Tuesday, 22 July 2014
Last updated 6 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.
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…