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Hatteras Funds David Perkins

Hedge fund manager Hatteras Funds to split from RCS Capital

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Hedge fund manager Hatteras Funds is to repurchase itself from RCS Capital Corporation and re-establish itself as an employee-owned alternative investment boutique.

Acquired by RCS Capital on 30 June, 2014, Hatteras Funds has continued to operate as an independent reporting segment over the past 16 months. Repurchasing the firm allows Hatteras to focus on providing innovative alternative investment solutions across the liquidity spectrum.
 
“We are excited to reestablish Hatteras as a 100 per cent employee-owned firm. We will continue to focus on providing alternative investment solutions designed to help Financial Advisors build better, more diversified portfolios for their clients,” says David Perkins (pictured), Chief Executive Officer. “We believe we are well-positioned to execute on our business plan because of our strong asset base and deep relationships with Financial Advisors.”
 
There will be no changes to Hatteras Funds’ leadership and portfolio management teams as a result of the transaction. Business operations and processes will not be impacted by the transaction. The transaction is subject to the approval of the Funds' boards and shareholders under the Investment Company Act of 1940 as well as to certain regulatory approvals and filings and other customary closing conditions. The transaction is expected to close in early 2016.

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