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 new Mortgage Value Fund was launched in May, 2012. 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. Additionally, the flagship fund was ranked by BarclayHedge in 2011 as a top performing fund. 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.