Home / Business and Economy / Ex-Millennium Execs Launch $1.4B Hedge Funds
Ex-Millennium Execs Launch $1.4B Hedge Funds
23 Feb
Summary
- Two new commodity funds seek $1.4 billion in assets.
- Adam Davis is raising $400 million for an agriculture fund.
- Funds combine quant research with artificial intelligence.
Two new commodity hedge funds are aiming to raise a collective $1.4 billion, signaling a resurgence of investor interest in the sector. Les Finemore and Al Fullerton, formerly of Farrer Capital Management, have established Moreton Capital Partners and are seeking $1 billion for a fund that will merge quantitative research with artificial intelligence. Their previous venture, also backed by Millennium Management, saw its funding withdrawn last year.
Separately, Adam Davis, chief investment officer at Farrer Capital Management and former head of commodities at Merricks Capital, is looking to raise $400 million for a new agriculture-focused fund. This fund will trade physical commodities and derivatives and currently has six employees based in Melbourne.
