Michael J. Hutten Rejoins Hatteras As Executive Director

RALEIGH, N.C., Aug. 8, 2012 /PRNewswire/ -- Hatteras Funds ("Hatteras"), a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, has announced that Michael J. Hutten has returned to the firm as Executive Director.

Mr. Hutten will lead sales initiatives in the Western U.S. region, focusing on business development and client relations, serving Investment Consultants, RIAs, and Broker/Dealers.

Hatteras believes that advisors will continue to face challenges using only equities, bonds and cash to create portfolios that meet investors' return targets. This may require advisors to adjust their asset allocation and portfolio construction strategies to incorporate greater allocations to alternative investments. Mr. Hutten will play a key role in harnessing the opportunities stemming from this growing demand for alternative investments.

"Our growth strategy involves structuring solution-oriented products that address the needs of advisors, and this requires someone who asks advisors the right questions and listens effectively," said Robert B. Brown, Director of Sales and Marketing at Hatteras Funds. "For almost 20 years, Mike has developed solid relationships with advisors and consultants in large part because he understands their business and listens to what they have to say. Mike's experience, knowledge and client-focused drive will enable us to exceed expectations and expand our services to advisors and end-clients throughout the Western U.S."

Mr. Hutten, who is based in Santa Barbara, Calif., served as Western Regional Director at Hatteras from August 2006 until March 2011. Prior to joining Hatteras, he held roles at Santa Barbara Alpha Strategies, the Alternative Specialist Group at Gartmore Global Investments and Montgomery Partners, the alternative investment division of Montgomery Asset Management.

"Hatteras is an industry leader in providing innovative alternative investment solutions to advisors. As demand for alternative investments continue to gain momentum, I look forward to helping financial advisors and their clients achieve their long-term investment goals," said Mr. Hutten. "Hatteras is an experienced organization that focuses upon and understands its clients, what challenges they face and offers products that serve their portfolio needs."

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 and 866.388.6292 for the Hatteras Core Alternatives Fund. 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