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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Metacapital Attracts $130M for Fund

Sep 12, 2013
Jing Chen

Assets in one of Metacapital Management’s hedge funds that is designed to profit from rising interest rates increased by an additional $130 million since its launch in May.

Bloomberg reported that the fund returned 2.7% last month, bringing its total gains since May to 13.5%. The fund currently has about $31 million in assets under management.

The article also said that Metacapital founder Deepak Narula told investors in a letter that “there are several factors that make entry into [this fund] attractive at present.” The reasons were not disclosed.

One of the best performing hedge funds in 2012, New York-based Metcapital flagship fund rose 38% last year through October.

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