Hatteras Funds has promoted Robert Murphy chief investment officer of the Hatteras Alternative Mutual Funds.
In his new role, Murphy is responsible for leadership and strategic direction of the investment team, in addition to his continued role as director of risk management. Murphy continues to serve as co-portfolio manager of the Hatteras Alternative Mutual Funds, along with Mike Hennan.
Hatteras Funds manages several liquid alternative mutual funds including Hatteras Alpha Hedged Strategies Fund, a multi-strategy, multi-manager fund offering daily liquidity and position level transparency. The company also manages several single-strategy, multi-manager alternative mutual funds including Hatteras Long/Short Equity Fund and Hatteras Long/Short Debt Fund.
Prior to joining Hatteras in 2009, Murphy served as a managing director in the investments group and the investment products and strategy group at BNY Mellon Asset Management. In this role he was responsible for investment research, assisted product development and portfolio management. He was also previously a partner and director of risk management at Meridian Capital Partners and held senior fixed income investment banking positions with A.G. Edwards, Cowen & Co., Donaldson, Lufkin & Jenrette, and Bear Stearns & Co.