0001145549-19-017379.txt : 20190614 0001145549-19-017379.hdr.sgml : 20190614 20190614140815 ACCESSION NUMBER: 0001145549-19-017379 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190614 DATE AS OF CHANGE: 20190614 EFFECTIVENESS DATE: 20190614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hatteras Master Fund, L.P. CENTRAL INDEX KEY: 0001307689 IRS NUMBER: 201820123 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21666 FILM NUMBER: 19898453 BUSINESS ADDRESS: STREET 1: 8510 COLONNADE CENTER DRIVE STREET 2: SUITE 150 CITY: RALEIGH STATE: NC ZIP: 27615 BUSINESS PHONE: (919) 846-2324 MAIL ADDRESS: STREET 1: 8510 COLONNADE CENTER DRIVE STREET 2: SUITE 150 CITY: RALEIGH STATE: NC ZIP: 27615 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001307689 XXXXXXXX false false false N-2 Hatteras Master Fund, L.P. 811-21666 0001307689 549300DPUW2OGXYMY560 8510 Colonnade Center Drive Suite 150 Raleigh 27615-3050 US-NC US 9198462324 U.S. Bancorp Fund Services 622 N Cass St. Milwaukee 53202 18336121912 Journals containing an itemized daily record in detail of all purchases and sales of securities, all receipts and deliveries of securities, all receipts and disbursements of cash and all other debits and credits. General and auxiliary ledgers reflecting all assets, liability, reserve, capital, income and expense accounts. Y N N-2 N David B. Perkins 001824251 Y Steve E. Moss N/A N Gregory S. Sellers N/A N Thomas Mann N/A N H. Alexander Holmes N/A N Andrew P. Chica N/A 480 Swedesford Road Suite 220 Wayne 19087 XXXXXX N N N N N N N Hatteras Capital Distributors LLC 8-67555 000143365 N/A Y N Cohen and Company Ltd 00925 N/A N N N N N N Hatteras Master Fund, L.P. 549300DPUW2OGXYMY560 Y Y N N N N/A N/A N/A N/A N N N N Hatteras Funds LP 801-79326 000170628 54930009T37KFAP1TW75 N Portfolio Advisors LLC 801-46369 000105981 N/A N N UMB Fund Services Inc 84-5792 N/A N N N N U.S. Bank NA 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N UMB Fund Services N/A Y N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N Hatteras Capital Distributors, LLC 8-67555-1 000143365 N/A 0.000000000000 Merrill Lynch Inc, 8-33359 000016139 549300PMHS66E71I2D34 6350.550000000000 Morgan Stanley & Co. Inc. 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 802.900000000000 7153.450000000000 0.000000000000 N 449325913.000000000000 Other Limited Partnership Interests N/A N N Other Limited Partnership Interests N N N 1.000000000000 2.100000000000 N/A 0.000000000000 true INTERNAL CONTROL RPT 2 master.htm INTERNAL CONTROL

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Partners of Hatteras Master Fund, L.P.

In planning and performing our audit of the financial statements of Hatteras Master Fund, L.P. (the “Master Fund”) as of and for the year ended March 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Master Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Master Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Master Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Master Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Master Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Master Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of March 31, 2019.

This report is intended solely for the information and use of management and the Board of Directors of the Master Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.

Cleveland, Ohio

May 30, 2019

COHEN & COMPANY, LTD.

800.229.1099 | 866.818.4538 fax | cohencpa.com

Registered with the Public Company Accounting Oversight Board