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: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...