April 29, 2010

Alternative Investment Firm Hatteras Names Brian Jacobs CEO

Former Allianz/PIMCO sales executive replaces founder Perkins

Hatteras Funds, an asset management firm that specializes in making alternative investing strategies available in mutual fund formats, as well as other products, to advisors, named Brian Jacobs as CEO on Wednesday, April 28. Jacobs will take on the chief executive duties at Hatteras, which manages $1.8 billion in assets, currently held by its founder David Perkins, who remains chairman of the Raleigh, North Carolina-based firm.

Most recently, Jacobs was chief distribution officer at Baron Capital. Before that, he was a managing director in charge of sales and distribution at Allianz Global Investors/PIMCO, where he spent eight years (2000-2008); prior to that position, he was director of sales at Eaton Vance.

In a prepared statement announcing the appointment, Perkins said Jacobs "has a deep understanding of financial professionals and their clients' needs...We believe alternative investments are now at an inflection point, we want Hatteras to continue to be the choice for financial professionals."

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