Thompson Global Partners fund to roll out end of Q1

Former JP Morgan futures trader Noel Thompson’s debut hedge fund, Thompson Global Partners, is set to launch on 26 March with $50m of assets, HFMWeek has learned.

It will use a global macro strategy with a 30% commodities exposure, 30% to equities/ETFs, 20% in FX and 20% in emerging market bonds and commercial mortgage-backed securities (CMBS).

“The market dynamics right now lend themselves to a global macro situation where I feel there are tremendous themes that we can capitalise on, due to the market being a flowchart of global capital,” said Thompson.

The fund, which will debut with commitments from high-net-worth individuals and family offices, has a $1bn capacity. Before setting up the New York-based hedge fund manager, Thompson was a global futures trading VP at JP Morgan from 2010 to 2011. Previously, he spent five and a half years at Goldman Sachs as an associate in global futures trading.

The fund will have a $500,000 investment minimum, 1.5/20 fees and a one-year lockup. It will also have a founders’ share class with special terms for early investors. Service providers are yet to be determined.