Deepak Narula PhD '89

Deepak Narula is the founder of Metacapital Management, a fund management company specializing in mortgage-backed securities. Metacapital launched its current flagship Mortgage Opportunities Fund in July 2008. The Mortgage Value Fund was launched in May, 2012, and the new Rising Rates Fund launched in May, 2013. The flagship fund was ranked as the top performing fund in the Bloomberg Top 100 Hedge Fund Rankings in 2012 for funds managing over $1 Billion, January through October, 2012. The Fund was also ranked second by Barron's on the Barron's Top 100 Hedge Funds Listing for 2012, and was the Absolute Return Awards 2012 Fund of the Year in the “Fixed Income and Mortgage Backed” category. Additionally, the flagship fund was ranked by BarclayHedge in 2011 as a top performing fund, and was the top-performing US mid-sized strategy in 2010 according to Bloomberg Magazine. A prior fund, the Metacapital Fixed Income Relative Value Fund was launched in January 2002. After five years of successful performance, Metacapital unwound this fund and returned investor capital in 2007.

Prior to launching Metacapital, Deepak was a Managing Director and head of two mortgage backed securities trading desks at Lehman Brothers. He joined Lehman in 1989 and worked in mortgage research and strategy until 1995, when he was the head of the strategy group. From 1993 to 1995, Deepak was ranked on the Institutional Investor All-American research team for his work on mortgage backed securities. In 1995, he moved to trading mortgage backed securities and stayed at Lehman in that capacity through 2000.

Deepak holds a Ph.D. in Management Science from Columbia University (1989) and a B.Tech. in Electrical Engineering from the Indian Institute of Technology (IIT) Kanpur (1985). In addition he has taught courses at Columbia Business School, New York.