Company Press Release

RALEIGH, N.C.--Hatteras Funds, a leading provider of unique alternative investment solutions specifically designed for financial professionals, announced today that Brian Jacobs has been named Chief Executive Officer.

Founder and former CEO David B. Perkins, CAIA, will continue as Chairman, working closely with Mr. Jacobs on overall corporate strategy and investment management. Mr. Jacobs will lead a senior executive team of Robert Worthington, President, Michael Fields, Chief Operating Officer, and Lance Baker, Chief Financial Officer.

“Brian is a proven leader with 26 years of broad industry experience who can take Hatteras to the next level,” said Mr. Perkins. “He has a deep understanding of financial professionals and their clients’ needs, and a successful track record at global asset management firms. He will advance our mission to bring institutional-quality alternative investments to financial professionals and their clients, while providing the education and support they need to invest with confidence. We believe alternative investments are now at an inflection point, we want Hatteras to continue to be the choice for financial professionals."

“I’m thrilled to join Hatteras and the executive team David has assembled. The Hatteras team has built an ideal model with a remarkable infrastructure to help financial advisors and their clients,” said Mr. Jacobs. “With demand for alternative investments growing, Hatteras has clearly distinguished itself among its competitors with its investment management, distribution, and operations excellence. We are in a position to capitalize and grow.”

“The firm selectively partners with best-in-class alternative investment managers possessing an identifiable edge to create portfolio solutions specifically designed for financial advisors. Hatteras adds an additional layer of investment management, risk management, and due diligence to truly enhance the products it offers,” continued Mr. Jacobs. “We will continue to help advisors achieve their goals by delivering a spectrum of alternatives and educating them on how to integrate these products with traditional investments.”

Founded in 2003, Hatteras Funds manages $1.8 billion across a broad range of alternative investment strategies. These include:

hedge funds and private investments in one fund managed through a joint venture with Morgan Creek Capital Management;

a fund of hedge funds sub-advised by Ramius Alternative Solutions;

a global private equity fund of funds sub-advised by Capvent;

a venture capital co-investment fund managed by the Hatteras investment team;

open-end mutual funds with multiple hedge fund managers and strategies managed by the Hatteras investment team.

From 2000 to 2008, Mr. Jacobs was Managing Director at Allianz Global Investors, where he led sales and distribution of the PIMCO and Allianz mutual funds, as well as managed accounts and closed-end funds to the financial advisor community. While there, he managed 200 employees and the firm’s assets grew from $20 billion in 2000 to more than $140 billion in 2008. Immediately before joining Allianz / PIMCO, Mr. Jacobs spent ten years with Eaton Vance as Director of Sales. During his tenure, assets at Eaton Vance grew from $8 billion in 1990 to more than $80 billion in 1999. Most recently, Mr. Jacobs was Chief Distribution Officer at Baron Capital. He began his career in 1984 as a financial advisor in New York.

Active in industry forums, Mr. Jacobs served as the 2008 Chairman of the Board of Governors for the Money Management Institute (MMI) and is a Member of the Board of Trustees of the Foundation for Financial Planning. He earned a BA in Economics from Montclair State University and he holds the Certified Investment Management Analyst SM (CIMA®) designation.

To further its leadership position in alternative asset management, Hatteras will bring aboard additional top talent in sales and client services in the near future. The firm expects no fundamental changes to its institutional-quality investment management, risk management, and due diligence processes.

About Hatteras Funds

Hatteras is a leading provider of unique alternative investment solutions specifically designed for financial advisors. Hatteras and its affiliated entities were founded in 2003 to give investors access to institutional-quality alternative investments and the education and support to invest with confidence. Hatteras partners with best-in-class alternative investment firms whose unique skill, experience and investment focus are crucial to the design and structure of investment products that solve specific portfolio needs. Hatteras empowers investors by delivering the strategies, managers, process discipline and quality that are typically only available to portfolios with more than $1 billion in assets.

Hatteras Funds offers a suite of alternative investment solutions to meet the varying needs of financial advisors, from liquid alternative mutual funds to traditional funds of hedge funds. For more information visit http://www.hatterasfunds.com

You should consider a fund’s investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Hatteras sponsored investment products, call 866-388-6292 or visit hatterasfunds.com or hatterasmutualfunds.com. Please read the respective prospectus carefully before investing.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of Hatteras’ sponsored investment products, general economic conditions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. Hatteras Funds undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

The information contained in this press release is not indicative of the past or future performance of any Hatteras product and should not be considered as investment advice or a recommendation by Hatteras Funds of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. This information is provided for informational purposes only.

Securities distributed, placed or offered through Hatteras Capital Distributors, LLC, member FINRA/SIPC. 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 or ownership.


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