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Robert Worthington Bailey McCann, Opalesque New York:
Building on the growth trend in retail hedge products, North-Carolina-based Hatteras Funds has partnered with insurer Jefferson National to launch a hedged variable trust fund that avoids all tax liability and also offers investors the immediate liquidity commonly associated with retail products. The Hatteras Alpha Hedged Strategies Variable Fund invests in multiple hedge fund strategies and multiple hedge fund managers and provides daily liquidity while eliminating tax liabilities by being a tax-deferred variable annuity.
The Fund seeks to obtain consistent returns while maintaining a high correlation to the HFRI Fund of Funds Composite Index and low correlation to traditional financial market indices. The Fund was unveiled on the flat-fee variable annuity platform of Jefferson National, a provider of tax-deferred investing solutions for Registered Investment Advisors (RIAs) and fee-based advisors, on June 15, 2012. It is the only multi-strategy, multi-manager alternative option available on Jefferson Nationals flat-fee variable annuity platform.
"What we have offered with this product is access to our hedge strategies and managers, but with the benefits of an annuity," says Robert Worthington, President of Hatteras, in an interview with Opalesque. "It gives people the opportunity to dampen the volatility of their portfolio and still access hedge strategies."
The Funds strategies are similar to the ...................... To view our full article Click here
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