American Realty Affiliate RCAP Snags $2B Asset Manager

Law360, New York (October 1, 2013, 4:41 PM EDT) -- An affiliate of American Realty Capital will scoop up the Hatteras Funds Group, an asset manager with more than $2 billion in its arsenal, to diversify its holdings and substantially expand its footprint in a fast-growing liquid alternative investment space, it said Tuesday.

RCS Capital Corp. did not say how much it would pay for the assets, a group of funds that provide alternative-investment opportunities through registered investment companies and other vehicles. The New York-based buyer sketched out plans to cover its purchase using proceeds from...
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