Conferences Hedge Funds

Metacapital mortgage maven Deepak Narula sees room for further profits in signature trade


Red hot manager lays out ways to play mortgages in Absolute Return Symposium keynote.

  Deepak Narula (Photo: Axel Dupeux)
Metacapital Management founder Deepak Narula's early and often bets on mortgage backed securities have produced sterling returns and propelled his firm into the Absolute Return Billion Dollar Club.

Don't expect any changes to the secret sauce anytime soon.

"We actually think it's got more room to run," Narula said in a keynote address last week at the Absolute Return Symposium.

Though some investors have voiced concern that there may be a critical mass of managers chasing the same returns, Narula said the dominant player in the market