Wednesday, 23 July 2014
Last updated 1 hour ago
Aug 20 2013 | 12:57pm ET
Metacapital Management has snapped its four-month losing streak.
The New York-based hedge fund, one of the best performers in the industry in recent years, saw its Mortgage Opportunities Fund rise 1.58% in July, its best month of the year, Reuters reports. Metacapital had suffered losses in each of the previous four months, with second-quarter losses totaling 10.4%.
July's gain means the $1.3 billion hedge fund is down 6.79% on the year—an unprecedented position for a firm that has posted at least double-digit returns every full year since it debuted in 2008.
Metacapital blamed its brutal first half on fears that the Federal Reserve will begin to wind down its quantitative-easing program. The hedge fund said it was surprised by the "violent" market response to the potential taper.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…