Potomac Funds has changed its name to Direxion Funds, as part of a new strategic plan.

"We are taking the company and the leveraged index and alternative-class mutual fund category in exciting new directions," said Ron Fernandes, the new CEO of Direxion Funds. "It is an important time to be in the leveraged index and alternative-class mutual fund market, to help investment advisors grow their businesses and to transition the entire sector from a small entrepreneurial segment of the fund universe to a professionally managed, well-recognized and fully utilized category."

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