Hatteras Funds Names New CEO

Apr 28 2010 | 3:39pm ET

Alternative investment firm Hatteras Funds announced today that Brian Jacobs has been named chief executive officer.  

Founder and former CEO David Perkins will continue as chairman, working closely with Jacobs on overall corporate strategy and investment management. Jacobs will lead a senior executive team that includes Robert Worthington, president, Michael Fields, chief operating officer, and Lance Baker, chief financial officer.

"Brian is a proven leader with 26 years of broad industry experience who can take Hatteras to the next level," said Perkins. “He will advance our mission to bring institutional-quality alternative investments to financial professionals and their clients, while providing the education and support they need to invest with confidence.”

From 2000 to 2008, Jacobs was managing director at Allianz Global Investors, where he led sales and distribution of the PIMCO and Allianz mutual funds, as well as managed accounts and closed-end funds to the financial advisor community.

"I'm thrilled to join Hatteras and the executive team David has assembled. The Hatteras team has built an ideal model with a remarkable infrastructure to help financial advisors and their clients," said Jacobs.

Founded in 2003, North Carolina-based Hatteras Funds manages $1.8 billion across a broad range of alternative investment strategies. These include hedge funds and private investments in one fund managed through a joint venture with Morgan Creek Capital Management; a fund of hedge funds sub-advised by Ramius Alternative Solutions; a global private equity fund of funds sub-advised by Capvent; a venture capital co-investment fund managed by the Hatteras investment team; open-end mutual funds with multiple hedge fund managers and strategies managed by the Hatteras investment team.

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