About Rafferty Capital MarketsCohane Rafferty Securities, Inc., co-founded by Larry Rafferty in 1987, was established to package and trade a wide variety of assets between the nation’s mortgage and banking institutions. Over a period of fifteen years, CRSI became the recognized leader in providing investment banking services to the mortgage industry. Over the course of those fifteen years, Rafferty Capital Markets, LLC primarily facilitated trading for Cohane Rafferty. CRSI was sold to Lehman Brothers in 2001. In 2002, the decision was made to enter the capital markets brokerage business. Rafferty Capital quickly established a strong position in the voice-brokering of U.S. Treasury & Agency securities, as well as Taxable Municipal Bonds. Two years later, Rafferty Capital acquired J.J. Kenny Drake from S&P and immediately became a factor in the municipal bond market. Thereafter, RCM entered into several other markets – Repos, MBS, Corporate Cash/CDS Equities – and thrived in each of them. In early 2009, Rafferty Holdings acquired Keane Securities, a boutique investment banking firm which provides market making capabilities in OTC and Nasdaq-listed stocks.
In October, 2011, the fixed income brokerage divisions
of Rafferty Capital were sold to Dealerweb.
Our holding company, Rafferty Holdings, LLC, has also grown over the years: In 1997, Rafferty Asset Management was established to serve as the advisor to Direxion Funds, a mutual fund family. In November of 2008, Direxion launched the industry’s first triple levered (3x ) ETFs. Direxion Shares’ line up consists of 18 Bull/18 Bear 3x ETFs, which seek to provide 3x the daily return of the index in which they track, as well as 15 1x, 2x and nonlevered ETFs. As of October, 2011, Direxion assets are over $7.5 billion.
For more information on Direxion Funds/Direxion Shares, please visit www.direxionshares.com. We are proud of the 25-year history of our firm and we look forward to continued growth in the future. |
