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MFWire: Direxion Funds
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Rafferty Asset Management
33 Whitehall St., 10th Floor
New York, NY  10004
Google Maps

Main Phone: 800-851-0511
Web Site: http://www.direxionfunds.com

Mutual Fund Brand(s)
Direxion Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    Rafferty Asset Management is the sponsor of the Direxion Funds. Rafferty AM is owned by Larry Rafferty's Rafferty Holdings. Rafferty Holdings also owns: Hilton Capital Management, an RIA focused on tactical asset allocation; and Rafferty Capital Markets, a broker-dealer dating back to 1987 that has also been serving as a mutual fund distributor since 1998.

    Direxion has been providing modern portfolio alternatives since 1997. Direxion is a self-proclaimed innovator in its field, siting a number of "firsts" in the investment management company. Direxion is continuing its success from having the first 250-percent leveraged index funds in May 2006 and now the first leveraged 300-percent ETF.

    The firm originally established as Potomac Funds in 1997 underwent rebranding to Direxion Funds in 2006. The new objective, centered around expanding sales and product distribution, made way for the launch of Direxion Shares in 2008. This launch allowed the firm to provide leveraged and inverse ETFs and earn recognition quickly due to its Direxion Daily Financial Bull 3x Shares (FAS) and Direxion Financial Bear 3x Shares' (FAZ) popularity. That following year, Direxion Daily Financial Bear 3x (FAZ) traded over 27 billion shares for the year. It became the 4th highest traded exchange traded product in volume on the New York Stock Exchange in 2009.
    Sponsored Opportunities

    Key People:
    Larry Rafferty
    Founder, Owner, CEO, Rafferty Holdings, LLC
    Dan O'Neill
    CEO, Direxion Investments
    Eric Falkeis
    Co-Founder, Chief Growth Officer, Tidal Financial Group
    Michael Rafferty
    President, Rafferty Holdings, LLC
    Rob Nestor
    President, Direxion
    Andy O'Rourke
    Chief Marketing Officer, Managing Director, Direxion Funds
    Dave Mazza
    Managing Director, Head of Product, Direxion Funds
    Ben Woloshin
    Managing Director, Head of National Accounts and Relationship Management, Direxion Funds
    John Cadigan
    Managing Director, National Sales Manager, Arrow Funds
    Edward Egilinsky
    Managing Director, Alternative Investments, Direxion Funds
    Pat Rudnick
    Chief Financial Officer, Managing Director, Direxion Funds
    Paul Brigandi
    Head of Trading, Managing Director, Direxion Funds
    Story Archive for Rafferty Asset Management
    Published On Story Headline Publication
    5/15/2024 Despite a $13B Drop, Vanguard Fourpeats MFWire.com
    3/26/2024 Active Inflows Return After a 28-Month Gap MFWire.com
    3/20/2024 Vanguard Stays In Front, Despite an $8B Drop MFWire.com
    3/8/2024 A Gotham AM Adds 2 Magnificent 7 ETFs, And ... MFWire.com
    2/13/2024 A 27-Year Old AM Offers a Bet On EMs, Sans China MFWire.com
    1/26/2024 December Was a $118B Passive Month MFWire.com
    11/20/2023 Schwab Pulls Ahead With $1.71B MFWire.com
    9/27/2023 Active Outflows Climb 41 Percent In a Month, And ... MFWire.com
    9/22/2023 Flows Sour By $35.5B In a Week MFWire.com
    9/21/2023 With a 54-Percent Inflows Jump, WisdomTree Wins MFWire.com
    5/17/2023 Baird Wins With $1.081B MFWire.com
    4/21/2023 With $3B, Pacer Takes the 2023 Lead MFWire.com
    4/4/2023 A $27.5B-AUM Firm Will Shutter a $48MM-AUM Octet MFWire.com
    1/20/2023 ProShares Takes the Lead With $15B MFWire.com
    12/19/2022 Pacer Leads As Midsize Outflows Shrink By $5B MFWire.com
    11/16/2022 WisdomTree Repeats With $2.068B MFWire.com
    10/19/2022 WisdomTree Leads With $1.9B MFWire.com
    9/20/2022 $15B In Inflows In Eight Months MFWire.com
    8/16/2022 ProShares Three-Peats, Netting About $3B MFWire.com
    7/21/2022 ProShares Leads As 17 Percent of Midsize Firms Win Inflows MFWire.com
    6/15/2022 ProShares Leads a Shrinking Midsize Winners List MFWire.com
    5/23/2022 Direxion Leads As the Midsize Winners List Shrinks MFWire.com
    4/19/2022 ProShares Three-Peats With $2.59B MFWire.com
    3/16/2022 ProShares Repeats Atop Midsize Firms' Shrinking Inflows Pack MFWire.com
    2/25/2022 Passive Inflows Plunge By $74B, And ... MFWire.com
    2/16/2022 41 Percent of Shrinking Inflows Go to These Firms MFWire.com
    6/10/2021 A $24B-AUM Shop Adds Two Thematic Funds MFWire.com
    12/21/2020 A Direxion Vet Joins a Startup As CIO MFWire.com
    9/16/2020 2020 Inflows Reach 46 Percent of This Shop's AUM MFWire.com
    8/21/2020 Active Inflows Fall 58 Percent MFWire.com
    8/17/2020 For Two-Thirds of Midsize Firms, 2020 Flows Are Still In the Red MFWire.com
    7/17/2020 Two-Thirds of 2020 Outflows Came From Midsize Firms MFWire.com
    5/18/2020 Midsize Outflows Plunge 96 Percent MFWire.com
    1/23/2020 JPMAM Keeps Its Lead MFWire.com
    1/16/2020 Midsize Firms' Outflows Fell 78 Percent In 2019 MFWire.com
    11/13/2019 A Midwestern Insurer Takes the Fund Flows Lead MFWire.com
    9/18/2019 Mid-Size Firms Suffer 72 Percent of MF Outflows MFWire.com
    8/19/2019 Active Outflows Disappear As Passive Inflows Fall MFWire.com
    8/13/2019 An I-Bank's AM Wins In July MFWire.com
    7/22/2019 Pimco and BlackRock Win In June MFWire.com
    7/16/2019 First Trust Dethrones Baird MFWire.com
    6/14/2019 Baird Three-Peats MFWire.com
    3/19/2019 Bogles' Bunch Dominates Both Sides MFWire.com
    3/7/2019 Eyeing Two Channels, This Gotham Fundster Chief Is Hiring MFWire.com
    3/4/2019 20 Years In, a $14.5B-AUM Shop's Chief Passes the Mantle MFWire.com
    2/25/2019 ProShares Wins as Mid-Size Flows Stabilize MFWire.com
    1/28/2019 Week In Preview, January 28-February 3 MFWire.com
    1/22/2019 88 Percent of Midsize Firms Suffered In December MFWire.com
    11/27/2018 Vanguard Simultaneously Won and Lost Last Month MFWire.com
    11/20/2018 An Inverse Index Fund Specialist Takes the Lead MFWire.com
    11/7/2018 Nestor Plans a Direxion Sales and Marketing Push MFWire.com
    6/11/2018 Week In Preview, June 11-17 MFWire.com
    10/23/2017 Baird Dominated September Among Midsize Firms MFWire.com
    10/5/2017 New Fund Fuss - October 5, 2017 MFWire.com
    9/5/2017 Filings For Fundsters - September 5, 2017 MFWire.com
    8/24/2017 New Fund Fuss - August 24, 2017 MFWire.com
    7/24/2017 Filings for Fundsters - July 24, 2017 MFWire.com
    7/13/2017 New Fund Fuss - July 13, 2017 MFWire.com
    7/12/2017 Filings for Fundsters - July 12, 2017 MFWire.com
    6/29/2017 The New Fund Fuss - June 29, 2017 MFWire.com
    6/23/2017 These 7 ETF Shops Are Teaming Up With Pershing. Here's Why. MFWire.com
    4/6/2017 The New Fund Fuss - April 6, 2017 MFWire.com
    2/10/2017 Punching Above Your ETF Weight MFWire.com
    1/5/2017 The New Fund Fuss - January 5, 2017 MFWire.com
    12/9/2016 Filings for Fundsters - December 9, 2016 MFWire.com
    11/9/2016 The New Fund Fuss - November 9, 2016 MFWire.com
    11/8/2016 Filings for Fundsters - November 8, 2016 MFWire.com
    10/10/2016 ETF Shops Rake In $6B Per Year MFWire.com
    9/14/2016 Filings for Fundsters - September 14, 2016 MFWire.com
    9/9/2016 The New Fund Fuss - September 9, 2016 MFWire.com
    8/29/2016 The New Fund Fuss - August 29, 2016 MFWire.com
    8/26/2016 Filings for Fundsters - August 26, 2016 MFWire.com
    8/16/2016 Filings For Fundsters - August 16, 2016 MFWire.com
    10/28/2015 Fisher Anoints MainStay's Next Retail Distro Chief MFWire.com
    4/1/2015 Direxion and Value Line Celebrate NYSE-Style MFWire.com
    12/24/2014 Direxion Adopts From a Sibling and Preps Lightly Leveraged Funds MFWire.com
    10/7/2014 Direxion's Sales Model Shifts As Rudman Hires MFWire.com
    6/27/2014 Direxion's Jacobs Sets out to Solve for "X" MFWire.com
    10/21/2013 A Direxion Exec Joins a Portfolio Specialist MFWire.com
    10/3/2013 An Alt Shop Unveils Two More Funds MFWire.com
    10/1/2013 Alt Shop Launches a Currency Fund MFWire.com
    8/26/2013 SR: Direxion Nixes a Fee For 13 Funds MFWire.com
    7/29/2013 Raffety Revises Its Strategy For a Direxion Bond Fund MFWire.com
    7/18/2013 A Futures Fund Hits $100MM MFWire.com
    7/15/2013 Unique ETF Ideas Keep on Coming MFWire.com
    6/25/2013 Direxion Rolls Out Two New Japan ETFs MFWire.com
    5/20/2013 An Ex-Pimco Exec Will Lead Sales for an Alts Shop MFWire.com
    5/7/2013 Stork and Reaper for the Week of May 10, 2013 MFWire.com
    4/29/2013 Asset Manager Lures an RIA Exec from Direxion MFWire.com
    4/16/2013 Boston Fundsters Respond to Marathon Attack MFWire.com
    4/8/2013 Direxion Officially Hires Falkeis MFWire.com
    3/14/2013 Direxion Anoints a New President and COO MFWire.com
    3/4/2013 Direxion Splits Shares on 16 ETFs MFWire.com
    1/16/2013 Don't Fear the Fundsters, Says Waggoner MFWire.com
    12/18/2012 Direxion Shutters Three ETFs MFWire.com
    12/6/2012 PMs Try to Bust Alts Myths MFWire.com
    11/21/2012 WSJ Opines on Alt Fund Craze MFWire.com
    8/16/2012 Direxion Is Stepping on ProShares' Turf MFWire.com
    8/6/2012 Stork and Reaper for August 6, 2012 MFWire.com
    7/24/2012 Stork and Reaper for July 24, 2012 MFWire.com
    6/8/2012 Another Bearish Bank ETF For Direxion MFWire.com
    6/4/2012 Funds That Take the Risk Out MFWire.com
    3/23/2012 Direxion Offers a Different Take on the Nasdaq MFWire.com
    2/28/2012 Cadigan Fills Out Direxion's Sales Team MFWire.com
    2/13/2012 Direxion Offers Access to Managed Futures MFWire.com
    2/6/2012 ETF Vanity Tickers Are Great, But Are They Enough? MFWire.com
    1/23/2012 Direxion's Lineup and Salesforce Expands MFWire.com
    1/19/2012 Direxion Names Another Advisor-Focused Wholesaler MFWire.com
    1/17/2012 Direxion Hires in NYC MFWire.com
    1/3/2012 A DWS Wholesaler Heads in a New Direxion MFWire.com
    12/27/2011 Jaffe Rehashes Mutual Fund Implosions MFWire.com
    12/5/2011 Going Around Again, Direxion Alters its ETF Course MFWire.com
    11/28/2011 Direxion's New Sales Chief Makes His First Hire MFWire.com
    10/19/2011 Direxion Claims an Industry Long-Short First MFWire.com
    9/26/2011 Direxion Names a New National Sales Manager MFWire.com
    6/15/2011 A New Direxion ETF Bears a New Index MFWire.com
    4/1/2011 A National Pub Touts a Few 'Good Funds' MFWire.com
    3/25/2011 Direxion Takes its Bull and Bear ETFs Online MFWire.com
    8/10/2010 Cinderella Treasury Bonds Prove a Nightmare for Short Sellers MFWire.com
    6/22/2010 Is Direxion's Reverse Split Decision a Good Move? MFWire.com
    6/7/2010 ProShares, Direxion Gain Mentions as Paper Warns on Leveraged ETFs MFWire.com
    4/13/2010 Shapiro Eyes Leveraged ETFs MFWire.com
    3/15/2010 Two Firms Lever Their ETF Position MFWire.com
    1/26/2010 Direxion Aims a New Sales Exec at Hedge Funds MFWire.com
    12/3/2009 Direxion Eyes Emerging Markets With Four Leveraged ETFs MFWire.com
    10/20/2009 Direxion Preps an IPO Fund MFWire.com
    10/2/2009 Direxion Preps Monthly Leveraged ETFs MFWire.com
    8/6/2009 A Class Action Firms Looks at Eight B-Ds Over Leveraged ETFs MFWire.com
    7/31/2009 LPL Singles Out Direxion Again, With Less Effect MFWire.com
    7/24/2009 LPL Shuts Out Direxion's ETFs MFWire.com
    7/20/2009 Direxion's Latest Bear/Bull Pair Lands MFWire.com
    7/16/2009 Three Leveraged ETF Providers are in Galvin's Sights MFWire.com
    7/7/2009 Direxion Slows the Tempo for 17 Funds MFWire.com
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