Brian Jacobs joins Direxion Funds as president
Alternative investment solutions provider Direxion has selected Brian Jacobs as its president.
Jacobs is a 25-year veteran of the global asset management industry.
Jacobs will be based in New York and will report to Dan O'Neill, chief executive officer of Direxion.
"We are very excited to work with an established industry leader like Brian, who has a proven track record of building successful asset management companies," says O'Neill. "Given his broad experience in distribution and alternative investments, Brian's expertise will prove invaluable in helping us enhance our capabilities and products to meet the rise in demand from both retail and institutional investors."
Before joining Direxion, Jacobs served as an industry consultant at the firm he founded, Jacobs Strategic Consulting. There, he consulted with a number of major asset managers and, among other projects, structured a long-term joint venture to launch and distribute a wide range of alternative mutual funds for his client, Cliffwater, and Virtus Investment Partners (VRTS).
Prior to that, Jacobs served as CEO of Hatteras Funds, a boutique alternative investment specialist. He joined Hatteras after more than 18 years at two large asset management organisations — Eaton Vance and Allianz/PIMCO.
"Direxion is like the Audi of the ETF and mutual fund industry," Jacobs says. "It has a really strong reputation that's only getting stronger. It has significant potential for growth, and has built a robust infrastructure that seeks to build better outcomes for individual investors and advisors that serve them.”
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