Direxion prepares to roll out IPO mutual fund

10/27/2009 | TheStreet.com

Direxion Funds is getting ready to bring to the market a mutual fund that will give investors exposure to a broad range of initial public offerings, according to this article. The IPOX Global Long/Short mutual fund will be actively managed and, as the name suggests, can go both long and short. It will be a global fund.

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