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About Rafferty Holdings

Building Businesses Is in Our DNA

rafferty team working in office

About

For more than three decades, Rafferty Holdings has built a successful legacy by building great partnerships and standing behind great people.

 With an uncompromising commitment to people and their passion for business, we have founded and invested in dozens of enterprises in the financial markets, asset management, real estate, and digital technologies.

Our History

Originally a broker-dealer to the mortgage banking industry, Rafferty Holdings has evolved into an acclaimed organization offering diversified investment services via its subsidiaries and partnerships.

  • Larry Rafferty and Tim Cohane create Cohane Rafferty Securities in White Plains, NY

  • Rafferty Capital Markets broker dealer is founded.

  • Rafferty Holdings, LLC is created

  • Rafferty Holdings becomes JV partner in Meenan, McDevitt & Co.

  • Potomac Funds is founded

  • Meenan, McDevitt & Co is acquired by Societe Generale

  • Rafferty Capital Markets establishes Mutual Fund Distribution division

  • Rafferty headquarters moves to Garden City, NY

  • Lehman Brothers acquires Cohane Rafferty Securities

  • Hilton Capital Management, a registered investment advisor, is founded by Rafferty Holdings and William Gavey

  • Rafferty Capital Markets launches fixed income inter-dealer brokerage division

  • Pototmac Funds reaches $1 billion AUM

  • Rafferty Capital Markets acquires municipal bond broker JJ Kenny Drake

  • Rafferty Capital Markets launches equity sales and trading division

  • Potomac Funds is re-branded “Direxion”

  • Keane Securities, an equity market maker, is acquired by Rafferty Capital Markets

  • Direxion Funds launches Direxion Shares ETF platform

  • Tradeweb Capital Markets acquires Rafferty Capital Markets’ fixed income brokerage business

  • Hilton Capital Management surpassed $500 million AUM

  • Hilton Capital Management launches the Tactical Income Mutual Fund

  • Direxion launches Direxion Asia Ltd. And opens office in Hong Kong

  • Direxion assets reach $10 billion

  • Hilton Capital Management reaches $1 billion in AUM

  • Rafferty Capital Markets sells Mutual Fund Distribution unit to Alaric

  • Rafferty Holdings makes strategic investment in Marstone, a robo-advisor

  • Rafferty Holdings makes investment in Amgine (formerly HelloGby)

  • Rafferty Holdings invests in Ampliforce, an AI/digital workforce company

  • Direxion assets top $30 billion

  • Hilton Capital Management assets surpass $2 billion

  • Hilton Capital Management launches Small Mid Cap Opportunities ETF

  • Rafferty Holdings continues its tech investing with investments in Stavtar, a business spend management Saas and Agent Smyth Technology, an Ai trade optimization and alpha enhancement tool