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Rating:An Alt Fund Gains Access to Schwab’s Platform Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 17, 2013

An Alt Fund Gains Access to Schwab’s Platform

Reported by Tommy Fernandez

Hatteras Funds’ [profile] Managed Futures Strategies Fund is now available on the Charles Schwab Mutual Fund OneSource Platform.

The fund is managed by four shops: Dominion Capital Management, 2100 Xenon Group, Northfield Trading and Revolution Capital Management.

Schwab recently announced bolstered functionality on the platform for fundsters. Here is the press release:


Company Press Release

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. – January 17, 2013 – 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.

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.”

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.

 

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