RALEIGH, N.C., Aug. 20, 2012 /PRNewswire/ -- 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, multi-manager 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 & Company, Donaldson, 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).
For more information, please contact Jami Schlicher at 973-850-7309 or [email protected].
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.
Investors should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the Funds and may be obtained by clicking here or calling 877.569.2382 for the Hatteras Alternative Mutual Funds. Read it carefully before investing.
No investment is risk free, loss of principal is possible. Alternative investments involve specific risks that may be greater than those associated with traditional investments. You should consider the special risks with alternative investments including limited liquidity, tax considerations, incentive fee structures, potentially speculative investment strategies, and different regulatory and reporting requirements. There can be no assurance that any investment will meet its performance objectives or that substantial losses will be avoided.
Securities offered through Hatteras Capital Distributors, LLC, member of FINRA / SIPC, 8540 Colonnade Center Drive, Suite 401, Raleigh, NC 27615-3052. 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/ownership.
SOURCE Hatteras Funds