Logo

Systematic commodities investment manager

[01]

About us

Our edge lies in the systematic capture of inefficiencies across global energy, metals, and agricultural markets by integrating agentic AI, large language models, and advanced machine learning with deep quantitative research, fundamental trading expertise, and institutional-grade risk management — a strategy refined over eight years through significant market turbulence and regime shifts.

[02]

A dynamic,

disciplined framework

01

A provenstrategy

  • True Alpha: Designed to deliver uncorrelated returns across market cycles through a market-neutral approach.
  • Portfolio constructed for asymmetric upside potential and a high Calmar Ratio with limited drawdowns.
  • Developed, refined and validated through eight years of research, trading and live market testing.

02

An enhanced approach to risk

  • Market-neutral portfolio construction removes directional beta exposure across commodity markets.
  • Weekly rebalancing with discretionary oversight allows adaptive portfolio control as conditions evolve.
  • Advanced clustering and ML-driven analytics monitor factor exposure, concentration and regime risk.

03

Experience that matters

  • MCP’s edge comes from direct experience in the physical commodity markets we actively trade.
  • Practical commodity expertise combined with financial discipline to anticipate changing market dynamics.
  • Team backgrounds span physical trading, agronomy, statistics and systematic portfolio management.

04

Disciplined investment process

  • Built for changing market regimes through a rigorous yet adaptable investment framework.
  • Hypothesis-driven models ensure signals remain grounded in observable economic behaviour.
  • Fully interpretable portfolio construction — never dependent on opaque or black-box systems.

[03]

Leadership

Les Finemore

Les Finemore is Co-Founder and Chief Investment Officer of Moreton Capital Partners. He brings more than 12 years of global commodity and agricultural market experience, combining deep domain expertise as a trained research agronomist and physical trader with over a decade of fundamental and systematic investment management leadership. Les is an early adopter and pioneer in applying agentic AI and large language models to systematic trading strategies, driving efficiencies and generating alpha across global commodities markets.

 

Les began his career as a physical trader at Gavilon before moving to Merricks Capital as an analyst and trader. He later became Co-Founder and CIO of Imbue Capital, a systematic commodity hedge fund managing capital for a single family office. In this role, he was responsible for investment strategy, research architecture, portfolio construction, and risk governance, delivering strong risk-adjusted returns across diversified agricultural, energy, and metals futures and options portfolios.

 

At Moreton Capital Partners, Les leads the firm’s global systematic commodities strategy, with end-to-end responsibility for investment strategy design, quantitative research, portfolio construction, risk management, and performance outcomes. He sets the firm’s investment philosophy and research agenda, oversees model development and deployment, governs capital allocation and risk frameworks, and is accountable for portfolio performance across market cycles. He also works closely with investors on strategy articulation, portfolio positioning, and capital formation.

 

Les holds a Master of Finance from Curtin University and a Bachelor of Agricultural Science from Charles Sturt University.

 

Alistair

C M Fullerton

Alistair Fullerton is Co-Founder and Chief Operating Officer of Moreton Capital Partners. He brings more than 20 years of global markets experience across institutional finance, commodities, and investment management. His experience spans physical, on-the-ground sourcing and trading of commodities through to a Chief Executive role overseeing multi-jurisdictional teams across emerging and developed markets.

 

Alistair began his career on the sell side, spending nearly a decade across Australia and Hong Kong in institutional banking and global markets roles spanning FX, derivatives, and equities, including positions at Commonwealth Bank of Australia and Macquarie Group. In his early 30s, he left financial markets to pursue entrepreneurial ventures in Asian commodity markets, building and scaling operations across China, Southeast Asia, and Hong Kong in energy, agriculture, and renewables.

 

At Moreton Capital Partners, Alistair leads the firm’s global operating platform and corporate strategy, with responsibility for group financial management, enterprise risk, compliance, governance, counterparty relationships, and investor relations. He works closely with the investment team to ensure operational scalability and disciplined capital management across the business.

 

Alistair is a trusted advisor to Australian government agricultural departments and industry bodies and holds a postgraduate degree in the Global Food & Agricultural Industry from the Royal Agricultural University.

[03]

THE STRATEGY

Portfolio Construction

Average Number of Positions

Average Number of Longs

Average Number of Shorts

Average Trade Duration

Target Volatility

Target Sortino Ratio

Target Sharpe Ratio

70

25-45

25-45

2-3 Weeks

10%-13% p.a.

>2.0

>1.3

Access

  • Cayman Master Feeder General Share Class
  • Cayman Master Feeder 2x Levered Share Class (for capital efficiency)
  • Separately Managed Accounts

Request Information

[05]

Contact

General Inquiries

contact@moretoncp.com

Public Channels

Logo

Systematic commodities investment manager

[01]

About us

Our edge lies in the systematic capture of inefficiencies across global energy, metals, and agricultural markets by integrating agentic AI, large language models, and advanced machine learning with deep quantitative research, fundamental trading expertise, and institutional-grade risk management — a strategy refined over eight years through significant market turbulence and regime shifts.

[02]

A dynamic, disciplined framework

01

A proven strategy

  • True Alpha: Designed to deliver uncorrelated returns across market cycles through a market-neutral approach.
  • Portfolio constructed for asymmetric upside potential and a high Calmar Ratio with limited drawdowns.
  • Developed, refined and validated through eight years of research, trading and live market testing.

02

An enhancedapproach to risk

  • Market-neutral portfolio construction removes directional beta exposure across commodity markets.
  • Weekly rebalancing with discretionary oversight allows adaptive portfolio control as conditions evolve.
  • Advanced clustering and ML-driven analytics monitor factor exposure, concentration and regime risk.

03

Experiencethat matters

  • MCP’s edge comes from direct experience in the physical commodity markets we actively trade.
  • Practical commodity expertise combined with financial discipline to anticipate changing market dynamics.
  • Team backgrounds span physical trading, agronomy, statistics and systematic portfolio management.

04

Disciplinedinvestment process

  • Built for changing market regimes through a rigorous yet adaptable investment framework.
  • Hypothesis-driven models ensure signals remain grounded in observable economic behaviour.
  • Fully interpretable portfolio construction — never dependent on opaque or black-box systems.

[03]

Leadership

Les Finemore

Les Finemore is Co-Founder and Chief Investment Officer of Moreton Capital Partners. He brings more than 12 years of global commodity and agricultural market experience, combining deep domain expertise as a trained research agronomist and physical trader with over a decade of fundamental and systematic investment management leadership. Les is an early adopter and pioneer in applying agentic AI and large language models to systematic trading strategies, driving efficiencies and generating alpha across global commodities markets.

 

Les began his career as a physical trader at Gavilon before moving to Merricks Capital as an analyst and trader. He later became Co-Founder and CIO of Imbue Capital, a systematic commodity hedge fund managing capital for a single family office. In this role, he was responsible for investment strategy, research architecture, portfolio construction, and risk governance, delivering strong risk-adjusted returns across diversified agricultural, energy, and metals futures and options portfolios.

 

At Moreton Capital Partners, Les leads the firm’s global systematic commodities strategy, with end-to-end responsibility for investment strategy design, quantitative research, portfolio construction, risk management, and performance outcomes. He sets the firm’s investment philosophy and research agenda, oversees model development and deployment, governs capital allocation and risk frameworks, and is accountable for portfolio performance across market cycles. He also works closely with investors on strategy articulation, portfolio positioning, and capital formation.

 

Les holds a Master of Finance from Curtin University and a Bachelor of Agricultural Science from Charles Sturt University.

 

Alistair C M Fullerton

Alistair Fullerton is Co-Founder and Chief Operating Officer of Moreton Capital Partners. He brings more than 20 years of global markets experience across institutional finance, commodities, and investment management. His experience spans physical, on-the-ground sourcing and trading of commodities through to a Chief Executive role overseeing multi-jurisdictional teams across emerging and developed markets.

 

Alistair began his career on the sell side, spending nearly a decade across Australia and Hong Kong in institutional banking and global markets roles spanning FX, derivatives, and equities, including positions at Commonwealth Bank of Australia and Macquarie Group. In his early 30s, he left financial markets to pursue entrepreneurial ventures in Asian commodity markets, building and scaling operations across China, Southeast Asia, and Hong Kong in energy, agriculture, and renewables.

 

At Moreton Capital Partners, Alistair leads the firm’s global operating platform and corporate strategy, with responsibility for group financial management, enterprise risk, compliance, governance, counterparty relationships, and investor relations. He works closely with the investment team to ensure operational scalability and disciplined capital management across the business.

 

Alistair is a trusted advisor to Australian government agricultural departments and industry bodies and holds a postgraduate degree in the Global Food & Agricultural Industry from the Royal Agricultural University.

[03]

THE STRATEGY

Portfolio Construction

Average Number of Positions

Average Number of Longs

Average Number of Shorts

Average Trade Duration

Target Volatility

Target Sortino Ratio

Target Sharpe Ratio

70

25-45

25-45

2-3 Weeks

10%-13% p.a.

>2.0

>1.3

Access

  • Cayman Master Feeder General Share Class
  • Cayman Master Feeder 2x Levered Share Class (for capital efficiency)
  • Separately Managed Accounts

Request Information

[05]

Contact

General Inquiries

contact@moretoncp.com

Public Channels

Logo

Systematic commodities investment manager

[01]

About us

Our edge lies in the systematic capture of inefficiencies across global energy, metals, and agricultural markets by integrating agentic AI, large language models, and advanced machine learning with deep quantitative research, fundamental trading expertise, and institutional-grade risk management — a strategy refined over eight years through significant market turbulence and regime shifts.

[02]

A dynamic, disciplined framework

01

A proven

strategy

  • True Alpha: Designed to deliver uncorrelated returns across market cycles through a market-neutral approach.
  • Portfolio constructed for asymmetric upside potential and a high Calmar Ratio with limited drawdowns.
  • Developed, refined and validated through eight years of research, trading and live market testing.

02

An enhanced

approach to risk

  • Market-neutral portfolio construction removes directional beta exposure across commodity markets.
  • Weekly rebalancing with discretionary oversight allows adaptive portfolio control as conditions evolve.
  • Advanced clustering and ML-driven analytics monitor factor exposure, concentration and regime risk.

03

Experience

that matters

  • MCP’s edge comes from direct experience in the physical commodity markets we actively trade.
  • Practical commodity expertise combined with financial discipline to anticipate changing market dynamics.
  • Team backgrounds span physical trading, agronomy, statistics and systematic portfolio management.

04

Disciplined

investment process

  • Built for changing market regimes through a rigorous yet adaptable investment framework.
  • Hypothesis-driven models ensure signals remain grounded in observable economic behaviour.
  • Fully interpretable portfolio construction — never dependent on opaque or black-box systems.

[03]

Leadership

Les Finemore

Les Finemore is Co-Founder and Chief Investment Officer of Moreton Capital Partners. He brings more than 12 years of global commodity and agricultural market experience, combining deep domain expertise as a trained research agronomist and physical trader with over a decade of fundamental and systematic investment management leadership. Les is an early adopter and pioneer in applying agentic AI and large language models to systematic trading strategies, driving efficiencies and generating alpha across global commodities markets.

 

Les began his career as a physical trader at Gavilon before moving to Merricks Capital as an analyst and trader. He later became Co-Founder and CIO of Imbue Capital, a systematic commodity hedge fund managing capital for a single family office. In this role, he was responsible for investment strategy, research architecture, portfolio construction, and risk governance, delivering strong risk-adjusted returns across diversified agricultural, energy, and metals futures and options portfolios.

 

At Moreton Capital Partners, Les leads the firm’s global systematic commodities strategy, with end-to-end responsibility for investment strategy design, quantitative research, portfolio construction, risk management, and performance outcomes. He sets the firm’s investment philosophy and research agenda, oversees model development and deployment, governs capital allocation and risk frameworks, and is accountable for portfolio performance across market cycles. He also works closely with investors on strategy articulation, portfolio positioning, and capital formation.

 

Les holds a Master of Finance from Curtin University and a Bachelor of Agricultural Science from Charles Sturt University.

Alistair C M Fullerton

Alistair Fullerton is Co-Founder and Chief Operating Officer of Moreton Capital Partners. He brings more than 20 years of global markets experience across institutional finance, commodities, and investment management. His experience spans physical, on-the-ground sourcing and trading of commodities through to a Chief Executive role overseeing multi-jurisdictional teams across emerging and developed markets.

 

Alistair began his career on the sell side, spending nearly a decade across Australia and Hong Kong in institutional banking and global markets roles spanning FX, derivatives, and equities, including positions at Commonwealth Bank of Australia and Macquarie Group. In his early 30s, he left financial markets to pursue entrepreneurial ventures in Asian commodity markets, building and scaling operations across China, Southeast Asia, and Hong Kong in energy, agriculture, and renewables.

 

At Moreton Capital Partners, Alistair leads the firm’s global operating platform and corporate strategy, with responsibility for group financial management, enterprise risk, compliance, governance, counterparty relationships, and investor relations. He works closely with the investment team to ensure operational scalability and disciplined capital management across the business.

 

Alistair is a trusted advisor to Australian government agricultural departments and industry bodies and holds a postgraduate degree in the Global Food & Agricultural Industry from the Royal Agricultural University.

[04]

THE STRATEGY

Portfolio Construction

Average Number of Positions

Average Number of Longs

Average Number of Shorts

Average Trade Duration

Target Volatility

Target Sortino Ratio

Target Sharpe Ratio

70

25-45

25-45

2-3 Weeks

10%-13% p.a.

>2.0

>1.3

Access

  • Cayman Master Feeder General Share Class
  • Cayman Master Feeder 2x Levered Share Class (for capital efficiency)
  • Separately Managed Accounts

Request Information

[05]

Contact

General Inquiries

contact@moretoncp.com

Public Channels

Logo

Systematic commodities investment manager

[01]

About us

Our edge lies in the systematic capture of inefficiencies across global energy, metals, and agricultural markets by integrating agentic AI, large language models, and advanced machine learning with deep quantitative research, fundamental trading expertise, and institutional-grade risk management — a strategy refined over eight years through significant market turbulence and regime shifts.

[02]

A dynamic, disciplined framework

01

A proven

strategy

  • True Alpha: Designed to deliver uncorrelated returns across market cycles through a market-neutral approach.
  • Portfolio constructed for asymmetric upside potential and a high Calmar Ratio with limited drawdowns.
  • Developed, refined and validated through eight years of research, trading and live market testing.

02

An enhanced

approach to risk

  • Market-neutral portfolio construction removes directional beta exposure across commodity markets.
  • Weekly rebalancing with discretionary oversight allows adaptive portfolio control as conditions evolve.
  • Advanced clustering and ML-driven analytics monitor factor exposure, concentration and regime risk.

03

Experience

that matters

  • MCP’s edge comes from direct experience in the physical commodity markets we actively trade.
  • Practical commodity expertise combined with financial discipline to anticipate changing market dynamics.
  • Team backgrounds span physical trading, agronomy, statistics and systematic portfolio management.

04

Disciplined

investment process

  • Built for changing market regimes through a rigorous yet adaptable investment framework.
  • Hypothesis-driven models ensure signals remain grounded in observable economic behaviour.
  • Fully interpretable portfolio construction — never dependent on opaque or black-box systems.

[03]

Leadership

Les Finemore

Les Finemore is Co-Founder and Chief Investment Officer of Moreton Capital Partners. He brings more than 12 years of global commodity and agricultural market experience, combining deep domain expertise as a trained research agronomist and physical trader with over a decade of fundamental and systematic investment management leadership. Les is an early adopter and pioneer in applying agentic AI and large language models to systematic trading strategies, driving efficiencies and generating alpha across global commodities markets.

 

Les began his career as a physical trader at Gavilon before moving to Merricks Capital as an analyst and trader. He later became Co-Founder and CIO of Imbue Capital, a systematic commodity hedge fund managing capital for a single family office. In this role, he was responsible for investment strategy, research architecture, portfolio construction, and risk governance, delivering strong risk-adjusted returns across diversified agricultural, energy, and metals futures and options portfolios.

 

At Moreton Capital Partners, Les leads the firm’s global systematic commodities strategy, with end-to-end responsibility for investment strategy design, quantitative research, portfolio construction, risk management, and performance outcomes. He sets the firm’s investment philosophy and research agenda, oversees model development and deployment, governs capital allocation and risk frameworks, and is accountable for portfolio performance across market cycles. He also works closely with investors on strategy articulation, portfolio positioning, and capital formation.

 

Les holds a Master of Finance from Curtin University and a Bachelor of Agricultural Science from Charles Sturt University.

Alistair C M Fullerton

Alistair Fullerton is Co-Founder and Chief Operating Officer of Moreton Capital Partners. He brings more than 20 years of global markets experience across institutional finance, commodities, and investment management. His experience spans physical, on-the-ground sourcing and trading of commodities through to a Chief Executive role overseeing multi-jurisdictional teams across emerging and developed markets.

 

Alistair began his career on the sell side, spending nearly a decade across Australia and Hong Kong in institutional banking and global markets roles spanning FX, derivatives, and equities, including positions at Commonwealth Bank of Australia and Macquarie Group. In his early 30s, he left financial markets to pursue entrepreneurial ventures in Asian commodity markets, building and scaling operations across China, Southeast Asia, and Hong Kong in energy, agriculture, and renewables.

 

At Moreton Capital Partners, Alistair leads the firm’s global operating platform and corporate strategy, with responsibility for group financial management, enterprise risk, compliance, governance, counterparty relationships, and investor relations. He works closely with the investment team to ensure operational scalability and disciplined capital management across the business.

 

Alistair is a trusted advisor to Australian government agricultural departments and industry bodies and holds a postgraduate degree in the Global Food & Agricultural Industry from the Royal Agricultural University.

[04]

THE STRATEGY

Portfolio Construction

Average Number of Positions

Average Number of Longs

Average Number of Shorts

Average Trade Duration

Target Volatility

Target Sortino Ratio

Target Sharpe Ratio

70

25-45

25-45

2-3 Weeks

10%-13% p.a.

>2.0

>1.3

Access

  • Cayman Master Feeder General Share Class
  • Cayman Master Feeder 2x Levered Share Class (for capital efficiency)
  • Separately Managed Accounts

Request Information

[05]

Contact

General Inquiries

contact@moretoncp.com

Public Channels

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