CNBC – Deepak Narula, who runs a group of real estate hedge funds, told CNBC on Thursday that there is still “plenty to do” in the mortgage market, despite rising rates and an impending taper of the Federal Reserve’s asset purchase program.
Narula’s hedge fund, Metacapital, invested heavily in agency mortgages months before the credit crisis, building one of the most successful hedge funds on Wall Street. His Metacapital Mortgage Opportunities Fund launched in July 2008, and since then, has returned more than 500 percent.
