Rafferty Holdings History

Our History

Cohane Rafferty Securities

Cohane Rafferty Securities is founded in White Plains, NY

1987

Rafferty Capital Markets

Rafferty Capital Markets (broker/dealer) is founded in White Plains, NY

1987

Rafferty Holdings

Rafferty Holdings forms joint venture to create Meenan, McDevitt & Co.

1991

Potomac Funds

Potomac Funds is founded

1997

Meenan, McDevitt & Co. sold

Meenan, McDevitt & Co. sold to Société Générale

1998

Mutual Fund Distribution

Rafferty Capital Markets establishes business line for Mutual Fund Distribution

1998

Garden City

Rafferty Capital Markets moves headquarters from White Plains, NY to Garden City, NY

2001

Hilton Capital Management (RIA)

Hilton Capital Management (RIA) founded

2001

Lehman Bros. Holdings

Lehman Bros. Holdings acquires Cohane Rafferty Securities

2001

Rafferty Capital Markets

Rafferty Capital Markets launches fixed income inter-dealer brokerage unit

2002

Potomac Funds

Potomac Funds surpasses $1 billion in AUM

2002

JJ Kenny Drake

Rafferty Capital Markets acquires JJ Kenny Drake

2004

Equity Sales & Trading

Rafferty Capital Markets launches Equity Sales & Trading platform

2004

Direxion Funds

Potomac Funds re-branded as “Direxion Funds”

2007

Keane Securities

Keane Securities (equity market making) acquired by Rafferty Capital Markets

2008

DirexionShares

Direxion Funds launches “DirexionShares” ETF platform

2009

$4 Billon

Direxion surpasses $4 billion in AUM

2009

Tradeweb Capital Markets

Tradeweb Capital Markets acquires RaffCap fixed income brokerage business

2011

Hilton Capital Management

Hilton Capital reaches 10-year milestone with $500+ million in AUM

2011

Direxion

Direxion surpasses $6 billion in AUM

2011

Tactical Income Fund

Direxion Hilton Tactical Income Fund launches

2013

$10 Billion

Direxion surpasses $10 billion in AUM

2015

$12 Billion

Direxion surpasses $12 billion in AUM

2016

Morningstar

Direxion Hilton Tactical Income Fund receives 5 Star Morningstar Rating

2016

$1 billion

Hilton Capital Management surpasses $1 billion in AUM

2016