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It was all good fun when the Sixers reached the Eastern Conference semifinals in 2012. But the losses piled up last season after the deal for Andrew Bynum backfired and Aron’s rah-rah attitude became an easy target for fed-up fans.

Aron will become chairman and CEO of a new investment fund backed my some members of the Sixers ownership group.

“I could have remained in position as CEO of the 76ers, but this is what I wanted to do,” he said. “It was always in my mind to see what I could be doing next with the owners of the Sixers from Day 1. If anything, I accelerated the timetable to move on when the opportunity became real to move on in this new investment role.”