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.”

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