Direxion Names Eric Falkeis President, COO

Apr 8 2013 | 10:20am ET

Alternative investment specialist Direxion has named Eric Falkeis president and COO of Rafferty Asset Management, the advisor to Direxion Funds and Direxion Shares.

Falkeis comes to Direxion from US Bancorp Fund Services, where he was CFO and director of exchange-traded fund operations. In this capacity he worked closely with Direxion for more than a decade.

In his new post, Falkeis will report to Dan O’Neill, Rafferty CEO. As Rafferty’s first COO, Falkeis will work alongside O’Neill to oversee day-to-day business operations and lead strategic planning and business development efforts.

“Working closely with Direxion for 14 years gives me unique insights to help identify ways we can maximize the profitability and efficiencies of Direxion’s ETFs and mutual funds, while pursuing additional avenues for growth,” said Falkeis in a statement. “Direxion remains committed to maintaining and expanding its array of alternative investment strategies in order to help short- and long-term investors pursue healthy returns in both bear and bull markets.”
 


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of