Millennium Exit Spawns Two New Hedge Funds Seeking $1.4 Billion

Two new commodities hedge funds are seeking to raise a collective $1.4 billion in assets after Millennium Management pulled the plug on the founders’ previous fund last year.

Les Finemore and Al Fullerton have started Moreton Capital Partners and are seeking to raise $1 billion for a fund trading across commodities markets that will combine quantitative research with artificial intelligence, Finemore said in an interview.