7501 Wisconsin Avenue |
Suite 1000 - East Tower
Bethesda, MD 20814
Main Phone: 888-776-5717
Mutual Fund Brand(s)
ProFunds, ProShares [ETFs]
SEC Fund Filings by CIK
Founded in 1997 by Michael Sapir and Louis Mayberg, ProFunds started out as one of a handful of mutual funds firms specializing in leveraged and inverse products. (Sapir both previously worked with a similarly focused firm: Rydex.)
In June of 2006, the ProFunds team claimed an industry first with the launch of their first short and leveraged ETFs under their new ProShares affiliate. Sapir describes this as the beginning of the second phase of the company's history, and he notes that "ProShares quickly overtook ProFunds in size."
Phase three, Sapir says, began in 2015, when the ProShares team "got serious about offering buy-and-hold ETFs" (in contrast with most of the prior ProShares ETFs and ProFunds mutual funds, which were favored by active traders). In 2021, ProShares entered the thematic ETF space.
Chairman, CEO, Co-Founder, ProFunds Group
Co-Founder, ProFunds Group
Managing Member, Elkhorn Consulting, LLC
General Counsel, ProFunds Group
Chief Economist, ProFunds Group
Managing Director, Distribution, ProFund Advisors, LLC
Managing Director, Strategy and Marketing, ProFunds Group
Marketing SVP, Neuberger Berman Management Inc.
Chief Financial Officer, ProShares | ProFunds
ProShare Advisors LLC
Executive Vice President, Operations, ProFunds
Chief Human Resources Officer, ProFunds
Vice President, Account Manager - Defined Contribution Practice, PIMCO Investments LLC