Moreton Capital Targets $1B for Market-Neutral Commodities AI Fund
Moreton Capital Partners (MCP) is launching the MCP Global Commodities Alpha Fund, a market-neutral strategy targeting an initial $1 billion in capital across more than 70 global commodity futures and options spanning agriculture, energy and metals.
Led by CIO and co-founder Les Finemore, the fund is designed to deliver consistent risk-adjusted returns with a target Sharpe ratio above 1.5 and greater than 15% net annual returns, while maintaining a strict low-beta profile.
MCP positions itself as a technology-first firm, leveraging proprietary machine learning infrastructure and large-scale feature engineering to identify inefficiencies across global commodity markets.
“Global commodity markets are increasingly financialized, and macroeconomic factors matter more than ever. Using our proprietary macro-based features in our models, we strategically capitalize on these changes,” Finemore explained.
Finemore previously served as CIO and co-founder of Imbue Capital, where he built systematic trading strategies across energy, metals and agriculture. MCP’s co-founder and COO Alistair Fullerton entered the commodity markets in Hong Kong in 2013 after a decade on the derivatives sell side.
The fund’s structure includes multiple share classes to accommodate varying investor risk appetites. The Core Class targets 12.5% annualized volatility, while the Levered Class seeks 25% volatility for investors pursuing higher-conviction, cash-efficient exposure.
Pictured l to r: Les Finemore (CIO) and Alistair Fullerton (COO)