Hatteras mutual funds to be distributed by Advisors Asset Management

By Tali David

Minneapolis, Nov. 7 - Hatteras Funds announced that it has selected Advisors Asset Management to distribute its mutual funds. AAM will now service the Hatteras alternative mutual funds to the 20,000 financial advisors at Merrill Lynch and Wells Fargo.

"We are pleased to be working with such an experienced partner as AAM to better service and support the Financial Advisors at Merrill Lynch and Wells Fargo," Brian Jacobs, CEO of Hatteras Funds, said in a release. "Sixty AAM sales professionals supported by 12 Hatteras Funds' alternative investment specialists will provide a comprehensive and powerful distribution effort."

Hatteras is Raleigh, N.C.-based alternative investment specialist that provides alternative investment solutions. AAM offers access to the fixed-income markets, as well as portfolio analytics, UITs, ETFs, structured products, separately managed accounts and alternative investments.

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