards you.
Adam Grant
Wharton Professor and bestselling author
Corporate Social Responsibility and the Office of Global Talent welcomed Wharton Professor and New York Times bestselling author Adam Grant to discuss key findings in his pioneering research on relationships at work. An organizational psychologist, Grant is a leading expert on how we can find motivation and meaning to live more generous and creative lives. He has been recognized as one of the world’s 10 most influential management thinkers.
Wharton Professor Adam Grant
Discusses Relationships at Work
Perseverance
Connectivity
Adaptation
Sharing in our successes, learning alongside one another, and creating goals for the future is what keeps Guggenheim prosperous.
Scott Minerd
Chairman of Investments and Global CIO
Due to pandemic-related lockdown restrictions, for the first time ever, the event took place virtually. But this example of adaptability was much more than just a matter of transitioning the same program to a virtual setting. The virtual experience of the 2020 Summit allowed for an expanded slate of internal presentations and external speakers, which were opened up to invited clients and prospects. External speakers included Nobel laureate Daniel Kahneman, General Stanley McChrystal, historian Niall Ferguson, and financial journalist James Grant. The virtual setting also enabled the entire firm to participate.
In September 2020, Guggenheim Investments held its 15th annual Investment Management Summit. The Summit brings together investment, client coverage, and business professionals from offices across the globe in order to strengthen connections across teams, discuss the current market and business environment, and help shape opportunities and goals for the future.
Leveraging Pandemic Restrictions
to Expand and Enhance the IM Summit
Perseverance
Connectivity
Adaptation
Social innovation is a win-win value proposition. With social innovation, you develop new, innovative ways to do things that create shared public value, and expand the pie for everyone.
Cheryl Dorsey
Echoing Green President
The discussion with Cheryl Dorsey, Echoing Green President, focused on the role that social entrepreneurship plays in achieving racial justice and equality. The event demonstrates Guggenheim’s commitment to providing employees with the opportunity to engage with community organizations that are pushing for change.
Black History Month Celebration
Through the Lens of Social Entrepreneurship
Perseverance
Connectivity
Adaptation
Discussion: Social Entrepreneurship for Black History Month
Jacob Appel
At the time of most of these crises, it felt like the world was ending and we would never get past them, but we did. I do not believe this pandemic is an outlier. History has proven that we manage to get past calamity very effectively, and in the future, we will view this as another tragedy that our population overcame.
Guggenheim Partners hosted a virtual event featuring Dr. Jacob Appel, who examined the COVID-19 pandemic through various perspectives. Appel discussed the long-term implications of the pandemic and social isolation, tragedies, and health crises that the population has overcome throughout history, and his appreciation for local heroes risking their lives today.
Perseverance
Connectivity
Adaptation
Physician/Lawyer/Bioethicist/Writer Jacob Appel
Provides Interdisciplinary Perspectives on COVID-19
An important milestone of this effort is that in 2020, Guggenheim Partners Investment Management, LLC (“GPIM”) became a signatory to the United Nations-supported Principles for Responsible Investment (PRI), the world’s leading framework to guide responsible investment. This milestone reinforces GPIM’s commitment to ESG considerations as an important component of its investment philosophy. By joining the global network of PRI signatories, GPIM has committed to the following six aspirational principles where consistent with our fiduciary responsibilities and our obligations to our clients.
Six PRI Principles:
Incorporate ESG issues into investment analysis and decision-making processes.
Be active owners and incorporate ESG issues into our ownership policies and practices.
Seek appropriate disclosure on ESG issues by the entities in which we invest.
Promote acceptance and implementation of the principles within the investment industry.
Work to enhance our effectiveness in implementing the principles.
Report on our activities and progress towards implementing the principles.
At Guggenheim, we believe that the consideration of Environmental, Social, Governance (ESG) criteria should be an important component of our investment philosophy and process. We believe that ESG criteria can influence investment outcomes, and that careful analysis of these criteria are a component in evaluating the risks associated with different investments.
Guggenheim Partners Investment Management Becomes a PRI Signatory and Advances ESG Integration
Perseverance
Connectivity
Adaptation
Contained within our commitment to sustainability is the
integration of ESG considerations into our investment process and business operations.
Scott Minerd
Chairman of Investments and Global CIO
It is important for allies to take measures not just one-on-one but also against systemic racism and oppression in the underpinnings of society including law enforcement, education, housing, and jobs. There are many solutions on a macro level that allies can be supportive of to help fight for Asian-Americans, including a number of bills in Congress.
Helen Zia
Author and activist
The firm organized this event to recognize the need to support and advance a culture of inclusivity and continue to enhance cultural competency at Guggenheim, particularly related to violence against the Asian American Pacific Islander community.
Activist Helen Zia Discusses Anti-Asian Violence
Perseverance
Connectivity
Adaptation
Guggenheim hosted a “Women of Color in the Workplace” panel discussion at which employees shared their career paths, barriers experienced as women of color, and strategies to foster a sense of belonging. The event demonstrates Guggenheim’s commitment to reinforcing our corporate culture and promoting employee connectivity.
Exploring Challenges for
Women of Color in the Workplace
Perseverance
Connectivity
Adaptation
Discussion: Women of Color in the Workplace
We are all stronger together, and I think it is so important that we continue to come together on important issues. We need to continue to have the difficult conversations on both sides of the equation and open our hearts and our minds to be active participants so that it is better for the people behind us.
Lisa Robinson
Managing Director
The session featured Senior Managing Directors Dean Keller, Laurie Coben, and Bill Ortner. During the crisis of 2001, Keller was Vice President in the North American Power Group at Citi, Coben served as America's Head of Power & Utilities and Co-Head of America's Energy & Power at Merrill Lynch, and Ortner was a Director in Corporate Equity Derivatives at Citi.
Three senior Guggenheim Securities Investment Bankers look back at their time as advisors during the collapse of Enron, discussing the importance of being willing to ask challenging questions, perform adequate due diligence, and voice concerns even in the face of enormous competitive pressures.
The Two Impostors: Lessons Learned From the Biggest Fraud of all Time
Perseverance
Connectivity
Adaptation
In an effort to promote connectivity and employee engagement while working remotely during the pandemic, Guggenheim launched a Work From Home Photo Gallery for our people to share photos on selected themes. While working remotely, employees shared photos of their at-home workspaces; their latest hobbies; and their new colleagues, including spouses, children, and pets.
Work From Home Photo Gallery
Perseverance
Connectivity
Adaptation
What I urge organizations to do is to create new structures to field the reality that we are living in a world where people of color are treated differently, as seen from a long history of intentional discrimination against those groups. We need to heighten our cultural competency and awareness of how we exist as moral units within a society that offers advantages to some groups over others. That can be done through building empathy, sharing narratives, as well as making investments to include minorities in these systems.
Alvin Tillery Jr.
Professor at Northwestern University
Guggenheim hosted virtual conversations addressing racial injustice and systemic biases with Professor Alvin Tillery Jr. of Northwestern University. The program was the first in a series of advanced learning opportunities focused on social justice.
A Conversation on Social Justice
With Professor Alvin Tillery
Perseverance
Connectivity
Adaptation
In 2021, Guggenheim published the second edition of Aubergine, an online journal of the arts featuring contributions from our employees. The journal provides employees with the opportunity to express themselves in many artistic disciplines and bring their whole selves to work. Guggenheim believes that employees’ ability to express their creative talents at work benefits the firm and our culture.
Employees Exhibit Creative Talents
in Online Journal of the Arts
Perseverance
Connectivity
Adaptation
Work Dynamics With Adam Grant
If you think about the pressures to be likeable, you realize how that expectation is entirely focused on what other people think of you. You can see why Girls Leadership has a mission to equip girls with the power to use their voice, so that they do not give up their voice to the service and opinion of others.
Simone Marean
CEO and Co-Founder of Girls Leadership
As part of the firm’s summer Guggenheim Community Impact campaign, Corporate Social Responsibility and the Women’s Innovation and Inclusion Network hosted a conversation with Simone Marean, CEO and Co-Founder of Girls Leadership. Marean shared concrete tools for raising confident, courageous, and strong girls, and educated employees on the unique challenges that girls face in today’s complex society.
Girls Leadership CEO
on Raising Resilient Girls
Discussion: Raising Resilient Girls
Perseverance
Connectivity
Adaptation
Goal 17 Partners pivoted to a mostly virtual business model in 2020 and has accomplished a number of significant achievements:
Goal 17 Partners, and independent 501(c)(3) organization founded by Guggenheim, brings the spirit of collaboration to life through a robust calendar of events, a strong network of action-minded leaders, and accelerators that equip participants with the resources to integrate the sustainable development goals into their business models.
Pivoting the Business Model
of Goal 17 Partners
Perseverance
Connectivity
Adaptation
Goal 17 Partners also:
Dina DiLorenzo: Operating Through – and Beyond – the Crisis
Fireside Chat with Scott Minerd and Mike Milken
Four panels during the World Bank/IMF Spring meetings, including one on Innovative Partnerships, at which Senior Managing Director and Head of Asia Business Management Michael Perkinson spoke.
A series of curated interviews with leaders on sustainable development and the Goal 17 Partners network.
Collaboration with partners to engage our networks strategically, such as a May series with the Milken Institute including a panel on sustainable and innovative finance with Jim Pass; a fireside chat with Scott Minerd and Mike Milken; a June panel within the UN Global Compact Leaders’ Summit on Sustainability Leadership in Japan in a COVID-19 World with Atsuhito Sakai from Guggenheim’s Japan office.
A series designed for an Asian audience in collaboration with Guggenheim’s Japan office and other partners in the region.
Solidified a partnership with the Bill and Melinda Gates Foundation, including financial support for a project that resulted in a landscape assessment of the organizations that work with the private sector on global health and sustainable development and a playbook to build more effective partnerships with the private sector, and produced monthly newsletters highlighting innovative solutions and partnerships.
Guggenheim supports veterans through the firm’s veterans initiative, Guggenheim Invests in Veterans Everyday (GIVE), which seeks to address the needs of veterans through career development opportunities, employee engagement, partnerships with veterans service organizations, and veterans recruitment efforts, such as Guggenheim’s Veterans Transition Assistance Program (VTAP).
Supporting Veterans Through Our
‘Guggenheim Invests in Veterans Everyday’ Strategy
Perseverance
Connectivity
Adaptation
Guggenheim’s VTAP provides Veteran Associates and Guggenheim employees with the opportunity to share their unique talents and to learn from each other’s diverse experiences and skill sets, which is beneficial to both the participating veterans and Guggenheim’s businesses and culture.
Guggenheim Hosts Veteran Associates as Part of Annual Veterans Transition Assistance Program
For Guggenheim, the program provides access to an extremely undervalued asset class, our veterans, and provides our firm with the opportunity to train and mold these exceptional candidates into successful members of the financial industry. For me personally, I take pride in mentoring these veterans, with the primary purpose of helping them to achieve their career goals.
John Calabrese
Senior Managing Director
Guggenheim’s Veterans Appreciation Event celebrates the contributions and sacrifices by men and women who have served in uniform and highlights the valuable traits, abilities, and qualities that veterans bring to the workforce. Guggenheim Partners hosted its eighth annual Veterans Appreciation Event, which featured Nigel Jones, former Marine Corps commissioned officer and partner at Fort Greene Partners, a certified minority business enterprise. Jones discussed his transition into the corporate world and financial services from his military service.
Former Marine Corps Officer Discusses Service at Annual Veterans Appreciation Event
Serving in the military will always present experiences that challenge you, and the skills you learn through overcoming those challenges provide us veterans with an advantage in transitioning to the civilian workforce. Additionally, finding mentors and sponsorship was incredibly helpful during my transition and continues to be a valuable component to my success at Guggenheim.
Robert Ramirez
Guggenheim Securities Vice President and former Naval Officer
Rob DiGiaro
Chief Procurement Officer
It was great to participate in this virtual session with minority business entrepreneurs and provide guidance on how they can continue to expand their client base.
At the height of the pandemic, and with an uncertain economic landscape, Guggenheim convened small and diverse business enterprises to share resources and advice focused on business strategies and retaining clients.
Vendor Diversity Events Support
Our Commitment to Advancing Diverse Businesses
Perseverance
Connectivity
Adaptation
Adaptation
Helping our people adapt to a transformed landscape at work and home through education, forums, and volunteering.
Connectivity
Keeping our people connected to each other and to our firm through engagement opportunities and celebrations of our culture.
Perseverance
Supporting our people through the various challenges that arose throughout the pandemic and providing them with the resources they needed to persevere personally and professionally.
Perseverance
Connectivity
Adaptation
Supporting our people through the various challenges that arose throughout the pandemic and providing them with the resources they needed to persevere personally and professionally.
Keeping our people connected to each other and to our firm through engagement opportunities and celebrations of our culture.
Helping our people adapt to a transformed landscape at work and home through education, forums, and volunteering.
Scott Minerd appeared on CNBC in February 2020 to warn of the potential market and economic threats of the Coronavirus
Fireside Chat With Anne Walsh
Figures are as of 8.31.2021
*Assets under management are as of 09.30.2021 and include consulting services for clients whose assets are valued at approximately $78bn.
We are proud to celebrate the diverse backgrounds and cultures of our people by recognizing various awareness months including Black History Month, Women’s History Month, Asian Pacific American Heritage Month, Pride Month, Hispanic Heritage Month, and National Disability Employment Awareness Month.
The firm’s heritage month celebrations provide us with the opportunity to reflect, educate, and inform as well as to recognize our colleagues for their dedication and contributions.
Celebrating Our Diversity
As part of Guggenheim’s Pride Month celebration, the firm hosted a conversation with Robyn Streisand, leader in the LGBT community and CEO of The Mixx and Titanium Worldwide and Jonathan Lovitz, Senior Vice President of the National LGBT Chamber of Commerce.
Pride Month
Guggenheim hosted a virtual fireside chat with professor, author, and President of Queens College (City University of New York) Frank Wu who discussed his personal experiences growing up as an Asian-American and how to address issues of racism and discrimination.
Asian Pacific American Heritage Month
Guggenheim hosted a conversation with Lori Locust, National Football League Assistance Defensive Line Coach for the Super Bowl winning Tampa Bay Buccaneers. Locust provided insight on perseverance and determination as a female professional in the male-dominated sports industry.
Women’s History Month
In celebration of Black History Month, Guggenheim hosted a conversation with Cheryl Dorsey, Echoing Green President and an accomplished leader who has served in two presidential administrations.
Black History Month
Sandy Choi
Head of Investment Planning
A strong leader possesses a high decency quotient (DQ). A person’s decency quotient encompasses things like integrity and compassion as a leader, and while DQ is a recent development in leadership evaluation, it is embedded in the fabric of Guggenheim as a fiduciary to our clients.
The panel discussion was a part of Guggenheim’s continuing effort to promote the participation and advancement of women in financial services.
Guggenheim Investments Hosts
“A Conversation With Female Leaders”
Perseverance
Connectivity
Adaptation
We must continue our commitment to do more, both in our personal lives and within our firm, to push for and support positive changes.
Standing Together Against Racism, Intolerance, and Xenophobia
Perseverance
Connectivity
Adaptation
Guggenheim’s Senior Leadership
As a firm, as colleagues, as friends, and as neighbors, we will continue to work together to achieve a more equitable, respectful, and peaceful future. During this challenging and difficult time, the firm recognizes the need to support and advance a culture of inclusivity and reaffirm our principles that unite all of us as a community and as a society.
Past performance does not guarantee future results. Investing involves risk, including the loss of principal.
Disclosures
This disclaimer applies to the entirety of this document and any attachments hereto. The information presented herein has been prepared for informational purposes only and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or fund interest and may not be relied upon in connection with the purchase or sale of any security.
© 2021 Guggenheim Partners, LLC. All Rights Reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC. No part of this document may be reproduced, stored, or transmitted by any means without the express written consent of Guggenheim Partners.
To learn more about our businesses and culture, visit GuggenheimPartners.com
To learn more about our businesses and culture, visit GuggenheimPartners.com
Guggenheim Partners is a global investment and advisory firm with more than $330 billion* in assets under management and a track record of delivering results through innovative solutions. Our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We help governments, institutions, and individuals address complex financial challenges, identify opportunity, and achieve their long-term objectives. We deliver value through two primary businesses:
Premier asset manager and investment advisor with expertise in fixed income, equity, alternatives, and advisory solutions
Investments
Full-service investment banking and capital markets capabilities including advisory, financing, sales and trading, and research
Securities
Standing Together Against
Racism, Intolerance, and Xenophobia
Guggenheim Investments Hosts
“A Conversation With Female Leaders”
Vendor Diversity Events Support Our Commitment to Advancing Diverse Businesses
Supporting Veterans Through Our
‘Guggenheim Invests in Veterans Everyday’ Strategy
Pivoting the Business Model of Goal 17 Partners
Girls Leadership CEO on Raising Resilient Girls
Employee Exhibit Creative Talents in Online Journal of the Arts
A Conversation on Social Justice With Professor Alvin Tillery
Work From Home Photo Gallery
The Two Impostors:
Lessons Learnerd From the Biggest Fraud of all Time
Exploring Challenges for Women of Color
in the Workplace
Activist Helen Zia Discusses Anti-Asian Violence
Guggenheim Partners Investment Management Becomes a PRI Signatory and Advances ESG Integration
Physician/Lawyer/Bioethicist/Writer Jacob Appel Provides Interdisciplinary Perspectives on COVID-19
Black History Month Celebration Through the Lens of Social Entrepreneurship
Leveraging Pandemic Restrictions to Expand and Enhance the IM Summit
Wharton Professor Adam Grant Discusses Relationships at Work
Guggenheim Investments Communication Response to the Pandemic
Sustaining Our Commitment to Investing in Social Innovation
Celebrating Our Diversity
Annual Diversity Summit Promotes
Social Justice and Gender Equity
Connecting Employees to Each Other Online
Keeping Our Eye on the Prize
With Sustainability Quotient Research
Guggenheim Community Impact
Our stories of impact showcase the many ways
our people and firm have adapted, connected, and persevered over the course of the pandemic.
Our Stories of Impact
At Guggenheim Partners, we view the concept of impact through a lens of innovation that surveys how our values positively affect our business, our people, and our community. The disruption of the COVID-19 pandemic in 2020 and 2021 refocused the world on issues central to the role we perform for clients as well as for the communities in which we work and live. This edition of the Guggenheim Partners Impact Report adopts that shift in perspective by taking a new look at the ways in which the firm and our people adapt, connect, and persevere through the most uncertain of times.
GUIDING PRINCIPLES
ABOUT US
Standing Together Against Racism, Intolerance, and Xenophobia
Perseverance
Guggenheim Investments Hosts “A Conversation With Female Leaders”
Connectivity
Vendor Diversity Events Support Our Commitment to Advancing Diverse Businesses
Perseverance
Supporting Veterans Through Our ‘Guggenheim Invests in Veterans Everyday’ Strategy
Connectivity
Pivoting the Business Model of Goal 17 Partners
Adaptation | Perseverance
Girls Leadership CEO
on Raising Resilient Girls
Connectivity
Employees Exhibit Creative Talents in Online Journal of the Arts
Connectivity
A Conversation on Social Justice With Professor Alvin Tillery
Adaptation
Work From Home Photo Gallery
Connectivity
The Two Impostors: Lessons Learned From the Biggest Fraud of all Time
Perseverance
Exploring Challenges for Women of Color in the Workplace
Connectivity
Activist Helen Zia Discusses Anti-Asian Violence
Perseverance
Guggenheim Partners Investment Management Becomes a PRI Signatory and Advances ESG Integration
Connectivity
Physician/Lawyer/
Bioethicist/Writer
Jacob Appel Provides Interdisciplinary Perspectives on COVID-19
Perseverance
Black History Month Celebration Through the Lens of Social Entrepreneurship
Connectivity
Leveraging Pandemic Restrictions to Expand and Enhance the IM Summit
Adaptation
Wharton Professor Adam Grant Discusses Relationships at Work
Perseverance
Guggenheim Investments Communication Response to the Pandemic
COnnectivity
Sustaining Our Commitment
to Investing in Social Innovation
Perseverance
The annual summit provides employees with essential information for personal and professional development and for the advancement of diverse, equitable, and inclusive practices.
Annual Diversity Summit Promotes Social Justice and Gender Equity
Adaptation
Workout Motivation
Emotional Repsonses to Caregiving in a Pandemic
Caring for a Parent
Connecting Employees to Each Other Online
Connectivity
Keeping Our Eye on the Prize With Sustainability Quotient Research
Perseverance
Guggenheim Community Impact
Adaptation
When I wrote the introduction for last year’s Impact Report, we all faced a global health crisis and an uncertain economic future. Since then, the world has witnessed veritable miracles in medical science, and parts of the economy have started to navigate a potential path for recovery. While there continue to be significant challenges to stability and equality for all parts of society, the innovation and agility that we witnessed this past year give me hope in our capacity to make a collective positive impact in the world.
Welcome
We strive to create opportunities with new approaches and resources.
Innovation
We do the right thing, for the right reasons.
Integrity
We pride ourselves on the quality of our work and seek to exceed expectations.
Excellence
We believe that great organizations are built by employing and partnering with the best and brightest people.
Talent
We believe in fostering individual creativity and a sense of ownership.
Entrepreneurship
We are dedicated to safeguarding the capital and trust of our clients, and advancing their best interests.
Stewardship
Guiding Principles
About Us
Guggenheim Partners is a global investment and advisory firm with more than $330 billion* in assets under management and a track record of delivering results through innovative solutions. Our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We help governments, institutions, and individuals address complex financial challenges, identify opportunity, and achieve their long-term objectives. We deliver value through two primary businesses:
*Assets under management are as of 9.30.2021 and include consulting services for clients whose assets are valued at approximately $78bn.
Premier asset manager and investment advisor with expertise in fixed income, equity, alternatives, and advisory solutions
Investments
Full-service investment banking and capital markets capabilities including advisory, financing, sales and trading, and research
Securities