Private markets manager Portfolio Advisors will act as a sub-adviser to the $582-million Hatteras Core Alternatives Fund. Liquid alternative specialist firm Hatteras recently announced it would seek a new sub-adviser partner to improve the fund's performance. In selecting Portfolio Advisors, Hatteras said it would benefit "from more prudent and strategic utilization of hedge fund strategies specifically designed to offer volatility dampening and liquidity management."
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