Arrow Funds has hired an ex-Direxion exec as its new national sales director. John Cadigan joins the firm in the title role. Cadigan was previously managing director and national sales manager for Direxion Funds.

He also spent time at Rydex Investments where he helped to establish the firm as an early entrant in the alternative investment mutual funds space.

Cadigan will focus on advisor relationships at Arrow Funds. "I'm excited to join the team and help deepen relationships within the advisor community through an emphasis on client needs and creative partnerships,” he said, in a statement.

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