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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note