| 19.09.2026 Opalesque Exclusive: Hatteras rejected a 20% haircut and lost three quarters of the fund |
| Matthias Knab, Opalesque for New Managers: In December 2019, the board of the Hatteras funds had a decision to make. Two established secondary brokers had each looked at the portfolio and come back with much the same answer: liquidating it would take about a year and cost roughly 20% of net asset value. The board found that unattractive and sent the adviser away to find something better. |
| Article source: https://www.sec.gov/enforcement-litigation/administrative-proceedings/34-106418-s - Opalesque is not responsible for the content of external internet sites |