ABOUT US

The Australian Alternative Managed Futures Fund

... with a difference

About Cartwright Capital Management

Cartwright Capital Management (CCM) is an investment management company established in 2022 by Troy Hamblion and Nicolas Hernout, specialising in investing in futures instruments. CCM focuses on trading highly liquid, exchange-traded derivative products, complemented by conservative exposure to cash securities within the ASX200 and S&P500 indices. Our core objective is to achieve capital appreciation through a diversified suite of strategies characterized by both positive and negative skewed return distributions. By integrating these strategies, we have constructed a robust, asymmetric investment portfolio designed for resilience and consistent performance throughtout many market regimes.

So, what is the difference?

Unlike traditional managed futures funds, which primarily seek a negative beta to equity markets to fill a specific portfolio gap, Cartwright Capital Management combines both positive and negative skew strategies to deliver consistent returns and reduced drawdowns over extended periods. A unique approach to portfolio construction as well as risk managfement techniques forms the cornerstone of our competitive edge.

Our flagship product, the CCM Systematic Macro Plus Fund, is designed as an all weather, fully systematic investment solution. With its asymmetric return profile, it operates more like a global systematic hedge fund than a conventional trend-following CTA. This bespoke offering allows investors to benefit from a diversified investment portfolio enhanced by trending following alpha. The ability to be long and short futures instruments can also provide exposure to unique outlier events including prolonged equity weakness as well as inflation dominated investment landscapes. It is a complete alternative investment solution.

Troy Hamblion

 
Troy Hamblion was raised in Nambucca Heads on the north coast of NSW and moved to Sydney in 1993 to pursue tertiary education.

After numerous roles in the finance industry, Troy completed his tertiary studies with a Master of Applied Finance at Macquarie University in 2004. Troy was most recently employed by Deutsche Bank Sydney where he had worked since 2005.

Originally employed to optimize the Australian Balance Sheet he moved from cash interest rate products to the derivative books in 2008, after successfully helping to navigate the bank through the Global Financial Crisis. Troy ran the AUD Short-Term and then Long-Term Interest Rate Swap books for the next 10 years before he retired from the investment banking industry in 2018 to pursue his funds management career. After moving with his family from Sydney to the Sunshine Coast of Queensland in 2018 and four years of research and planning, Troy successfully launched Cartwright Capital Management with his long-term trading partner at Deutsche Bank, Nicolas Hernout.

Troy’s main interest outside of Global Financial Markets is fishing. From reef fishing all the way to big game fishing.

Troy consistently endeavours to be the best at whatever task he undertakes, in his personal and professional life.
Title: Managing Director and Co-founder
Email: troy.hamblion@cartwrightcm.com.au
Phone: +61 410 571 461

Nicolas Hernout

 
Nicolas Hernout was raised in France. After completing a five-year Mechanical Engineering degree, he moved to Paris to undertake a Master of Finance at ESSEC International Business School.

After completing this degree, Nico moved into a role with Credit Agricole in France trading interest rate derivatives. After moving through a number of other trading institutions in Paris, London and Amsterdam, Nico was employed by the Bank of America-Merryll Lynch as a proprietary trader in London before finally moving with his family to Sydney to join Deutsche Bank in 2009.

Nico continued as a proprietary trader until 2016 when regulations forced him to move into the franchise part of the DB business as a Cross-Currency Trader. He is experienced in earning money with his own ideas using directional trading and relative value strategies. He moved from Sydney to the Sunshine Coast of Queensland in 2019, where he began his journey into the funds management world.

In late 2020 Nico started using a short-term trend-following system in his own company 2NH. He ran this system successfully for 18 months before launching Cartwright Capital Management with business partner Troy Hamblion in mid-2022.
Title: Managing Director and Co-founder
Email: nicolas.hernout@cartwrightcm.com.au
Phone: +61 416 599 154

James Jennings

 
James Jennings was raised in Cape Town, South Africa. Following his military service, he attended Stellenbosch University in Cape Town where he completed a Bachelor of Commerce majoring in Economics and Business Economics. James moved to London in 1994 where he joined Bankers Trust in the listed derivative business. In 1996 James moved into the Securities Lending trading division. In 1999 he took a role at Lehman Brothers as an Equity Finance trader. In 2002 he moved to Deutsche Bank to manage the Equity Flow Swap desk. In 2004 James and his family emigrated to Sydney, Australia.
 
After a year setting up the Equity Finance business at ABN Amro James moved back to Deutsche Bank where he became a Managing Director and oversaw the Global Prime Finance business for ANZ for 14 years. James left Deutsche Bank in 2020 and became a Founding Partner at Barrenjoey Capital Partners, Head of Equity Finance, where he helped build the business over the course of his tenure there. In 2023 James set up his Consulting Business. James is married with 3 children.

His interests outside of the markets are golf, tennis, skiing, surfing and wine.

 
Title: Chief Operating Officer and Partner
Email: james.jennings@cartwrightcm.com.au
Phone: +61 422 980 026

Our Partners

Marex
CSI
K2
LAZARUS Capital Partners
MSC Group
Trading Blox
Trading Technologies