Launches & Closures

Gordon and Shelley get going with MET


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