Dr. Narula is the Founder, Managing Partner, and Co-Chief Investment Officer of Metacapital Management. He has over 30 years of experience in mortgage trading and investments, including Agency and Non-Agency MBS, ABS, CMBS, CRE Debt, and other securitized credit products.

Dr. Narula is involved in all aspects of the firm’s overall development and investment strategy. He is responsible for ensuring the firm’s adherence to its fundamental investment philosophy, communicating with clients regarding investment products and strategies, and providing his experience to major investment decisions. Prior to founding Metacapital in 2001, Dr. Narula was Managing Director and head of mortgage backed securities trading desks at Lehman Brothers. Previously, he worked in Mortgage Research and was Head of the Mortgage Strategy Group at Lehman Brothers until 1995. From 1993 to 1995, he was a ranked analyst on the Institutional Investor All-American research team for his work on mortgage backed securities.

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