Friday, 24 October 2014
Last updated 15 hours ago
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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...