Direxion Funds said it is is making modifications to its line of “buy and hold” alternative strategies, effective February 1, 2012.

The provider of alternative mutuals funds said it would, among other items, change the benchmark index for its commodity fund to the Auspice Broad Commodity Index, as a way to improve the Fund’s risk and return profile.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.