Guggenheim Partners chief investment officer Scott Minerd is a financial-history buff with a record of making dramatic predictions. In 2005 he warned clients of a looming cataclysm, and then was buying bonds again by October 2008. Those calls have helped the firm — founded by the grandson of Solomon Guggenheim — increase assets to 2 billion at the end of 2011, from billion in 2007. Its fixed-income composite has returned an annualized 7.4% for the decade ended Dec. 31, ranking it in the top percentile of eVestment Alliance’s U.S. core fixed income. Now Minerd, 53, says bonds are headed for a long-term bear market. He spoke with Fortune from his offices in Santa Monica about the economic outlook, where he’s finding opportunities, and how his life has changed since a Guggenheim-led consortium reached a deal to buy the Los Angeles Dodgers.
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