Argon Capital aims to take advantage of the structural inefficiencies of commodities markets to create superior risk-adjusted returns and scalable capacity for institutional investors.


We deploy in-house commodity-centric strategies that share a common, firm-wide, risk management framework

Multi-Asset Class

We bridge the information gap between commodity-related markets across Futures, Equities and Currencies

Privileged Access

Our expert portfolio managers are able to deploy niche strategies not generally available to institutional investors



Risk-managing commodity diversity to build an all weather portfolio

Argon Capital's sole focus on commodity-related markets allows us to attract and work with some of the best commodity specialists

Our breadth and scale allow our portfolio managers to exclusively focus on generating performance through a strict separation of duties and enhanced access to information flows

Our risk management processes are systematic, transparent and self-policing, and designed to automatically limit drawdowns to within pre-determined levels

  • Top Commodity Talent
  • Better Performance through focus
  • Institutional Quality Risk-Management



Marcos Bueno


As Argon's Chief Investment Officer, his main responsibilities include risk management, capital allocation as well as selecting and managing the team of Portfolio Managers. He has been involved in commodity markets for more than a decade at first-class institutions. He brings a wealth of experience in a variety of trading styles, trading instruments, and across all the subsectors of the commodity spectrum as well as a very quantitative background.

Before co-founding Argon, Mr. Bueno was a Partner and Senior Portfolio Manager at the London office of Connecticut-based Graham Capital, where he managed a commodity portfolio close to 1bn in size. He was one of the early members of Grahams London office, which grew to a staff of more than 20 professionals and achieved an AuM of several billion USD during his tenure at the firm.

Prior to Graham, Mr. Bueno was a Portfolio Manager at JPMorgans internal commodity hedge fund, where he joined from the Fundamental Investment Group at UBS. Previously he worked at Goldman Sachs in the Multi-asset derivatives structuring and in the Power & Gas M&A teams. He began his career at Oliver Wyman.

Mr. Bueno obtained an MBA with Honors and Deans List mentions from The Wharton School. He was an Areces Foundation scholar in recognition of exceptional achievement. He holds an MS in Economics and Applied Mathematics from Ecole Polytechnique in France, and a BS and MS in Industrial Engineering from UPM in Spain. He is a marathoner and former national level competitive track & field athlete.



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