Management Team
- Daniel D. O’Neill, President and Chief Investment Officer
- William P. Franca, Executive Vice President, Distribution
- Andy O'Rourke, Senior Vice President, Marketing Director
Daniel D. O’Neill
President and Chief Investment Officer
As the President and Chief Investment Officer, Dan is responsible for all investment management and trading operations. He joined Direxion in 1999 and plays a leading role in the development and launch of new products and value added services for advisors and investors. He is a member of the Direxion Executive Management Committee.
Prior to joining Direxion Funds, he served as Portfolio Manager: Private Equity Investments at Hermitage Capital Management Limited in Moscow, Russia. His responsibilities included monitoring investments by two hedge funds in illiquid Russian equities.
Dan earned a J.D. from the University of Virginia School of Law, where he served on the editorial board for Virginia Law Review. He holds a BA in English and Economics from the University of Virginia in Charlottesville, where he was a Jefferson Scholar.
Daniel D. O’Neill
President and Chief Investment Officer
As the President and Chief Investment Officer, Dan is responsible for all investment management and trading operations. He joined Direxion in 1999 and plays a leading role in the development and launch of new products and value added services for advisors and investors. He is a member of the Direxion Executive Management Committee.
Prior to joining Direxion Funds, he served as Portfolio Manager: Private Equity Investments at Hermitage Capital Management Limited in Moscow, Russia. His responsibilities included monitoring investments by two hedge funds in illiquid Russian equities.
Dan earned a J.D. from the University of Virginia School of Law, where he served on the editorial board for Virginia Law Review. He holds a BA in English and Economics from the University of Virginia in Charlottesville, where he was a Jefferson Scholar.
William P. Franca
Executive Vice President, Distribution
As the Executive Vice President, Distribution at Direxion Funds, Bill leads the external and internal sales organization in building partnerships with registered investment advisors and broker/dealers. He is a member of the Direxion Executive Management Committee.
Bill has more than twenty years of successful financial services distribution experience. Prior to joining Direxion Funds, he held several executive-level positions with Massachusetts Financial Services/SunLife Financial Distributors, where he rose to Senior Vice President, National Sales. As Executive Vice President, Distribution at Sun Life Financial, he led all field-related activities including business development, national accounts, and wholesaler management. Before joining SunLife, he held leadership positions with Manulife and American Capital.
Bill earned an MBA from the University of Tampa and a BS in Natural Sciences from the University of South Florida. He received the Certified Financial Manager designation from the Merrill Lynch Institute. He holds FINRA Series 7, 23 and 63 licenses, as well as a State of Florida Insurance license and is certified nationally as a continuing education instructor.
Andy O'Rourke
Senior Vice President, Marketing Director
As Senior Vice President, Marketing Director at Direxion Funds, Andy leads all marketing efforts focusing on building brand and product awareness within the investment advisor community.
Prior to joining Direxion Funds, Andy was the Director of Distribution Marketing for MassMutual Financial Group's Retirement Services division. Andy has also been employed by State Street Bank, Fidelity Investments, and Emplanet Retirement Services, in various relationship management, product development, and strategic marketing positions.
Andy is a graduate of Miami University in Oxford, Ohio, and has earned a Masters of Business Administration from the F.W. Olin Graduate School of Business at Babson College.
An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Shares. Click here to obtain a prospectus and summary prospectus. The prospectus and summary prospectus should be read carefully before investing.
Investing in funds that invest in specific industries or geographic regions may be more volatile than investing in broadly diversified funds. The use of leverage by a fund means the Funds are riskier than alternative investments which do not use leverage.
The Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over a longer period of time.
The risks associated with the funds are detailed in the prospectus which include adverse market condition risk, adviser's investment strategy risk, aggressive investment techniques risk, concentration risk, counterparty risk, credit and lower-quality debt securities risk, equity securities risk, currency exchange risk, daily correlation risk, daily rebalancing and market volatility risk, early close/trading halt risk, depository receipt risk, foreign and emerging markets securities risk, sector securities risk, interest rate risk, inverse correlation risk, leverage risk, market risk, non-diversification risk, retail sector risk, shorting risk, small and mid cap company risk, tracking error risk, market timing activity and high portfolio turnover risk, commodities securities risk, geographic concentration risk, valuation time risk, derivatives risk, risks of investing in small- and/or mid-capitalization companies, natural gas sector risk, negative implications of daily goals in volatile markets risk, risks of investing in mining and metal industry securities, commodity-linked derivatives risk, wholly-owned subsidiary risk, tax and distribution risk, options and futures contracts risks, security selection risk, Debt Instrument Risk, Gain Limitation Risk, Real Estate Investment Risk, U.S. Government Securities Risk, and Special Risks of Exchange-Traded Funds.
Distributor: Foreside Fund Services, LLC.