RALEIGH, N.C. (HedgeWorld.com)–Hatteras Investment Partners’ move from the wealth management and endowments to hedge funds will solidify later this year with the launch of its first SEC-registered funds of funds.
Hatteras Multi-Strategy Fund I and II will be launched as soon as April 1 with an amendment forthcoming to change the name of Fund I to the TEI Fund LP, according to David Perkins, president and managing principal of Hatteras Investment Partners.
Hatteras was set up last year as Mr. Perkins made the transition from consulting to funds of funds management . The firm was co-founded by Mark W. Yusko, who is president and chief investment officer of Morgan Creek Capital Management LLC. Previously, Mr. Yusko was in charge of the investment program at UNC Management Co., Chapel Hill, N.C.
Officials hope to gather US$300 million in the combined funds. Together, the funds will invest in a master fund structure that was launched on Jan. 3.