Thursday, 3 September 2015
Last updated 2 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…