Key facts
- Moreton Capital Partners has launched the MCP Global Commodities Alpha Fund.
- The fund aims to raise $1 billion in initial capital.
- It will employ a market-neutral strategy across global commodity futures and options.
- The strategy utilizes AI, LLMs, and machine learning for alpha generation.
- Target returns include a Sharpe ratio above 1.5 and over 15% net annual returns.
- The fund is designed to have a low-beta profile.
Moreton Capital Partners has launched its MCP Global Commodities Alpha Fund, aiming to raise an initial $1 billion for a market-neutral strategy focused on global commodity futures and options. The fund will leverage proprietary machine learning infrastructure, large-scale feature engineering, agentic AI, LLMs, and quant research to identify and exploit inefficiencies across energy, metals, and agriculture markets.
Led by Chief Investment Officer Les Finemore, the fund targets consistent risk-adjusted returns with a Sharpe ratio above 1.5 and net annual returns exceeding 15%, while maintaining a strict low-beta profile. MCP positions itself as a technology-first firm, processing hundreds of thousands of daily data points to generate systematic trading signals. The strategy is designed to be adaptive, evolving with changing market structures and focusing on relative value and alpha signals rather than broad commodity price trends.
MCP offers investors a two-class share structure: Core Class targeting 12.5% annualised volatility and Levered Class targeting 25% volatility. Finemore highlighted that global commodity markets are increasingly financialized, making macroeconomic factors more critical than ever for their proprietary models.