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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.