When Hatteras Funds hired Brian Jacobs as a consultant four months ago, the Raleigh, N.C., company was interested in gaining his perspective on ways to spur growth.

In the end, the company decided the best solution was to hire the consultant as its chief executive officer. Jacobs said he feels like he’s entered on the ground floor of a firm with a unique strategy. Hatteras provides alternative investment products and services, typically reserved for institutional investors, to financial advisors.

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