Hatteras Funds, LP
Hatteras Funds, LP, also referred to as Hatteras Investment Partners, is a Raleigh, North Carolina–based investment adviser founded in 2003. The firm specializes in alternative investment solutions, mainly providing fund of funds strategies via closed-end funds and serving Registered Investment Advisors (RIAs), Family Offices, and Investment Consultants. The firm was a pioneer in designing diversified alternative investment solutions, experiencing strong growth and managing over $1.5 billion in assets at its peak. In 2021, it entered a process of liquidation following investor requests and sold its underlying assets to The Beneficient Company. Employee count is not currently published, but the firm has reported several executive and operational team members.
Investment Strategy
Hatteras Funds provided investors diversified exposure to private investments for return enhancement and complemented this with hedged investments designed for volatility and risk mitigation. The firm managed its funds in a registered format, periodically performing quarterly tender offers to offer liquidity to investors. Its strategy focused on balancing private equity opportunities with hedged asset classes, aiming for long-term growth and risk-adjusted returns, and serving clients seeking alternatives to traditional equity and fixed income allocations.