MutualFundWire.com: Jacobs Leaves Hatteras

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Monday, May 14, 2012

Jacobs Leaves Hatteras

After two years, Brian Jacobs is no longer leading Hatteras Funds [profile]. Founder David Perkins resumed the role of chairman and CEO of the company in mid-February. According to a release, this move "reaffirm[s] [Hatteras'] commitment and focus on providing financial advisers and their clients with alternative investment solutions across the liquidity spectrum."

In a phone interview, Jacobs said he was originally brought on as CEO of Hatteras "with a specific purpose to build the company in key areas," which he felt he had achieved. He originally consulted for Hatteras in early 2010 before joining the company as its CEO.

"[My departure] was straightforward and well planned out," Jacobs said.

Currently, Jacobs is consulting via Jacobs Strategic Consulting, LLC, specializing in alternative strategies, distribution and ETFs.

Company Press Release

HATTERAS FUNDS’ FOUNDER DAVID PERKINS RESUMES ROLE OF CHIEF EXECUTIVE OFFICER

RALEIGH, N.C. – February 13, 2012 – Hatteras Funds, a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, announced that David Perkins has resumed the role of Hatteras Funds’ CEO.

This decision was made to reaffirm our commitment and focus on providing financial advisors and their clients with alternative investment solutions across the liquidity spectrum. As Founder and Chairman, David has overseen the strategic vision of the firm since its inception in 2003.

Today, Hatteras Funds is positioned to operate with increased consistency, focus and clarity on providing financial advisors unique alternative investment solutions.

For more information, please contact Hatteras Funds at 866.388.6292 or hatterasfunds@hatterasfunds.com.

About Hatteras Funds
Hatteras Funds provides unique alternative investment solutions for financial advisors and their clients. We believe that all investors should have access to the same sophisticated investment approach and superior portfolio management talent as the largest institutions. A boutique alternative investment specialist founded in 2003, Hatteras Funds offers a suite of innovative products designed to help financial advisors allocate to alternative investments. The Raleigh, N.C.- based firm manages over $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.

This is not an offering to subscribe for units in any fund and is intended for informational purposes only. An offering can only be made by delivery of the Prospectus to "qualified clients" within the meaning of U.S. securities laws. Please carefully consider the investment objectives, risks, and charges and expenses of the Funds before investing. Please read the Prospectus carefully before investing as it contains important information on the investment objectives, composition, fees, charges and expenses, risks, suitability, and tax obligations of investing in the Funds. Copies of the Prospectus and performance data current to the most recent month-end may be obtained online at hatterasfunds.com or by contacting Hatteras Funds at 866.388.6292. Past performance does not guarantee future results.

Securities offered through Hatteras Capital Distributors, LLC, member FINRA/SIPC. Hatteras Capital Distributors, LLC is affiliated with Hatteras Investment Partners, LLC by virtue of common control/ownership. This document is not an offering to subscribe for units of any fund and is intended for informational purposes only.