Rafferty Asset Management, advisor to Direxion Funds and Direxion Shares, has hired a chief operating officer and president. Eric Falkeis joins the firm in the newly created role with a mandate for growth.

He will focus on growing the firm’s non-leveraged, strategic index-based ETFs and its alternative strategy mutual fund lineup, in addition to exploring other expansion opportunities, and report to Dan O’Neill, chief executive officer of Rafferty.

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.