Thursday, 21 August 2014
Last updated 9 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note