Raleigh, North Carolina-based Hatteras Funds [see profile]
is gearing up its alternative mutual funds' sales and distribution teams to catch what it thinks will be an upswing in the alternative space starting in 2012.
For starters, Brian Jacobs
, chief executive officer, confided to the MFWire
that the firm today brought on board a national accounts manager to cover the independent B-D channel. The firm in October added
four new hires to its national sales team.
The firm last month also hired Advisors Asset Management
to distribute Hatteras Funds' alternative mutual funds at Merrill Lynch
and Wells Fargo
As well, Jacobs said his firm is currently readying a managed futures fund of funds to be added to its current lineup in late Q1 2012. The offering, which will be PMed by Mike Hennen
and Robert Murphy
, will employ four to five small-to-medium-sized managers.
"2012 appears to be the year that alternatives are embraced in a much bigger way by advisors," said Jacobs. "The structures of these offerings will also open up a bit more. Advisors will be using a broader range of structures in order to implement alternatives such as traditional LPs, daily liquid products, UCITS and SMAs. We also expect to see clarity around the use and implementation of liquid versus illiquid structures."
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