Hatteras Funds this week launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which made its debut on the flat-fee variable annuity platform of Jefferson National last month and will bet on “multiple” hedge fund managers. But the firm is just getting started distributing its wares in the insurance channel.

Robert Worthington, president of Hatteras, told Money Management Executive that the firm is currently talking with a number of medium and large insurance companies and “we’re in pretty serious discussions with one”. He anticipates inking another deal with an insurance concern in the fourth quarter.

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