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.