Direxion [see profile] has hired Ed Egilinsky as managing director, head of alternative investments. Egilinsky will head up product development efforts, internal and external messaging, training and support of product delivery.

His post is new.

"Direxion is making an additional commitment to the alternative strategies space," Egilinsky said in an interview.

New York-based Egilinsky began his new job on August 8 and reports to Direxion president Dan O'Neill.

He will focus on developing "buy and hold" alternative strategies in mutual fund and ETF formats.

Most recently, he was a managing director at Price Asset Management and earlier, he was the head of alternative strategies at Rydex Investments, which is now Rydex|SGI, part of the Guggenheim fold.

At Rydex, Egilinsky played a key role in the rollout of the first open-end mutual fund that gave retail investors access to managed futures.

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Company Press Release

DIREXION EXPANDS ALTERNATIVE INVESTMENT TEAM WITH ADDITION OF NEW MANAGING DIRECTOR

Industry Veteran Edward Egilinsky Reaffirms Direxion’s Commitment to Leading the Alternative Space with Innovative Investment Products

Direxion, a leader in alternative investment solutions, has announced the recent appointment of Edward Egilinsky to the position of Managing Director, Head of Alternative Investments. As a member of Direxion’s management team, Mr. Egilinsky will drive the firm’s product development initiatives, internal and external messaging, training and support of product delivery.

"Ed's past success in building out alternative investment products and platforms dovetail perfectly with Direxion's proven capabilities in alternative strategies," said Direxion President Dan O’Neill. "He will play an integral role in helping us develop and distribute products as part of our continued commitment to expanding “buy and hold” alternative strategies for investors."

Mr. Egilinsky brings more than 19 years business development experience in the alternative investment industry, including having held several senior sales management positions and raising multiple billions of dollars in assets for a number of investment firms. Most recently, he served as Managing Director for Price Asset Management, where he helped lead product distribution, sales and new product initiatives.

Prior to that, Mr. Egilinsky served as Managing Director and Head of Alternative Strategies for Rydex Investments, providing leadership to the sales team for alternative strategy initiatives and expanding the firm’s distribution channels to include family offices, registered investment advisors, national investment firms, regional firms and independent advisors. He was instrumental in launching the first open-end mutual fund to give retail investors access to managed futures. 

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