Provides investors with diversified alternatives exposure offering access to non-correlated returns
RALEIGH, N.C.–(BUSINESS WIRE)–Hatteras Funds announced that it has opened up access to its Alternative Multi-Manager Fund (HHSIX). The Fund has been available to select institutional clients since 2011. The Fund will continue to be co-managed by Portfolio Managers Michael P. Hennen and R. Ty Powers.
“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.”
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“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, Chief Executive Officer, 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.”
The investment objective of the Fund is to achieve consistent returns with low correlation to traditional financial market indices, while maintaining a high correlation to the Hedge Fund Research, Inc. (“HFRI”) Fund of Funds Composite Index. The Fund is diversified by four hedge fund strategies and is concentrated in long/short equity and event-driven strategies to potentially generate higher returns. Assets are allocated across 20 experienced hedge fund managers specializing in unique alternative investment strategies.
Hatteras Funds also announced the launch of its Market Neutral Fund (HMNAX), which is designed to diversify stock portfolios by seeking to generate absolute returns independent of the market environment. The Fund also employs a multi-manager approach that invests across three hedge fund managers with long-term experience executing market neutral strategies.
For more information, please contact Jessica Sherburne at 919.846.2324 or [email protected]
About Hatteras Funds
Hatteras Funds provides unique alternative investment solutions for Financial Advisors and their Clients. We believe that all investors should have access to the same sophisticated investment approach and superior portfolio management talent as the largest institutions. A boutique alternative investment specialist founded in 2003, Hatteras Funds offers a suite of innovative products designed to help allocate to alternative investments. For more information, please visit hatterasfunds.com.
Investors should consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the Funds and may be obtained by clicking here or calling 877.569.2382 for the Hatteras Alternative Mutual Funds. Read it carefully before investing.
Key Risk Factors:
Certain hedging techniques and leverage employed in the management of the Funds may accelerate the velocity of possible losses. Short selling involves the risk of potentially unlimited increase in the market value of the security sold short, which could result in potentially unlimited loss for the Funds. Derivatives involve investment exposure that may exceed the original cost and a small investment in derivatives could have a large potential impact on the performance of the Funds. Options held in the Funds may be illiquid and the fund manager may have difficulty closing out a position. Fixed Income instruments are exposed to credit and interest rate risks. Investing in lower-rated (“high-yield”) debt securities involves special risks in addition to the risks associated with investments in higher-rated debt securities, including a high degree of credit risk and liquidity risk. The Funds may also invest in: smaller capitalized companies—subject to more abrupt or erratic market movements than larger, more established companies; foreign securities, which involve currency risk, different accounting standards and are subject to political instability; securities limited to resale to qualified institutional investors, which can affect their degree of liquidity; shares of other investment companies (affiliated) that invest in securities and styles similar to the Funds, resulting in a generally higher investment cost than from investing directly in the underlying shares of these funds; shares of other non-affiliated investment companies primarily including ETFs. The Funds intend to utilize these individual securities and hedging techniques in matched combinations that are designed to neutralize or offset the individual risks of employing these techniques separately. Some of these matched strategies include merger arbitrage, long/short equity, convertible bond arbitrage and fixed-income arbitrage. There is no assurance that these strategies will protect against losses. Because the Funds are fund-of-funds, your cost of investing in the Funds will generally be higher than the cost of investing directly in the shares of the mutual funds in which it invests.
Mutual fund investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances. An investment in the Funds may not be suitable for all investors.
Securities offered through Hatteras Capital Distributors, LLC, member of FINRA / SIPC, 6601 Six Forks Road Suite 340, Raleigh, NC 27615. Hatteras Capital Distributors, LLC is affiliated with Hatteras Funds, LLC by virtue of common control/ownership.
For Hatteras Funds
Jessica Sherburne, 919-846-2324