Friday, 26 December 2014
Last updated 2 days ago
Oct 2 2012 | 9:47am ET
North Carolina's Hatteras Funds has launched a managed futures mutual fund.
The Hatteras Managed Futures Strategies Fund has been spun out of the firm's multi-strategy, multi-manager Alpha Hedge Strategies Fund as a standalone vehicle. Currently, the managed futures strategy features four managers—Dominion Capital Management, 2100 Xenon Group, Northfield Trading and Revolution Capital Management—overseeing $56 million.
Hatteras says the managers are uniquely positioned within the managed futures space because they rely more on short- to intermediate-term trends.
“The Hatteras Managed Futures Strategies Fund is another Hatteras alternative investment vehicle designed to help advisors and investors allocate more to alternatives without sacrificing liquidity,” said Bob Worthington, president of Hatteras Funds, in a statement. “This fund draws upon our ability to create a diversified portfolio of managed futures managers to potentially dampen volatility while also offering the potential portfolio benefits of non-correlation associated with this asset class.”
Hatteras manages about $700 million in its alternative mutual funds.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.