Hatteras Managed Futures Strategies Fund
- Designed to Provide Low Correlation to other Asset Classes
An alternative investment strategy designed to diversify portfolios through low correlation to equities, fixed income, and other alternative investments
- Exposure to Specialized Strategies
Diversified across multiple strategies with an emphasis on short-term models that can adapt quickly to changing markets
- Multi-Manager Approach
Managers with experience executing futures strategies across multiple markets, models, and time frames
- Fund Assets: $28M
- Inception Date: 9/28/2012
- Minimum Investment: $1,000,000 (Class I)
- Subsequent Investment: $250
As of September 30, 2016
Michael P. Hennen, CFA
Head of Investment Management
Michael Hennen serves as head of investment management. In this role, Mike oversees and provides strategic direction for Hatteras' investment team. In his role as portfolio manager, Mike’s responsibilities include asset allocation, portfolio construction, and risk management.
Prior to joining our team, Mike was a vice president at Morgan Stanley in the Graystone Research Group-- an alternative investments advisory group within Morgan Stanley-- where he led the sourcing, evaluation, execution, and monitoring of alternative investments across a variety of strategies. Before joining Morgan Stanley, Mike was an analyst at Morningstar in Chicago. He received his Bachelor of Business Administration degree in Finance from Western Michigan University. Mike has also earned his designation as a chartered financial analyst (CFA).
Thomas P. Riegert, CFA
Vice President, Manager Research
Thomas Riegert’s primary responsibilities include hedge fund manager sourcing, research and due diligence, support of portfolio management, and macro-economic research for the Hatteras Alternative Mutual Funds. Prior to joining Hatteras, Tom was an Investment Manager and Assistant Vice President in Wealth Management at Wells Fargo in Charlotte, NC. Previously, Tom held positions at Evergreen Investments including Associate Portfolio Manager and Quantitative Research Analyst. Tom received his Bachelor of Business Administration in Finance and Marketing from Ohio University. Tom has also earned his designation as a Chartered Financial Analyst (CFA).
Bryan P. Lloyd, FRM
Senior Associate, Risk Management
Bryan Lloyd’s primary responsibilities include support of the portfolio management team, quantitative research and reporting, and manager due diligence. Prior to joining Hatteras Funds, Bryan participated in NSF-Funded Mathematics Research in the area of Partial Differential Equations at the University of North Carolina. Bryan graduated from the University of North Carolina at Chapel Hill with Honors in Mathematics and a Bachelor of Science degree in Mathematics. Bryan has also earned his designation as a Financial Risk Manager (FRM).
Christian R. Gannon, CAIA
Senior Associate, Investment Management
Christian Gannon serves as an investment analyst for the team. Christian’s responsibilities include manager updates, prospective manager research, and database maintenance. Prior to joining Hatteras Funds, Christian worked at Wells Fargo as an Investment Analyst, where he supported senior portfolio managers within process involvement activities. Previously, he served as an intern at US Trust and Archer Investment Management in Raleigh, NC. Christian received both his Bachelor of Arts Degree in Business Administration and his Masters of Business Administration degree from Campbell University. Christian has also earned his designation as a Chartered Alternatives Investment Analyst (CAIA).
|As of February 28, 2017||Ticker||Month %||YTD %||1 Yr %||3 Yr %||5 Yr %||10 Yr %||Since Inception %|
|BofA ML 3Mo Treasury Bill||-||0.05||0.09||0.39||0.18||-||-||0.14|
|HFRX Macro: Sys. Div. CTA Index||-||-||-||-||-||-||-||-|
|As of December 31, 2016||Ticker||Quarter %||YTD %||1 Yr %||3 Yr %||5 Yr %||10 Yr %||Since Inception %|
|BofA ML 3Mo Treasury Bill||-||0.06||0.34||0.34||0.15||-||-||0.14|
|HFRX Macro: Sys. Div. CTA Index||-||-||-||-||-||-||-||-|
Performance data quoted represents past performance; past performance does not guarantee future results. Net Fund Operating Expenses borne by the investor and paid each year as a percentage of the investment’s value, are contractually capped at 1.99% for HMFIX through at least June 30, 2017, excluding dividends on short positions and interest on borrowing, as well as other extraordinary expenses. Total Annual Fund Operating Expenses are 2.63% for HMFIX. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end please call 877.569.2382. The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses.
|Hatteras Managed Futures Strategies Fund|
|Statements of Additional Information|
Important Disclosure and Risk Factors
The Fund’s 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 hatterasfunds.com. Read it carefully before investing.
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 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 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 (affiliated) 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;
- shares of other non-affiliated investment companies primarily including ETFs.
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’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 Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.