Tuesday, 2 September 2014
Last updated 8 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...