Narula’s No. 1 Hedge Fund Gains 38% Betting on Mortgages

Fannie (FNMA) Mae and Freddie (FMCC) Mac have a friend on West 57th Street. That’s the New York address of Metacapital Management LP, the hedge fund founded by Deepak Narula. The much-maligned mortgage aggregators were taken over by the federal government in 2008 and have since absorbed $140 billion…

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Narula’s No. 1 Hedge Fund Gains 38% Betting on Mortgages

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