0000894189-13-003041.txt : 20130528 0000894189-13-003041.hdr.sgml : 20130527 20130528102930 ACCESSION NUMBER: 0000894189-13-003041 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130528 DATE AS OF CHANGE: 20130528 EFFECTIVENESS DATE: 20130528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hatteras Alternative Mutual Funds Trust CENTRAL INDEX KEY: 0001171324 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-86348 FILM NUMBER: 13873896 BUSINESS ADDRESS: STREET 1: 8540 COLONNADE CENTER DRIVE STREET 2: SUITE 401 CITY: RALEIGH STATE: NC ZIP: 27615 BUSINESS PHONE: 919-846-2324 MAIL ADDRESS: STREET 1: 8540 COLONNADE CENTER DRIVE STREET 2: SUITE 401 CITY: RALEIGH STATE: NC ZIP: 27615 FORMER COMPANY: FORMER CONFORMED NAME: AIP Alternative Strategies Funds DATE OF NAME CHANGE: 20090921 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Funds DATE OF NAME CHANGE: 20090917 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Alternative Mutual Funds, LLC DATE OF NAME CHANGE: 20090917 0001171324 S000032039 Hatteras Long / Short Debt Fund C000099763 Institutional Class HFINX C000099764 Class A HFIAX 497 1 hamft-497e_xbrl.htm SUPPLEMENTARY MATERIALS FOR XBRL (497E) Unassociated Document

 
Filed Pursuant to Rule 497(e)
1933 Act File No. 333-86348
1940 Act File No. 811-21079


EXPLANATORY NOTE

On behalf of Hatteras Alternative Mutual Funds Trust (the “Trust”), and pursuant to Rule 497(e) under the Securities Act of 1933, as amended (the “Securities Act”), the purpose of this filing is to submit an interactive data file in the manner provided by Rule 405 of Regulation S-T and General Instruction C.3.(g) of Form N-1A.  The interactive data file included as an exhibit to this filing relates to the Supplement filed with the Securities and Exchange Commission on behalf of the Trust pursuant to Rule 497(e) under the Securities Act on May 17, 2013; such form of Supplement (Accession Number 0000894189-13-002873) is incorporated by reference into this Rule 497 Document.


EXHIBIT LIST

Exhibit
Exhibit No.
Instance Document
EX-101.INS
Schema Document
EX-101.SCH
Calculation Linkbase Document
EX-101.CAL
Definition Linkbase Document
EX-101.DEF
Label Linkbase Document
EX-101.LAB
Presentation Linkbase Document
EX-101.PRE



EX-101.INS 2 ck0001171324-20130517.xml INSTANCE DOCUMENT 0001171324 2013-05-17 2013-05-17 0001171324 ck0001171324:S000032039Member 2013-05-17 2013-05-17 0001171324 ck0001171324:S000032039Member ck0001171324:C000099763Member 2013-05-17 2013-05-17 0001171324 ck0001171324:S000032039Member ck0001171324:C000099764Member 2013-05-17 2013-05-17 Hatteras Alternative Mutual Funds Trust 497 false 0001171324 2013-05-17 2013-05-17 2013-05-17 2013-04-30 Hatteras Long / Short Debt Fund HFINX HFIAX <table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">o&#160;&#160;</font> </div> </td> <td style="TEXT-ALIGN: left"> <div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Multi-Strategy / Relative Value.</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on realization of a spread between related yield instruments in which one or multiple components of the spread contains a fixed income, derivative, equity, real estate, MLP or combination of these or other instruments. 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By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments&#8217; exposures to interest rate and other general market risks.</font> </div> </td> </tr> </table> <br/><table cellpadding="0" cellspacing="0" id="list-2" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">o</font> </div> </td> <td style="TEXT-ALIGN: left"> <div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Fixed Income &#8211; Sovereign.</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on the realization of a spread between related instruments in which one or multiple components of the spread is a sovereign fixed income instrument. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments&#8217; exposures to interest rate and other general market risks.</font> </div> </td> </tr> </table> <br/><table cellpadding="0" cellspacing="0" id="list-3" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">o</font> </div> </td> <td style="TEXT-ALIGN: left"> <div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Fixed Income and High Yield (High-Risk) Investment Strategies</font>. The Underlying Investments may employ long and/or short strategies designed to take advantage of deeply discounted debt securities of companies that appear to have significant upside potential.&#160;&#160;The Underlying Investments may invest in debt securities that fall below investment grade debt &#8212; commonly &#8220;junk bonds.&#8221; These strategies are intended to generate capital gains and/or income in both rising and falling interest rate environments.</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Because the value of fixed-income and fixed&#8211;income related securities may be significantly affected by changes in interest rates, the Advisor also evaluates the duration of the fixed-income instruments held by each Underlying Investment to determine its exposure to changes in interest rates. The Advisor considers its expectations for any changes in interest rates and actively manages the Fund&#8217;s asset allocation to mitigate the Fund&#8217;s interest rate risk by favoring shorter duration instruments when the Advisor anticipates that interest rates will increase and longer duration instruments when the Advisor anticipates that interest rates will decline.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Please retain this Supplement with your Prospectus and Summary Prospectus for future reference.</font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"> <font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">HATTERAS ALTERNATIVE MUTUAL FUNDS TRUST</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; 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DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Supplement to the Prospectus and Summary Prospectus, each dated April 30, 2013</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective immediately, the following sections of the Prospectus and Summary Prospectus are modified as described below.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The seventh through eleventh paragraphs of the section titled &#8220;Principal Investment Strategies,&#8221; which can be found on pages 24&#8211;25 of the Prospectus and pages 4&#8211;5 of the Summary Prospectus are deleted and replaced with the following:</font> </div> EX-101.SCH 3 ck0001171324-20130517.xsd SCHEMA DOCUMENT 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - Hatteras Long / Short Debt Fund link:presentationLink link:definitionLink link:calculationLink 020001 - Disclosure - Risk/Return Detail Data {Elements} - Hatteras Long / Short Debt Fund link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 4 ck0001171324-20130517_cal.xml CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0001171324-20130517_def.xml DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0001171324-20130517_lab.xml LABEL LINKBASE DOCUMENT EX-101.PRE 7 ck0001171324-20130517_pre.xml PRESENTATION LINKBASE DOCUMENT XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; 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Hatteras Long / Short Debt Fund
Hatteras Long / Short Debt Fund
HATTERAS ALTERNATIVE MUTUAL FUNDS TRUST

Hatteras Long/Short Debt Fund

(the “Fund)

Class A Shares

Institutional Class Shares

May 17, 2013


Supplement to the Prospectus and Summary Prospectus, each dated April 30, 2013

Effective immediately, the following sections of the Prospectus and Summary Prospectus are modified as described below.

The seventh through eleventh paragraphs of the section titled “Principal Investment Strategies,” which can be found on pages 24–25 of the Prospectus and pages 4–5 of the Summary Prospectus are deleted and replaced with the following:
o  
Multi-Strategy / Relative Value. The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on realization of a spread between related yield instruments in which one or multiple components of the spread contains a fixed income, derivative, equity, real estate, MLP or combination of these or other instruments. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments’ exposures to interest rate and other general market risks.

o
Credit Arbitrage. The Underlying Investments may employ long and/or short strategies designed to isolate attractive opportunities in corporate fixed income securities; these include both senior and subordinated claims as well as bank debt and other outstanding obligations, structuring positions with little or no broad credit market exposure.

o
Fixed Income – Corporate. The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on the realization of a spread between related instruments in which one or multiple components of the spread is a corporate fixed income instrument. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments’ exposures to interest rate and other general market risks.

o
Fixed Income – Sovereign. The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on the realization of a spread between related instruments in which one or multiple components of the spread is a sovereign fixed income instrument. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments’ exposures to interest rate and other general market risks.

o
Fixed Income and High Yield (High-Risk) Investment Strategies. The Underlying Investments may employ long and/or short strategies designed to take advantage of deeply discounted debt securities of companies that appear to have significant upside potential.  The Underlying Investments may invest in debt securities that fall below investment grade debt — commonly “junk bonds.” These strategies are intended to generate capital gains and/or income in both rising and falling interest rate environments.

Because the value of fixed-income and fixed–income related securities may be significantly affected by changes in interest rates, the Advisor also evaluates the duration of the fixed-income instruments held by each Underlying Investment to determine its exposure to changes in interest rates. The Advisor considers its expectations for any changes in interest rates and actively manages the Fund’s asset allocation to mitigate the Fund’s interest rate risk by favoring shorter duration instruments when the Advisor anticipates that interest rates will increase and longer duration instruments when the Advisor anticipates that interest rates will decline.

Please retain this Supplement with your Prospectus and Summary Prospectus for future reference.
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XML 12 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Hatteras Long / Short Debt Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0001171324_SupplementTextBlock
HATTERAS ALTERNATIVE MUTUAL FUNDS TRUST

Hatteras Long/Short Debt Fund

(the “Fund)

Class A Shares

Institutional Class Shares

May 17, 2013


Supplement to the Prospectus and Summary Prospectus, each dated April 30, 2013

Effective immediately, the following sections of the Prospectus and Summary Prospectus are modified as described below.

The seventh through eleventh paragraphs of the section titled “Principal Investment Strategies,” which can be found on pages 24–25 of the Prospectus and pages 4–5 of the Summary Prospectus are deleted and replaced with the following:
Risk/Return [Heading] rr_RiskReturnHeading Hatteras Long / Short Debt Fund
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
o  
Multi-Strategy / Relative Value. The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on realization of a spread between related yield instruments in which one or multiple components of the spread contains a fixed income, derivative, equity, real estate, MLP or combination of these or other instruments. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments’ exposures to interest rate and other general market risks.

o
Credit Arbitrage. The Underlying Investments may employ long and/or short strategies designed to isolate attractive opportunities in corporate fixed income securities; these include both senior and subordinated claims as well as bank debt and other outstanding obligations, structuring positions with little or no broad credit market exposure.

o
Fixed Income – Corporate. The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on the realization of a spread between related instruments in which one or multiple components of the spread is a corporate fixed income instrument. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments’ exposures to interest rate and other general market risks.

o
Fixed Income – Sovereign. The Underlying Investments may employ long and/or short strategies designed to take advantage of an investment thesis which is predicated on the realization of a spread between related instruments in which one or multiple components of the spread is a sovereign fixed income instrument. By using long and/or short investments to attempt to isolate exposure to the spread, these strategies seek to mitigate or profit from the Underlying Investments’ exposures to interest rate and other general market risks.

o
Fixed Income and High Yield (High-Risk) Investment Strategies. The Underlying Investments may employ long and/or short strategies designed to take advantage of deeply discounted debt securities of companies that appear to have significant upside potential.  The Underlying Investments may invest in debt securities that fall below investment grade debt — commonly “junk bonds.” These strategies are intended to generate capital gains and/or income in both rising and falling interest rate environments.

Because the value of fixed-income and fixed–income related securities may be significantly affected by changes in interest rates, the Advisor also evaluates the duration of the fixed-income instruments held by each Underlying Investment to determine its exposure to changes in interest rates. The Advisor considers its expectations for any changes in interest rates and actively manages the Fund’s asset allocation to mitigate the Fund’s interest rate risk by favoring shorter duration instruments when the Advisor anticipates that interest rates will increase and longer duration instruments when the Advisor anticipates that interest rates will decline.

Please retain this Supplement with your Prospectus and Summary Prospectus for future reference.
XML 13 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
0 Months Ended
May 17, 2013
Risk/Return:  
Document Type 497
Document Period End Date May 17, 2013
Registrant Name Hatteras Alternative Mutual Funds Trust
Central Index Key 0001171324
Amendment Flag false
Document Creation Date May 17, 2013
Document Effective Date May 17, 2013
Prospectus Date Apr. 30, 2013
Hatteras Long / Short Debt Fund | Institutional Class
 
Risk/Return:  
Trading Symbol HFINX
Hatteras Long / Short Debt Fund | Class A
 
Risk/Return:  
Trading Symbol HFIAX
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Apr. 30, 2013
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