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Edward Egilinsky By Beverly Chandler, Opalesque London:
Edward Egilinsky, the new hire as Managing Director of Alternative Investments of Direxion Funds, has specifically joined the firm, charged with building and diversifying its 'buy and hold’ alternatives products, largely aimed at the American retail investor.
The $8.5 billion range of Direxion Funds offers two business lines, explains Egilinsky. "We are a leading provider of liquid and transparent alternative types of strategies for both retail and institutional clients in mutual funds and ETFs."
The majority of assets is in ETFs, acting as trading vehicles with three times leverage for sophisticated investors who have an opinion on the market. The second stream of business is in the buy and hold investor who wants alternatives as part of their overall asset allocation.
"Globally and in the US, more investors are using alternatives because they are available now in more transparent and liquid structures" says Egilinsky. "As retail investors’ interest in these types of products has grown, there has been a convergence between alternative investments and mutual funds."
A large part of Egilinsky’s work lies in education: "It’s an educational process" he says. "There is still education that needs to be done with the financial adviser as well as the end client."
Going forward, Direxion is planning to partner and campaign on educating advisers on the potential benefits of alternative investments, explaining how they f...................... To view our full article Click here
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