Margaux Misantone
About Margaux Misantone
Margaux Misantone is the Anti-Money Laundering (AML) Officer of Guggenheim Strategic Opportunities Fund (GOF) and the Chief Compliance Officer (CCO) for Security Investors, LLC and Guggenheim Funds Investment Advisors, LLC, with service in these roles since 2017 (AML) and 2018 (CCO). She is a Managing Director at Guggenheim Investments (since 2015) and was previously Assistant Chief Compliance Officer (2015–2018). Year of birth: 1978. As CCO, she reports to the Funds’ Boards on compliance and risk matters and supports Board oversight of Rule 2a‑5 valuation and derivatives programs, indicating deep involvement in governance and regulatory controls rather than operating or performance targets like TSR or EBITDA growth.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Security Investors, LLC; Guggenheim Funds Investment Advisors, LLC | Chief Compliance Officer | 2018–present | Leads the compliance program; provides quarterly/annual reports to Boards on adequacy/effectiveness of policies and procedures and supports risk oversight, valuation, and derivatives compliance frameworks. |
| Guggenheim Investments | Managing Director | 2015–present | Senior leadership role supporting enterprise compliance and governance across the Fund Complex. |
| Security Investors, LLC; Guggenheim Funds Investment Advisors, LLC | Assistant Chief Compliance Officer | 2015–2018 | Supported build-out and execution of compliance program prior to appointment as CCO. |
| Fund Complex (GBAB/GOF/GUG and other funds) | AML Officer | 2017–present | Oversees AML compliance across certain funds in the complex, enhancing regulatory controls and Board confidence in compliance risk management. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Security Investors, LLC (affiliate of Guggenheim Investments) | Chief Compliance Officer | 2018–present | Enterprise compliance leadership for adviser entity serving the Funds. |
| Guggenheim Funds Investment Advisors, LLC (Fund adviser) | Chief Compliance Officer | 2018–present | Adviser-level CCO; ensures adviser policies, valuation designee oversight, and derivatives risk program interface with Boards. |
Fixed Compensation
| Component | Status | Notes |
|---|---|---|
| Base Salary | Not disclosed | Fund officers receive no compensation from the Funds; compensation is paid by the adviser/sub‑adviser or affiliates, with no salary detail provided in GOF’s proxy. |
| Target/Actual Bonus | Not disclosed | No bonus disclosure at fund level; Board does not have a standing compensation committee. |
| Perquisites | Not disclosed | No perquisite detail disclosed for fund officers. |
| Pension/SERP | Not disclosed | Trustees/pension information is noted; no pension accruals for Trustees; officers’ benefits not disclosed. |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
The Board does not have a standing compensation committee and the proxy provides no performance-based incentive detail for fund officers.
Equity Ownership & Alignment
| Item | Value | Notes |
|---|---|---|
| Shares Outstanding (GOF) | 162,405,961 | As of record date Feb 14, 2025. |
| Officer Beneficial Ownership | Not disclosed (individual) | Only aggregate “Trustees and officers as a group owned <1%” is disclosed; no individual officer breakdown for Misantone. |
| Ownership % of Shares Outstanding | <1% (group) | Aggregate for Trustees and officers; individual % for Misantone not provided. |
| Vested vs. Unvested | Not disclosed | No equity grant structure disclosed for fund officers. |
| Options (exercisable/unexercisable) | Not disclosed | No options data provided in fund proxy for officers. |
| Pledging/Hedging | Not disclosed | No pledging/hedging disclosure for officers. |
| Stock Ownership Guidelines | Not disclosed | No guidelines presented for fund officers. |
Employment Terms
| Term | Detail |
|---|---|
| Appointment & Tenure | AML Officer since 2017; CCO of Security Investors, LLC and Guggenheim Funds Investment Advisors, LLC since 2018. |
| Officer Service Basis | Officers serve at the pleasure of the Board until successor is appointed or resignation/removal. Earliest appointment year listed per fund is shown in officer tables. |
| Contract Term/Expiration | Not disclosed in fund proxy; officers are employees of adviser/affiliates. |
| Auto-Renewal | Not disclosed. |
| Non-Compete/Non-Solicit | Not disclosed. |
| Garden Leave | Not disclosed. |
| Severance & Change-of-Control | Not disclosed; no accelerated vesting terms provided for fund officers. |
| Clawbacks | Not disclosed. |
| Reporting & Oversight | Boards meet at least quarterly with the Funds’ CCO; receive annual reports on adequacy and effectiveness of compliance policies and procedures; valuation oversight under Rule 2a‑5 and derivatives risk program under Rule 18f‑4 are Board‑supervised with the Adviser as valuation designee and DRM, interfacing with the CCO. |
Investment Implications
- Pay-for-performance visibility: There is no disclosure of salary, bonus, or equity awards for fund officers; GOF’s proxy explicitly states officers receive no compensation from the Fund, with pay at the adviser level. This limits analysis of compensation alignment and removes direct fund-level trading signals tied to executive incentives.
- Insider selling pressure: With only aggregate ownership for Trustees/officers (<1%), and no individual officer ownership or award vesting data, there is low visibility on potential selling pressure from officer holdings; absence of options/RSUs disclosures further reduces signal strength.
- Retention risk locus: Since employment and pay sit with the adviser/sub‑adviser (not the Fund), retention risk for Misantone affects the adviser’s compliance continuity rather than GOF’s direct P&L; investors should monitor adviser-level disclosures for leadership stability, regulatory exams, and compliance program updates.
- Governance and execution quality: Her long tenure as AML Officer and CCO aligns with the Board’s robust risk oversight cadence (quarterly sessions with the CCO; annual program effectiveness reviews), supporting operational resilience and regulatory conformity—key for a leveraged, multi‑asset closed‑end fund where valuation and derivatives oversight are material.
Overall, Margaux Misantone’s role is governance and compliance–centric with no fund-level compensation or equity disclosure, so investor-grade signals should focus on the stability and rigor of compliance frameworks and adviser-level continuity rather than traditional executive incentive alignment.
Sources
- GOF DEF 14A Proxy Statement (Feb 28, 2025): officer roles, governance, meetings, shares outstanding, group ownership, and Board committee structures.
- GOF DEF 14A Proxy Statement (Mar 3, 2023): historical Board/governance context.