Global systematic manager Moreton Capital Partners is looking to raise an initial $1bn for its newly-launched global commodity futures strategy – the MCP Global Commodities Alpha Fund, which will be led by chief investment officer Les Finemore.
The fund aims to provide consistent risk-adjusted returns, targeting a Sharpe ratio of over 1.5 and >15% net annual returns, while maintaining a strict low-beta profile. It is underpinned by agentic AI, large language models (LLMs), and machine learning, combined with quant research and MCP’s commodity domain background.
At its core, MCP is a technology company leveraging proprietary machine learning infrastructure and large-scale feature engineering to identify and exploit inefficiencies across commodity futures. Processing hundreds of thousands of daily data points, spanning supply/demand fundamentals, positioning, and volatility, its AI engine generates systematic trading signals across global markets. Unlike static, rule-based systems, MCP’s adaptive models are designed to evolve with changing market structures.
The firm runs a market-neutral portfolio, intentionally balancing long and short exposures across commodity groups. This design aims to ensure that the net directional exposure is minimal, and performance is driven by relative value and alpha signals, rather than by broad commodity price trends.
Commenting on the launch of the new Futures fund Finemore, who has over a decade of experience in systematic investment management, physical trading, and agronomic research, and previously served as CIO and co-founder of Imbue Capital, said: “Over the last eight years, we have evolved and refined the strategy, through times of significant market turbulence including Covid-19, and several hot wars. Global commodity markets are increasingly financialised, and macroeconomic factors matter more than ever. Using our proprietary macro based features in our models, we strategically capitalise on these changes.”
MCP offers investors a two-class share structure: Core Class which targets 12.5% annualised volatility, and Levered Class which targets 25% volatility.
