Friday, 29 August 2014
Last updated 3 hours ago
Oct 10 2012 | 1:35pm ET
The second time is proving the charm for Metacapital Management and founder Deepak Narula.
After liquidating his hedge fund five years ago—Narula called the housing-bubble burst a bit too early, he says—the relaunched Metacapital has returned in excess of 500%.
It's continuing that strong run this year. The $1.4 billion New York-based firm is up 34% in 2012, Bloomberg News reports. Narula told investors the success came from Metacapital's bets on bonds and subprime debt, both of which have paid off under the Federal Reserve's third round of quantitative easing.
Metacapital has also bought non-agency securities, Narula wrote.
"At the start of the year we though that housing could be a surprise on the upside," he wrote. "It looks like this is the year housing turns and that's largely attributable to actions the government has taken."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...