Metacapital Management, the hedge-fund firm run by former Lehman Brothers Holdings mortgage-bond trader Deepak Narula, returned 28% in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing. Now the New York-based firm is seeking to protect against one of the “biggest” risks in the $5.2trn market for agency mortgage bonds, Narula wrote in a July 22 letter to investors.
Hedge fund sees risk in mortgage bonds after 28% gain
Most Popular Articles
Latest Articles
Secondary mortgage market adjusts to higher-for-longer rates
A range of experts across a variety of secondary mortgage market sectors offered their thoughts on the market dynamics at play.
-
Keller Williams faces another lawsuit by a former agent
-
Former eXp agent accused of sexual assault sues the firm for defamation
-
eXp posts $15.6M loss in Q1 2024
-
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
-
Zillow believes the evolution of the industry will only help it grow