Hatteras Managed Futures Strategies Fund Available On Schwab's Mutual Fund OneSource® Platform
Managed Futures Fund Offers Diversification through its Focus on Short Term Trading Strategies
RALEIGH, N.C., Jan. 17, 2013 /PRNewswire/ -- Hatteras Funds ("Hatteras"), a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, announces that the Hatteras Managed Futures Strategies Fund (HMFIX, HMFAX) is now available on the Charles Schwab Mutual Fund OneSource® Platform.
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The Hatteras Managed Futures Strategies Fund launched on September 27, 2012. The team has managed the strategy since September 2011 as one of the 5 strategies within Hatteras Alpha Hedged Strategies Fund (ALPHX, ALPIX). The Managed Futures Strategies Fund seeks to achieve positive returns in both rising and falling equity markets with an annualized level of volatility that is lower than historic equity markets.
"The Hatteras Managed Futures Strategies Fund is well-diversified and is designed to offer low correlation to both broad markets and other managed futures products. The Fund can be utilized to further diversify portfolios offering the potential for downside protection in a wide array of market environments," said Hatteras Funds' President Bob Worthington.
The Fund offers investors exposure to managed futures within a liquid, fully transparent and actively managed mutual fund. It is designed to provide low correlation to equities, bonds and other alternative investments. The Fund currently invests in 4 underlying Commodity Trading Advisors which tend to focus on short to intermediate term trading strategies, making it a potential complement to other longer-term trend following managers.
The Fund's 4 managers include Dominion Capital Management, 2100 Xenon Group, Northfield Trading and Revolution Capital Management.
"Our Fund is designed to potentially generate alpha in a variety of market conditions," said Mr. Worthington. "Our managers can react quickly to changes in the composition of and trading patterns within the futures markets."
For more information, please contact Jami Schlicher at 973-850-7309 or [email protected].
About Hatteras Funds
Hatteras Funds provides 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 www.hatterasfunds.com.
Important Disclosures and Key Risk Factors
Diversification does not assure a profit or protect against loss in a declining market.
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.
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 (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 as well as 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 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.
Correlation is a statistical measure of how two securities move in relation to each other.
Alpha measures excess return relative to the market; often referred to as a measurement of "manager skill."
The Funds are distributed by Hatteras Capital Distributors, LLC, an affiliate of Hatteras Alternative Mutual Funds by virtue of common control or ownership.
HAMF 01-2013-11
CONTACT: Jami Schlicher
JCPR
973-850-7309
[email protected]
SOURCE Hatteras Funds
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