BOSTON, Nov. 28, 2011 /PRNewswire/ -- Direxion, a leader in alternative investment solutions, has named Harold W. Clemons its new Senior Sales Director for the Mid-South Region.
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Mr. Clemons is responsible for selling all of Direxion's buy-and-hold alternative investment strategy products to financial advisors across all channels, including wirehouse, regional broker dealers, registered investment advisor (RIA) and others in his territory. Mr. Clemons will serve advisors in Texas, Oklahoma, Louisiana, New Mexico, Arkansas, Kansas and Missouri, and be based in Texas.
"Harold is exactly the kind of seasoned industry professional we want on the Direxion team as we empower an ever-increasing number of advisors and their clients to employ alternative investment strategies historically used only by large institutions," said John Cadigan, Direxion's National Sales Manager. "With financial markets remaining highly unpredictable, we believe it's more important than ever for investors to further diversify their portfolios. Adding Harold to our sales team is further evidence of our commitment to helping investment professionals and their clients manage risk with innovative strategies."
Mr. Clemons joins Direxion from Principal Funds, where he served as Regional Director in the Dallas-Fort Worth area. During his more than 25 years of experience in the asset management business, Mr. Clemons has worked at firms including Capital Real Estate Securities, Dreyfus, Merrill Lynch Investment Managers, BlackRock, and PimcoAllianz Investments.
"Direxion is a pioneer in bringing alternative investment strategies to sophisticated advisors and investors," said Mr. Clemons. "I'm excited about the opportunity that lies ahead to connect advisors and their clients throughout the Mid-South region with the diverse suite of innovative investment products Direxion is known for."
Mr. Clemons earned his BS and MBA degrees at the University of North Alabama. He holds certifications as a Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC) and Certified Fund Specialist (CFS). He also holds Series 7, 4, 24, 53, 63, 65 and 66 Securities Licenses.
For more information about Direxion, please contact James Doyle at 973-850-7308 or [email protected].
About Direxion
Direxion Funds, managed by Rafferty Asset Management, LLC, offer alternative-class fund products and leveraged index funds for investment advisors and sophisticated investors who seek to effectively manage risk and return in both bull and bear markets. Founded in 1997, the company has approximately $7.5 billion in assets under management as of 9/30/11. The company's business model is built on continuous product innovation, exceptional customer service and a commitment to building strategic relationships with distribution partners. For more information, please visit www.direxionfunds.com.
An investor should consider the investment objectives, risks, charges, and expenses of the Direxion Funds carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Funds. To obtain a prospectus or summary prospectus, please contact the Direxion Funds at 800.851.0511. The prospectus or summary prospectus should be read carefully before investing.
Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by a mutual fund increases the risk to the fund. The more a fund invests in leveraged instruments the more the leverage will magnify gains or losses on those investments.
The risks associated with the funds are detailed in the prospectuses which include Adverse Market Conditions Risk, Adviser's Investment Strategy Risk, Aggressive Investment Techniques Risk, Commodities Risk, Concentration Risk, Counterparty Risk, Credit Risk, Currency Exchange Rate Risk, Debt Instrument Risk, Depositary Receipt Risk, Early Close/Trading Halt Risk, Emerging Markets Risk, Equity Securities Risk, Foreign Securities Risk, Gain Limitation Risk, Geographic Concentration Risk, Interest Rate Risk, Intra-Calendar Month Investment Risk, Inverse Correlation Risk, Leverage Risk, Lower-Quality Debt Securities, Market Risk, Market Timing Activity and High Portfolio Turnover, Monthly Correlation Risk, and Negative Implications of Monthly Goals in Volatile Market.
SOURCE Direxion
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