Reuters Money: Metacapital's Narula sees market hazards ahead

	Click to View in Browser 11/21/2013 Metacapital's Narula sees market hazards ahead NEW YORK (Reuters) - Deepak Narula, one of the hedge fund industry's best known mortgage bond traders, said he sees a much tougher year ahead for investors but sees opportunities in certain mortgage trades. Exclusive: Mindich's Eton Park cuts fees, creates more liquid share class BOSTON (Reuters) - Eton Park, one of the year's best-performing hedge funds, plans to lower management fees and create a more liquid share class, in a rare change at a fund so popular at its launch that it was able to impose some of the toughest investment conditions in the industry. After gains, Vice Fund seeks 'Budweiser of marijuana' (Reuters) - Gerry Sullivan has an eye out for the sins of tomorrow, but he's no puritan. China's Cinda to raise up to $2.5 billion in Hong Kong IPO: IFR HONG KONG (Reuters) - China Cinda Asset Management Corp, one of the country's four bad loan managers, plans to raise as much as $2.5 billion in its Hong Kong initial public offering, IFR reported on Thursday, citing sources familiar with the deal. Bank trading rule under fire, Fed says could delay WASHINGTON (Reuters) - U.S. regulators are considering whether to give banks more time to comply with the Volcker rule, which bans them from gambling with their own money, Federal Reserve Vice-Chair Janet Yellen said in a November 18 letter. U.S. hedge fund advisor pleads guilty to child porn charges NEW YORK (Reuters) - Prominent hedge fund advisor Ezra Zask pleaded guilty to possession of child pornography in a New York court on Wednesday, avoiding jail time for the charges. U.S. rejects Fairholme's proposal to recapitalize Fannie, Freddie (Reuters) - The United States rejected Fairholme Capital Management's recapitalization proposal of Fannie Mae and Freddie Mac, saying the only way to revamp the home loan market is through proper housing finance reform, according to Gene Sperling, a senior adviser to the president. Fidelity leads $250 million mutual fund bet on Dropbox IPO prospects BOSTON (Reuters) - A group of U.S. mutual funds led by Fidelity Investments holds a combined stake of nearly $250 million in Dropbox Inc, positioning them for a big payoff if the fast-growing cloud storage company can pull off a stock market debut like that of Twitter Inc. The age of the 5 percent Ponzi scheme (James Saft is a Reuters columnist. The opinions expressed are his own) Highlights Day 3: CMBS attractive; no Fed taper in 2014 NEW YORK (Reuters) - Deepak Narula of hedge fund firm Metacapital said he favored commercial mortgage-backed securities, while activist investor Jason Ader said the U.S. Federal Reserve is not likely to reduce its bond-buying next year. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall St. climbs as data offsets taper worry Labor market firming, but inflation still benign The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend