Metacapital Management, a New York-based mortgage-backed securities hedge fund with around USD325 million under management, is closing its fund to new investors and seeking a new CFO. John McDonald, the firm's co-managing partner and coo, is also stepping down from those positions, but will stay on as the firm's marketer and a general partner.
Minati Misra-Ambarish, who serves as cfo and chief risk officer, will handle McDonald's coo duties. Misra-Ambarish will retain the cfo role until it hires someone.
The fund returned 17.16% last year and is up 7.08% through November. Narula and McDonald declined to comment. Misra-Ambarish was traveling and unavailable for comment.