Hatteras Alpha Hedged

Strategies Fund

Fund Investment Objectives

INVESTMENT OBJECTIVE: Hatteras Alpha Hedged Strategies Fund seeks to achieve consistent returns with low correlation to traditional financial market indices while maintaining a high correlation to the Hedge Fund Research, Inc. "HFRI" Fund of Funds Composite Index. FUND FOCUS: Designed as a core alternative investment solution for hedge fund strategies + Multiple hedge fund strategies + Multiple hedge fund managers FUND BENEFITS: Increase alternatives allocation withtout compromising liquidity + Asset allocation tool for efficient rebalancing + Daily liquidity