Michael Megaris
About Michael Megaris
Michael P. Megaris is Assistant Secretary of Guggenheim Strategic Opportunities Fund (GOF) and a Managing Director at Guggenheim Investments. He has served as Assistant Secretary in the Guggenheim fund complex since 2014; year of birth is 1984, with the fund officers’ business address at 227 West Monroe Street, 7th Floor, Chicago, IL 60606 . Fund officers receive no compensation from the Funds; compensation, if any, is paid by the Adviser or its affiliates and is not disclosed in the GOF proxy . He has been designated on proxy cards as one of the individuals authorized to act as proxy at the annual meetings, underscoring his administrative role within the fund complex .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Guggenheim Strategic Opportunities Fund (GOF) | Assistant Secretary | Since 2014 | Administrative officer; designated as proxy signatory on annual meeting proxy cards |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Guggenheim Investments | Managing Director | 2012–present | Senior leadership at the Adviser; implies compensation determined by Adviser policies (not the Fund) |
Fixed Compensation
| Component | Amount/Status | Source |
|---|---|---|
| Compensation from GOF | None – “Fund officers receive no compensation from the Funds” |
Compensation specifics (base salary, bonus, equity awards) are not disclosed in GOF’s proxy for fund officers because they are paid by the Adviser or affiliates, not by the Fund .
Performance Compensation
No performance-based compensation is disclosed for fund officers at the Fund level; any incentive plans would be administered by Guggenheim Investments or affiliates and are not included in GOF’s proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Trustees and Officers (group) ownership | Less than 1% of outstanding shares as of Dec 31, 2024 |
| Section 16 reporting | All applicable insider filings completed timely for the most recent fiscal year |
Individual officer beneficial ownership, vesting schedules, pledging, and hedging policies for officers are not disclosed in GOF’s proxy. Trustee dollar-range holdings are disclosed but officer-level detail is not provided .
Employment Terms
| Term | Detail |
|---|---|
| Earliest officer appointment year | 2014 (Assistant Secretary) |
| Service term | Officers “serve at the pleasure of the Board” until a successor is appointed or until resignation/removal |
| Business address | c/o Guggenheim Investments, 227 West Monroe St., 7th Floor, Chicago, IL 60606 |
| Proxy designation | Named as proxy for GOF and affiliated funds’ annual meetings (2024, 2025) |
Investment Implications
- Pay-for-performance visibility is limited: Fund officers are not compensated by GOF, and Adviser-level compensation (salary, bonus, equity, and performance metrics) is not disclosed in the Fund’s proxy—impairing direct assessment of salary/bonus targets, PSU/RSU structures, or clawbacks at the individual level .
- Ownership alignment signals are weak at the Fund level: trustees and officers collectively own less than 1% of GOF, and officer-specific ownership, pledging, and hedging details are not provided—reducing clarity on skin-in-the-game and insider selling pressure .
- Administrative influence and continuity: Megaris’s long tenure (Assistant Secretary since 2014) and role as designated proxy reflect stable administrative engagement, but do not convey investment decision-making authority; governance or committee roles are not applicable as he is not a Trustee .
- Trading signals limited: With Section 16 compliance reported timely and no officer-level Form 4 detail in the proxy, there is insufficient disclosure to evaluate transaction-driven signals or vesting-related selling pressure for Megaris at the Fund level .
Bottom line: For compensation alignment, retention risk, and trading signals tied to Michael Megaris, relevant data resides at the Adviser (Guggenheim Investments), not in GOF filings. GOF’s proxy confirms his role, tenure, and that fund-level pay is zero, but does not provide the individual compensation structures, equity awards, or employment agreements necessary for a pay-for-performance analysis .