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Slide #53. RCS Capital Corporation — Hatteras Funds Group
RCS Capital Corporation (RCAP)
Hatteras Funds Group
RCS Capital Corporation ("RCAP") (NYSE: RCAP) announced today that on October 1, 2013, a newly formed wholly-owned subsidiary of RCS Advisory Services, LLC, which is an operating subsidiary of RCAP, has entered into an agreement to acquire substantially all the assets related to the business and operations of, and acquire certain liabilities of, a group of related companies (the "Hatteras Funds Group") that manage and distribute the Hatteras Funds ("Hatteras Funds"), a family of funds that provides alternative investment solutions to financial advisors through SEC-registered investment companies and other investment vehicles. Following the closing of the acquisition, the Hatteras Funds Group and the Hatteras Funds will continue to operate under current management and the "Hatteras" brand.
RCS Capital is a holding company. Co. operates through its subsidiaries in six segments: Independent Retail Advice, which provides independent retail advice, financial products and investment solutions; Wholesale Distribution, which provides financial products and investment solutions through its wholesale distribution; Investment Banking, Capital Markets and Transaction Management Services, which provides direct investment programs; Investment Management, which provides investment advisory and distribution to the Hatteras family; Investment Research, which provides due diligence on investment products; as well as Corporate and Other, which includes its crowdfunding investment platform.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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