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Jonny Gordon From Precy Dumlao, Opalesque Asia:
MET Capital Management, has announced the launch of a novel systematic Asian equity hedge fund, Met Pacific Fund, an Asia-Pacific long/short equity trading fund. The fund is scheduled to be launched in the second quarter and will adopt a fully systematic version of the post-earnings stock momentum strategy successfully used by its flagship fund, the MET Europa Fund.
In a statement, MET Capital Portfolio Manager Jonathan Gordon, a former proprietary trader for Banco Santander and Société Générale said that MET Pacific will be domiciled in the Cayman Islands, just like its predecessor, MET Europa.
At the same time, he said that the new fund will have post-2008 inspired favourable investment terms and retain liquidity and solid risk controls through investing in mid and large cap stocks in the developed markets within their respective geographic regions.
Gordon commented, "We are not aware of any other hedge funds taking a similar approach to the developed Asian markets. We have completed an extensive eight-year back testing, and more recently front testing, which have produced very attractive risk-adjusted returns at 14.8% annualised return, 2.8 sharpe ratio, 4.8 annualised volatility and a correlation of 0.1 to the MSCI Asia Pacific Index".
While the MET Europa Fund has a capacity of around $500m, the size of the developed Pacific markets, namely Aus...................... To view our full article Click here
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