Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain

Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain Metacapital Management LP, the hedge-fund firm run by former Lehman Brothers Holdings Inc. mortgage-bond trader Deepak Narula, returned 28 percent in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing. Read more on BusinessWeek

Narula’s Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain

Narula’s Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain Now the New York-based firm is seeking to protect against one of the “biggest” risks in the $5.2 trillion market for agency mortgage bonds, Narula wrote in a July 22 letter to investors. Read more on Bloomberg