In its attempt to deliver additional quality buy-and-hold alternative investments to investors, Direxion has hired Edward Egilinsky as managing director, head of alternative investments.

A 20-year veteran of business development in the alternative investment industry, Egilinsky most recently was a managing director at Price Asset Management. Before that, he was managing director and head of alternative strategies at Rydex Investments.

“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.”