has looked to within to find a new CIO for its alternative funds business.
, who has been with the Raleigh, North Carolina-based shop since 2009, will take on the chief investment job while continuing to serve as risk management director and co-PMing Hatteras Alternative Mutual Funds
Before he joined Hatteras, Murphy worked with Ivy Asset Management
"This well-deserved promotion recognizes the outstanding contributions he has made to the success of the Hatteras Alternative Mutual Funds.” stated Robert Worthington, President of Hatteras Funds.
The full company press release is below.
Company Press Release
Hatteras Funds Names Robert Murphy Chief Investment Officer of the Hatteras Alternative Mutual Funds
Will Continue as Co-Portfolio Manager of the Funds
RALEIGH, N.C. – August 20, 2012 – Hatteras Funds (“Hatteras”), a
boutique alternative investment
specialist providing unique alternative investment solutions for
financial advisors and their clients,
announced that Robert J. Murphy, CFA, FRM, CAIA, has been promoted to
Chief Investment Officer
of the Hatteras Alternative Mutual Funds. In this role he is
responsible for leadership and strategic
direction of the investment team, in addition to his continued role as
Director of Risk Management.
Mr. Murphy continues to serve as Co-Portfolio Manager of the Hatteras
Alternative Mutual Funds,
alongside Mike Hennen.
“Bob Murphy is a finance industry veteran with more than 25 years of
experience. This well-deserved
promotion recognizes the outstanding contributions he has made to the
success of the Hatteras
Alternative Mutual Funds.” said Robert Worthington, President of
Hatteras Funds. “I am very pleased
with the team’s experience and the Funds’ results since Hatteras
became the Funds’ advisor in 2009.
Further defining the roles of the investment team reflects the growth
of our business and is consistent
with our long-term business plan to develop the resources and
infrastructure of the Firm. ”
Hatteras Funds manages several liquid alternative mutual funds
including Hatteras Alpha Hedged
Strategies Fund (ALPHX, ALPIX), a multi-strategy, multi-manager fund
offering daily liquidity and
position level transparency. Additionally, Hatteras Funds manages
several single-strategy, multimanager alternative mutual funds
including Hatteras Long/Short Equity Fund (HLSAX, HLSIX) and
Hatteras Long/Short Debt Fund (HFIAX, HFINX).
Prior to joining Hatteras in 2009, Mr. Murphy was with Ivy Asset
Management Corp. LLC, a division
of BNY Mellon Asset Management, where he served as a Managing Director
in the Investments
Group and in the Investment Products and Strategy Group. In this role
he was responsible for
investment research, assisted product development and portfolio
management. He was also
previously a Partner and Director of Risk Management at Meridian
Capital Partners and held senior
fixed income investment banking positions with A.G. Edwards, Cowen &
Lufkin & Jenrette, and Bear Stearns & Co., Inc.
Mr. Murphy received his Bachelor of Arts and Master of Business
Administration degrees from the
State University of New York at Albany. He earned his designation as a
Chartered Financial Analyst
(CFA) and has also earned designations as a Financial Risk Manager
(FRM) and Chartered
Alternative Investment Analyst (CAIA).
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 hatterasfunds.com.
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