Battenkill to Sub-Advise Hatteras Alternative Mutual Funds

PRINCETON, N.J., July 27 /PRNewswire/ -- Battenkill Capital Management Inc. ("Battenkill"), a Princeton, NJ-based, SEC-registered investment adviser, today announced that it has been engaged as a sub-adviser by Hatteras Alternative Mutual Funds, LLC ("Hatteras"), a leading provider of unique alternative investment mutual fund products.  Battenkill will employ its Market Neutral strategy on behalf of Hatteras, which is located in Raleigh, North Carolina.

"Battenkill will primarily utilize pairs trades, combined with overlay directional trades," said Rick Franzen, the Portfolio Manager at Battenkill.  "Our trading focuses on an investment universe of companies within the energy, industrials and basic materials sectors which we have been covering in many cases for over a decade."

Battenkill was founded in 2007, and its principals have significant experience with both money management firms and trading and operations.    

"We believe Battenkill has demonstrated a strong record of investment performance and risk management expertise," said Bruce Vinci, Battenkill's President, "and we are delighted that a firm of Hatteras' stature has selected us as a sub-adviser."

CONTACT: Bruce Vinci, (609) 514-5128, [email protected]

You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Hatteras sponsored investment products, call 866-388-6292 or visit hatterasfunds.com or hatterasmutualfunds.com. Please read the respective prospectus carefully before investing.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of Hatteras' sponsored investment products, general economic conditions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. Hatteras Funds undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

The information contained in this press release is not indicative of the past or future performance of any Hatteras product and should not be considered as investment advice or a recommendation by Hatteras Funds of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. This information is provided for informational purposes only.

Securities distributed, placed or offered through Hatteras Capital Distributors, LLC, member FINRA/SIPC. Hatteras Capital Distributors, LLC is affiliated with Hatteras Investment Partners, LLC, Hatteras Capital Investment Management, LLC and Hatteras Alternative Mutual Funds, LLC by virtue of common control or ownership.

SOURCE Battenkill Capital Management Inc.