Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hatteras Is Breaking Free Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 10, 2015

Hatteras Is Breaking Free

Reported by Neil Anderson, Managing Editor

Hatteras Funds is breaking free.

David Perkins
Hatteras Funds
Chief Executive Officer
Today Hatteras [profile] CEO David Perkins revealed that management at the 12-year-old, Raleigh, North Carolina-based alternative mutual fund shop has signed a letter of intent to buy Hatteras back from beleaguered RCS Capital Corporation. RCS bought Hatteras on June 30, 2014.

"We are excited to reestablish Hatteras as a 100 percent employee-owned firm," Perkins states.

The deal is slated to close early next year.

The Hatteras deal comes just as a deal with Apollo Global Management involving another RCS affiliate, AR Capital, is falling through. And Apollo is now paying a substantially reduced price for RCS Capital's wholesale distribution business. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use