Hatteras Financial Corp. Company Profile
Hatteras Financial Corp. is a real-estate investment trust based in Winston-Salem, N.C., investing in residential mortgage-backed securities. Managed and advised by Atlantic Capital Advisors LLC in Winston-Salem, the REIT focuses on adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed by a U.S. government agency or issued by a U.S. government-sponsored entity.
Hatteras was founded in 2007 and went public in April 2008, raising $256 million. The company lost $6.1 million in the Lehman Brothers Inc. collapse. Chief executive Michael Hough was a principal and founding member of fixed-income broker-dealer First Winston Securities Inc.
Spent some time in Chapel Hill, N.C.? Hatteras's COO and CFO (Benjamin M. Hough and Kenneth A. Steele, respectively) both have undergraduate degrees from UNC Chapel Hill.
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