Friday, 27 November 2015
Last updated 1 day ago
Sep 12 2013 | 1:01pm ET
Metacapital Management has raised about $130 million for a new hedge fund, even as its flagship took a beating this summer.
The New York-based firm launched the Rising Rate Fund in May. Two months later, Metacapital founder Deepak Narula said that the fund, which aims to profit from rising interest rates, had $31 million in assets under management.
Rising Rate's early investors have been handsomely rewarded; the fund is up 13.5% this year after a 2.7% jump in August, Bloomberg News reports.
Metacapital's other funds have not done nearly as well. Its $1.3 billion flagship, which enjoyed double-digit gains in 2001 and 2012, lost 10.4% in the second quarter, and remains down 4.9% on the year after rising 2% in August. Metacapital's Mortgage Value Fund is up 5.2% after adding 0.4% last month.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…