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Guggenheim Partners executive leaves

Alexandra Court, a distribution executive at Guggenheim Partners LLC, left the company after being on sabbatical for a year, Reuters reported, citing confirmation from a Guggenheim representative.

Guggenheim's spokesman described Court's departure as a resignation, according to the news outlet.

Court, who joined Guggenheim in 2010, was later appointed as global head of institutional distribution, which resulted in the termination of 22 employees and a rift with Scott Minerd, chief investment officer at Guggenheim, over relationships with clients, the newswire wrote.

In addition, Guggenheim employees complained that Court lacked the relevant U.S. securities licenses, the news outlet reported, citing earlier media reports.

Court is also a part of the SEC's investigation of Guggenheim's asset management unit in connection with a series of transactions involving ABS Capital Co. LLC, a company owned by former Guggenheim managers Pablo Stalman and Juan Ball, The Wall Street Journal reported April 15, citing unidentified sources.

The transactions include the purchases of an $85 million home in Malibu, Calif., and two other properties in Pacific Palisades. Guggenheim CEO Mark Walter and ABS Capital co-invested in the Malibu property. Court reportedly moved into one of the Pacific Palisades properties.