Wednesday, 22 October 2014
Last updated 17 hours ago
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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…