Fund launches & closures

Gordon and Shelley get going with MET

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Former Banco Santander trader Jonny Gordon and former Kyte Capital fund of funds manager Jason Shelley have formally launched their MET Europa Fund with initial assets of $20 million.

The fund launched in mid-September and is up nearly 5% so far, including a gain in October of 3.55%. Gordon has traded the strategy at a bank since 2007 and in a managed account format since 2008. It has produced an annualised return of 35% since 2007, with volatility of 12% and a Sharpe ratio of 2.55.

The strategy is discretionary long/short equity and primarily revolves around an event-based