The firm announced the launch of the Rydex|SGI Event Driven and Distressed Strategies Fund (RYDSX, H-Share Class); Rydex|SGI Long Short Interest Rate Strategy Fund (RYBUX, H-Share Class); Rydex|SGI Long Short Equity Fund (RYJLX, H-Share Class); and Rydex|SGI Alternative Strategies Fund (RYETX, H-Share Class).  

According to the announcement, the Rydex|SGI Event Driven and Distressed Strategies Fund offers investors an opportunity to profit during a variety of market cycles. The strategy, which may help diversify an equity allocation in an investment portfolio, aims to exploit pricing inefficiencies or premiums that may occur as a result of corporate mergers and acquisitions, as well as bankruptcies and financial restructurings.  

The actively-managed Rydex|SGI Long Short Interest Rate Strategy Fund is geared toward helping investors profit during falling, rising or flat interest rate environments. This fund aims to take advantage of short-term movements in U.S. Treasury prices and may be used to diversify a core fixed-income allocation.  

The Rydex|SGI Long Short Equity Fund provides an opportunity to capture returns on both rising and falling equity movements, and the Rydex|SGI Alternative Strategies Fund provides exposure to a benchmark that corresponds to the performance of a broad range of hedge fund alternatives.