Sunday, 29 March 2015
Last updated 2 days 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."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…