Hatteras Reduces Fees of its Managed Futures Strategies Fund

Hatteras Funds, a provider of alternative investments for financial advisors and their clients, restructured its Managed Futures Strategies Fund (HMFIX). Hatteras cut fees by 20 percent bringing the total overall expense ratio to 1.99 percent for the I shares.

The Hatteras Managed Futures Strategies Fund is a multi-manager fund that provides access to two investment managers, ROW Asset Management, a multi-strategy program, and Revolution Capital Management, a short-to-intermediate term commodity trading advisor.

“As the industry continues to evolve, we are excited to now be able to offer financial advisors and their clients access to managed futures strategies with greater transparency and at a reduced fee,” said David Perkins, chief executive officer of Hatteras Funds.

He added, “We believe the fund’s dedicated allocation to specialized strategies with an emphasis on short-term models provides a valuable complement to the many traditional long-term trend following funds that dominate the industry…The [fund] provides low correlation to traditional stocks and bonds, and because of its mutual fund structure, makes these strategies available to a greater number of advisors and their clients.”

Over the 1-year period, the Managed Futures Strategies Fund ranks in the top 10 percent out of the 170 funds in the Morningstar managed futures category, based on performance net of fees and expenses.

Founded in 2003, Hatteras Funds is a boutique alternative investment specialist that offers a suite of products designed to help allocate to alternative investments.