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Hatteras Funds Brian Jacobs

Hatteras funds announces firm’s first single strategy hedged mutual funds


Boutique alternative investment specialist Hatteras Funds has added two single strategy hedged mutual funds to its lineup of innovative alternative mutual fund products.


The Hatteras Long/Short Equity Fund (Tickers: A Share – HLSAX; I Share – HLSIX) and the Hatteras Long/Short Debt Fund (Tickers: A Share – HFIAX; I Share – HFINX) provide access to two of the four core strategies available through the Hatteras Alpha Hedged Strategies Fund (Ticker: ALPHX), which was launched in 2002.

"Our advisor clients desire the benefits of alternative investment strategies, but seek to access those portfolio attributes with greater flexibility, liquidity, and ease of use. Many of our clients have utilised the Hatteras Alpha Hedged Strategies Fund to deliver a diversified ‘core’ approach to hedge fund investing that seeks to reduce portfolio volatility," says Brian Jacobs, CEO of Hatteras Funds. "With the growth of liquid alternative mutual funds, we have seen increasing advisor interest in accessing our ‘core’ product’s underlying hedge fund strategies as stand-alone products to address specific portfolio needs. For the first time, we are making these proprietary, strategy-specific funds available to investors who seek to gain access to a specific hedge fund strategy, such as long/short equity or long/short debt, through multiple hedge fund managers in a mutual fund format."

The Long/Short Equity Fund seeks to achieve consistent returns with moderate correlation to traditional US equity market indices and lower volatility of monthly returns over a market cycle. The fund employs long and short trading in common stock, and preferred stock of US and foreign issues to achieve capital appreciation.

The Long/Short Debt Fund seeks to achieve total return through current income, capital preservation and capital appreciation. The fund strives to provide low correlation to traditional fixed income benchmarks, employing long and short trading in strategies that utilise debt and debt-related securities that allow the Fund to focus on opportunities to take advantage of perceived discrepancies in the market prices of certain convertible bond, common stock, fixed income and derivative securities.

"We are dedicated to providing financial advisors with greater access to alternative investments and leading hedge fund managers otherwise unavailable to them due to high investment minimums and other barriers," Jacobs says. "These newest funds are an extension of that dedication and our commitment to developing investment solutions that meet the needs of an evolving market environment." 

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