SHE’S GONE GIRL
Guggenheim’s Court exits after long ‘sabbatical’
Alexandra Court has left the building.
The blonde-haired beauty, said to beat the center of a rift between the top brass at Guggenheim Partners, has left the giant moneymanager.
Court’s exit in April — which she announced on her new Web site, unveiled on Thursday — comes after a year-long sabbatical from the $305 billion asset manager.
In her most recent position at Guggenheim — global head of institutional distribu- tion — Court reportedly sparked some tension between Chief Executive Mark Walter and Chief Investment Officer Scott Minerd. The company denied any trouble between Walter and Minerd.
Guggenheim employees raised concerns about Court’ s April 2016 promotion. The promotion coincided with the firing of 22 members of the US distribution team, which irked members of Minerd’s circle.
Court assumed the job after a successful stint in Guggenheim’s European office, where she built the company’s business by raising $10 billion over five years, she said onher Website.
Employees also noted that Court, who is a UK citizen, lacked the necessary US securities licenses, according to a Financial Times report.
Nevertheless, Court last October, four months into what was supposed to be a three-month sabbatical, was negotiating an exit package that could have been worth $100 million, The Post, citing sources, reported at the time.
Court’s lawyer andthe firm denied any such negotiations.
A South African native, Court touts her 16 years of working in financial services and says she is now focused on “entrepreneurial and social impact interests” as a manager and consultant.
Court’ s tenure at Guggenheim also sparked rumor sofa close relationship with Walter. Court was living in a $13.5 million Pacific Palisades mansion purchased by a Walter- linked limited liability company.
“There is no nonbusiness relationship,” a Guggenheim spokesman said last fall. “But if there were, it was fully and promptly disclosed to the appropriate parties at Guggenheim, in accordance with established processes and procedures, which were then fully implemented, to avoid improper influence or favor.”
Free from Guggenheim, Court is now focused on “advising businesses on growth strategies and implementation plans,” she said on her Website.
Reps for Court did not respond to requests for comment.