Alternative mutual fund shop Hatteras Funds has launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which will bet on “multiple” hedge fund managers incorporating alpha strategies including long/short equity, market neutral, relative value – long/short debt, event driven and managed futures strategies.
The fund made its debut on the flat-fee variable annuity platform of Jefferson National last month. It has total annual fund operating expenses of 387 basis points an is managed by Michael P. Hennen and Robert Murphy.
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