Hatteras Funds, a provider of alternative investment solutions for Financial Advisors and their clients, has restructured its Managed Futures Strategies Fund (HMFIX) to provide greater transparency and reduce overall fund expenses for investors. 

Hatteras has cut fees by 20 per cent bringing the total overall expense ratio to 1.99 per cent for the I shares.

The Hatteras Managed Futures Strategies Fund (HMFIX) is a multi-manager solution that offers Financial Advisors and their clients a portfolio diversification tool with the benefits of low correlation to traditional stocks and bonds. The Fund provides access to two experienced investment managers, ROW Asset Management (an experienced multi-strategy program) and Revolution Capital Management (a short to intermediate term Commodity Trading Advisor), each with a long track record and expertise in specialized managed futures strategies across markets, models and time frames. When combined, these managers provide the potential for enhanced risk-adjusted returns. Over the one-year period, the Fund ranks in the top 10 per cent of all Funds in the Morningstar Managed Futures category.

“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,” says David Perkins (pictured), CEO of Hatteras Funds. “We believe the Fund’s dedicated allocation to specialised 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. At Hatteras, we believe in delivering solutions that meet the needs of Financial Advisors and their clients. The Hatteras Managed Futures Strategies 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.”