CEO, Director of Investment Strategies
Joe is a founding member of Arrow Investment Advisors, LLC, the advisor to Arrow Funds. His responsibilities include investment strategy, business development and marketing. Joe's experience of more than 20 years includes six years at Rydex Investments, where he was positioned at the helm of Rydex research, educating financial intermediaries on how to use Rydex Funds. He created fundamental and technical research tools and developed momentum models with Rydex sector funds. As Director of Product Development, he was responsible for researching new strategic opportunities, as well as creating high-quality investment products and services. He also initiated the research to create and launch the firm's first buy-and-hold mutual fund, the Rydex Sector Rotation Fund.
Prior to Rydex, Joe spent 12 years at the Federal Reserve Board of Governors. As a financial analyst, he assisted economists and analyzed monetary aggregate data. As a senior financial examiner, he advised Fed officers and board officials on financial, operational and managerial enhancements. He holds a bachelor's degree in business administration from The George Washington University, where he majored in finance and minored in accounting.
William E. Flaig, Jr.
Chief Investment Officer
Bill joined Arrow Investment Advisors in February of 2007. His experience of more than 25 years includes two years as a principle of Paladin Asset Management, where some of his original research in Absolute Return Factors evolved into the Arrow Alternative Solutions Fund. During his five years at Rydex Investments, he was Director of Portfolio Management and managed the entire portfolio team.
While at Rydex, Bill defined the concept of hedge fund replication, initiated the research and investment strategies on which several alternative funds are based, and then directed the management of those strategies. He also developed best practices for creating leverage within the constraints of an actively traded open-end mutual fund.
Bill also spent six years at Bankers Trust Company in a range of roles including currency trading, proprietary trading, derivatives structuring, emerging market fixed income and currency trading. Bill graduated from Purdue University with a degree in management.
John R. Serrapere
Director of Research
John has been advising investors since 1983. He currently serves as President of Arrow Insights, LLC and provides ongoing research for investors seeking alternative investment options and consults on hedge strategies for institutional investors. He was formerly the analyst and investment strategist for Foster Holdings, Inc., a large Pittsburgh-based family office. John previously served as a principal of Rydex Leveraged Hedges, LLC, where he designed registered and non-registered products. John has been published in The Journal of Indexes, Financial Advisor Magazine, Corporate Finance Review and The Retirement Planning Journal. He writes a regularly featured column titled "Active Indexer" for Index Universe.
Jonathan S. Guyer
Jon joined Arrow Investment Advisors in October 2013 after spending seven years with Longview Funds Management, LLC. During his tenure at Longview, he served the Principal, Director of Research and Chief Investment Officer of the firm. Prior to Longview, Jon spent seven years as the head of the Proprietary Hedge Fund Group of Alex Brown & Sons, Inc., followed by five years serving as the head of Alternative Investment Product Development for Legg Mason Wood Walker, Inc. Throughout his investment management career, he has practical experience working with index design, active portfolio management, trading, manager selection, due diligence, marketing and fund administration.
Prior to his career in investment management, he spent eight years in the audit industry, serving as a senior audit manager for commercial banks and trust companies. Jon earned his bachelor’s degree in business administration from the University of North Carolina-Wilmington.