Direxion Funds, a Boston fund company that provides leveraged and alternative-class products, has hired five executives to help expand sales.
Four are regional vice presidents - Jeffrey D. Breese for New England, Michael E. Matarazzo for the Midwest, Steven G. Ravenna for the Southeast, and Samuel E. Saucedo for the mid-South. Robyn L. Larkin was hired as a sales desk vice president.
Mr. Ravenna, who is based in St. Petersburg, Fla., was a regional sales consultant at Heritage Asset Management Inc.
The other three regional vice presidents have worked for units of Sun Life Financial Inc.
Mr. Breese, who is based in Boston, was a vice president and an annuity specialist at MFSLF Distributors Inc., where he oversaw the sales and distribution of annuities. Previously he worked at Sun Life Distributors Inc. and Sun Life of Canada. Mr. Matarazzo, who is based in Chicago, was a vice president and a regional manager for Sun Life Financial. Mr. Saucedo, who is based in Houston, was a regional vice president for that company.
Direxion Funds, which changed its name from Potomac Funds in May, manages $1 billion of assets. Its external group of wholesalers already had two regional vice presidents.
