Hatteras Opens Alternative Multi-Manager Fund to Retail Investors

Aug 25 2015 | 12:32pm ET

Liquid alternatives provider Hatteras Funds has broadened availability of its alternative multi-manager fund to the retail investor market. The fund has been available to select institutional clients since 2011.
 
The fund is a diversified vehicle that utilizes four hedge fund strategies and concentrates on long/short equity and event-driven approaches to potentially generate higher returns. Assets are allocated across 20 experienced hedge fund managers specializing in unique alternative investment strategies.
 
The product, which trades under the symbol HHSIX, provides investors with diversified alternatives exposure offering access to non-correlated returns, according to Hatteras. It will continue to be co-managed by portfolio managers Michael Hennen and Ty Powers.
 
“With uncertainty and volatility facing both stock and bond markets, financial advisors are looking for tools to help manage risk within their portfolios.  The Alternative Multi-Manager Fund is designed to complement a traditional portfolio of stocks, bonds and cash,” said David Perkins, CEO of Hatteras Funds. 
 
“The fund provides diversified alternatives exposure in a single investment. We believe it can help reduce volatility and dampen the impact of a market drawdown,” he added. 
 
The fund aims to correlate well with HFRI’s Fund of Funds Composite Index. 
 
Concurrent with the announcement, Hatteras also announced the launch of its Market Neutral Fund (symbol HMNAX), which is an absolute return vehicle designed to diversify stock portfolios. This fund also employs a multi-manager approach that invests across three hedge fund managers with long-term experience executing market neutral strategies.
 
Based in Raleigh, NC, Hatteras Funds was founded in 2003 by Perkins. The boutique investment firm provides liquid alternative investment solutions for financial advisors and their clients.

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