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MET Capital Management to launch systematic Asian equity fund

Tue, 20/03/2012 - 14:12

Met Capital Management is preparing a Q2 launch of the Met Pacific Fund, an Asia-Pacific long/short equity trading fund.

When launched, the new fund will adopt a fully systematic version of the post-earnings stock momentum strategy successfully used by its flagship fund, the MET Europa Fund.

MET Pacific will, like MET Europa, be domiciled in the Cayman Islands, 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.

Portfolio Manager Jonathan Gordon, a former proprietary trader for Banco Santander and Société Générale says: “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 USD500 million, the size of the developed Pacific markets, namely Australia, Hong Kong, Japan, South Korea and Singapore, means the planned MET Pacific Fund could take up to USD1billion.

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