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Hatteras Launches Managed Futures Strategies Fund.

New Mutual Fund Offers Diversified Portfolio of Managed Futures Managers

RALEIGH, N.C., Oct. 2, 2012 /PRNewswire/ -- Hatteras Funds("Hatteras"), a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, has launched a new mutual fund, the Hatteras Managed Futures Strategies Fund (HMFIX, HMFAX).

The new Fund invests in an existing $56 million strategy of the Hatteras Alpha Hedged Strategies Fund (ALPHX, APHAX, APHCX, ALPIX), a multi-strategy, multi-manager alternative mutual fund. The Hatteras Alternative Mutual Fund family manages nearly $700 million in assets and offers investors position-level transparency, daily liquidity and the opportunity to increase allocations to alternatives without decreasing liquidity. The Hatteras Alpha Hedged Strategies Fund marked its 10-year anniversary on September 23, 2012. It's managed futures strategy now will be offered as a standalone fund and currently has four managed futures managers in the portfolio.

"The Hatteras Managed Futures Strategies Fund is another Hatteras alternative investment vehicle designed to help advisors and investors allocate more to alternatives without sacrificing liquidity," said Bob Worthington, President of Hatteras Funds. "This Fund draws upon our ability to create a diversified portfolio of managed futures managers to potentially dampen volatility while also offering the potential portfolio benefits of non-correlation associated with this asset class."

The Hatteras Managed Futures Strategies Fund offers Class I (HMFIX) and Class A (HMFAX) shares at very competitive expense ratios. Dominion Capital Management, 2100 Xenon Group, Northfield Trading, and Revolution Capital Management serve as the Fund's managers. The Fund's managers are uniquely positioned within the managed futures space because they rely more on short to intermediate term trends.

"Hatteras has focused on building a portfolio of managers that potentially offer significant alpha," said Mr. Worthington. "By not tying themselves to a single model and frequently creating new models or enhancing existing models, our managers are able to quickly recognize changes in composition and trading patterns within the futures market."

For more information, please contact Jami Schlicher at 973-850-7309 or

About Hatteras Funds Hatteras Funds is a boutique alternative investment specialist dedicated to providing unique alternative investment solutions for financial advisors and their clients. Founded in 2003, Hatteras provides retail investors with access to the same sophisticated investment approach and superior management talent as the largest institutions. The Raleigh, N.C.-based firm manages $2 billion in alternative investment strategies for a broad range of institutions, endowments, pensions and high-net-worth individuals. For more information, please visit

Alpha measures excess return relative to the market; often referred to as a measurement of "manager skill." Beta is a measure of a fundos risk relative to the benchmark. Correlation is a statistical measure of how two securities move in relation to each other.

Diversification does not assure a profit or protect against a loss.

Important Disclosures and Key Risk Factors The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The summary prospectus and prospectus contain this and other important information about the investment company, and may be obtained by calling 877.569.2382 or visiting Read it carefully before investing.

Key Risk Factors: Exposure to the commodities markets through investment in managed futures programs may subject the Fund to greater volatility than investment in traditional securities. Certain hedging techniques and leverage employed in the management of the Fund 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 Fund. 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 Fund. Options held in the Fund 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 Fund may also invest in shares of other investment companies that invest in securities and styles similar to the Fund, resulting in a generally higher investment cost than from investing directly in the underlying shares of these funds.

The Fund intends 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. There is no assurance that these strategies will protect against losses. The Fund is non-diversified and therefore may invest in the securities of fewer issuers than diversified funds at any one time; as a result, the gains and losses of a single security may have a greater impact on the Fund's share price. The Fund's investment strategy may result in high turnover rates which may increase short-term capital appreciation and increase brokerage commission costs negatively impacting the Fund.

Because the Fund is a fund-of-funds, your cost of investing in the Fund will generally be higher than the cost of investing directly in the shares of the mutual fund in which it invests. By investing in the Fund, you will indirectly bear your share of any fees and expenses charged by the underlying fund, in addition to indirectly bearing the principal risks of the fund. Please refer to the summary prospectus or prospectus for more information about the Fund, including risks, fees and expenses.

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 Fund may not be suitable for all investors.

The Funds are distributed by Hatteras Capital Distributors, LLC, an affiliate of Hatteras Alternative Mutual Funds by virtue of common control or ownership.


Jami Schlicher



SOURCE Hatteras Funds
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Publication:PR Newswire
Date:Oct 2, 2012
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