Hatteras, RCS Seek Shareholder OK For Merger

Jan 3 2014 | 10:51am ET

A leading North Carolina hedge fund's agreement to be acquired by a New York-based real-estate advisory firm will go to its shareholders later this month.

Raleigh-based Hatteras Funds Group said its investors would vote on its deal, worth up to $40 billion, with RCS Capital Corp. on Jan. 21. The $2 billion firm accepted RCS' offer, which includes $30 billion in cash up front, in October.

RCS could pay an additional $10 billion over the next three years.

Should investors approve the deal, Hatteras will continue to operate independently of RCS. The hedge fund said that being part of RCS, which went public in June, will give it the "financial resources" it needs to expand its platform.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...