Hatteras Takes Fund Of Hedge Funds To Annuity Platform

Jul 12 2012 | 10:04am ET

Hatteras Funds has launched a flat-fee variable annuity giving investors access to hedge fund strategies.

The North Carolina firm's Hatteras Alpha Hedged Strategies Variable Fund is a multi-manager, multi-strategy offering similar to its 10-year-old mutual fund of hedge funds, Hatteras Alpha Hedge Strategies. But the new vehicle is available on Jefferson National's variable annuity platform, the only such alternatives fund currently available there.

"We believe alternative investment strategies provide higher levels of diversification and risk mitigation than traditional strategies, especially during volatile market environments, but some investors and advisors find the taxes to be an obstacle," Robert Worthington, Hatteras president, said. "Hatteras and Jefferson National have removed this obstacle by offering a daily liquid, multi-strategy, multi-manager alternative fund within a tax-deferred variable annuity."


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of