Tuesday, 5 May 2015
Last updated 1 hour ago
Jan 29 2014 | 12:05pm ET
Despite a dismal first half, Metacapital Management was able to salvage last year with a strong second half.
The New York-based hedge fund's flagship was up 0.53% last year. That's not impressive compared either to the average hedge fund, which rose in the mid- to high-single digits, or the stock market, which soared 30%. But it's better than it could have been: The $1.23 billion Mortgage Opportunities Fund fell 10.2% in the second quarter and was down more than 8% in the first half.
But, firm founder Deepak Narula wrote, Metacapital returned nearly 10% in the second half to avoid a losing year, at least.
Metacapital's Rising Rates Fund, which debuted in May, did much better, returning 20.11% in its first eight months.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…