Guggenheim Hires Wishengrad From Barclays for Asset-Backed Bonds

Guggenheim Partners LLC hired Barclays Plc (BARC)’s Cory Wishengrad as a senior managing director in its asset-backed debt group.

Wishengrad, who is based in New York, ran Barclays’s team responsible for deals linked to unusual collateral such as music royalties and franchise fees. He starts at Guggenheim Securities in February, said Thomas Mulligan, a spokesman for Guggenheim at Sitrick and Co.

Brandon Ashcraft, a spokesman for Barclays, declined to comment.

Issuance of what are known as esoteric transactions have been climbing with investors seeking out riskier debt as an alternative to yields that reached record lows while the Federal Reserve holds its interest-rate target near zero for a fifth year and funnels more than $3 trillion into the financial system.

To contact the reporter on this story: Sarah Mulholland in New York at smulholland3@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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