Direxion Names Brian Jacobs President

Mar 31 2014 | 3:34pm ET

Fund management firm Direxion has tapped financial industry vet Brian Jacobs as president. 

Jacobs, with 25 years' experience in the global asset management industry, comes to Direxion from his own firm, Jacobs Strategic Consulting. Prior to founding his consultancy, he served as CEO of Hatteras Funds, a boutique alternative investment specialist which he joined after more than 18 years at two large asset management organizations—Eaton Vance and Allianz/PIMCO.

In his new role at Direxion, Jacobs will be based in New York and report to Direxion CEO Dan O’Neil. The hire follows the March 2013 addition of Eric Falkeis as chief operating officer at Direxion.

“We are very excited to work with an established industry leader like Brian, who has a proven track record of building successful asset management companies,” said O’Neill in a statement. “Given his broad experience in distribution and alternative investments, Brian’s expertise will prove invaluable in helping us enhance our capabilities and products to meet the rise in demand from both retail and institutional investors.”

Direxion Funds and Direxion Shares, managed by Rafferty Asset Management, offer leveraged index funds, ETFs and alternative-class fund products for investment advisors and sophisticated investors. Founded in 1997, the company has approximately $7.3 billion in assets under management as of December 31, 2013.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note