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    Fixed Income Alternatives: Diversifying Your Fixed Income Allocation

    Fund Literature

    Hatteras Alternative Mutual Funds

    General Fund Literature

    Fund Literature

     Fact SheetSummary ProspectusProspectusAnnual ReportSemi-Annual ReportSAIXBRL
    Alpha Hedged Strategies Fund Hatteras Alpha Hedged Strategies Fund Fact Sheet March 31, 2013 Hatteras Alpha Hedged Strategies Fund Summary Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Annual Report December 31, 2012 Hatteras Alternative Mutual Funds Semi-Annual Report June 30, 2012 Hatteras Alternative Mutual Funds Statement of Additional Information April 2013 Hatteras Alpha Hedged Strategies Fund XBRL
    Long/Short Equity Fund Hatteras Long/Short Equity Fund Fact Sheet March 31, 2013 Hatteras Long/Short Equity Fund Summary Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Annual Report December 31, 2012 Hatteras Alternative Mutual Funds Semi-Annual Report June 30, 2012 Hatteras Alternative Mutual Funds Statement of Additional Information April 2013 Hatteras Long/Short Equity XBRL
    Long/Short Debt Fund Hatteras Long/Short Debt Fund Fact Sheet March 31, 2013 Hatteras Long/Short Debt Summary Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Annual Report December 31, 2012 Hatteras Alternative Mutual Funds Semi-Annual Report June 30, 2012 Hatteras Alternative Mutual Funds Statement of Additional Information April 2013 Hatteras Long/Short Debt Fund XBRL
    Managed Futures Strategies Fund Hatteras Managed Futures Strategies Fund Fact Sheet March 31, 2013 Hatteras Managed Futures Strategies Fund Summary Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Annual Report December 31, 2012   Hatteras Alternative Mutual Funds Statement of Additional Information April 2013 Hatteras Managed Futures Strategies XBRL
    Hedged Strategies Fund Hatteras Hedged Strategies Fund Fact Sheet March 31, 2013 Hatteras Hedged Strategies Fund Summary Prospectus April 30, 2013 Hatteras Hedged Strategies Fund Prospectus April 30, 2013 Hatteras Alternative Mutual Funds Annual Report December 31, 2012 Hatteras Hedge Strategies Fund Semi-Annual Report June 30, 2012 Hatteras Alternative Mutual Funds Statement of Additional Information April 2013 Hatteras Hedged Strategies Fund XBRL
    Underlying Funds Trust       Hatteras Alternative Mutual Funds UFT Annual Report December 31, 2012 Hatteras Alternative Mutual Funds UFT Semi-Annual Report June 30, 2012    

    Hatteras Core Alternatives Fund

    General Fund Literature

    Fund Literature

     Fact SheetProspectusAnnual ReportSemi-Annual ReportSAI
    Core Alternatives Fund, L.P. Hatteras Core Alternatives Fund Fact Sheet March 31, 2013 Hatteras Core Alternatives and TEI Funds Prospectus July 31, 2012 Hatteras Core Alternatives Fund Annual Report March 31, 2012 Hatteras Core Alternatives Fund Semi-Annual Report September 30, 2012 Hatteras Core Alternatives Fund, L.P. Statement of Additional Information July 31, 2012
    Core Alternatives TEI Fund, L.P. Hatteras Core Alternatives TEI Fund Fact Sheet March 31, 2013 Hatteras Core Alternatives and TEI Funds Prospectus July 31, 2012 Hatteras Core Alternatives Fund Annual Report March 31, 2012 Hatteras Core Alternatives Fund Semi-Annual Report September 30, 2012 Hatteras Core Alternatives Fund, L.P. Statement of Additional Information July 31, 2012
    Core Alternatives Institutional Fund, L.P. Hatteras Core Alternatives Institutional Fund Fact Sheet March 31, 2013 Hatteras Core Alternatives Institutional and TEI Institutional Funds Prospectus July 31, 2012 Hatteras Core Alternatives Fund Annual Report March 31, 2012 Hatteras Core Alternatives Fund Semi-Annual Report September 30, 2012 Hatteras Core Alternatives Institutional Fund, L.P. Statement of Additional Information July 31, 2012
    Core Alternatives TEI Institutional Fund, L.P. Hatteras Core Alternatives TEI Institutional Fund Fact Sheet March 31, 2013 Hatteras Core Alternatives Institutional and TEI Institutional Funds Prospectus July 31, 2012 Hatteras Core Alternatives Fund Annual Report March 31, 2012 Hatteras Core Alternatives Fund Semi-Annual Report September 30, 2012 Hatteras Core Alternatives Institutional Fund, L.P. Statement of Additional Information July 31, 2012

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    Hatteras Core Alternatives Fund Applications

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    Information Statements

    Defining Alternatives

    No investment is risk free, loss of principal is possible. Alternative investments involve specific risks that may be greater than those associated with traditional investments. You should consider the special risks with alternative investments including limited liquidity, tax considerations, incentive fee structures, potentially speculative investment strategies, and different regulatory and reporting requirements. There can be no assurance that any investment will meet its performance objectives or that substantial losses will be avoided.

    Securities offered through Hatteras Capital Distributors, LLC, member of FINRA / SIPC, 8540 Colonnade Center Drive, Suite 401, Raleigh, NC 27615-3052. Hatteras Capital Distributors, LLC is affiliated with Hatteras Investment Partners, LLC, Hatteras Capital Investment Management, LLC and Hatteras Alternative Mutual Funds, LLC by virtue of common control/ownership.

    Investors should consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the Funds and may be obtained by clicking here or calling 877.569.2382 for the Hatteras Alternative Mutual Funds and 866.388.6292 for the Hatteras Core Alternatives Fund. Read it carefully before investing.

    For further information, please contact us at hatteras@hatterasfunds.com or visit the Contact Us page. Certain links may direct you away from hatterasfunds.com to a site that is unaffiliated with Hatteras Funds. Hatteras Funds has not been involved in the preparation of the content supplied at the unaffiliated site and does not guarantee or assume any responsibility for its content.