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Toby Crabel

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Toby Crabel[1] is a United States self-made millionaire commodities trader. In 2005, the Financial Times called Crabel "the most well-known trader on the counter-trend side".[2] He is the fund manager of "Crabel Capital Management".[3] Crabel Capital Management ranked number 101 out of 196 funds on Absolute Return magazine list, Absolute Return survey of U.S. groups with more than $1 billion AUM, July 2005.[4] Mr Crabel managed 3.2 billion dollars, with growth of 16.7% in 2005. Crabel has consistently earned positive returns. He has avoided having a single losing year from 1991 to 2002.[5] Crabel is also an author. In 1990, he wrote the book Day Trading with Short-term Price Patterns.[2]

Bildung

Crabel attended the University of Central Florida and majored in finance.[6]

Career

In 1975, while attending college, Toby began to trade the markets. He played professional tennis for three years. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading.[7] He worked as a trader for Victor Niederhoffer at his firm in New York while also giving short-term market advice to floor traders. He left Niederhoffer Investments in 1992 to focus exclusively on managed futures trading.[citation needed] In January 1992, he started running his flagship Diversified Futures program. During 1998, he ran his hedge fund out of his house, located in a rural area northwest of Milwaukee.[1] Diversified Futures closed to new investments in 2001 and had positive returns from inception through 2006.[8]

He currently manages private client funds though Crabel Fund Ltd for non-US clients and through Crabel Fund LP for US clients. As of 2006, assets under management are $3.2B.[9] Crabel manages these funds with a staff of 31 researchers and 28 traders.[8]

Bibliography

Crabel, Toby (1990). Day Trading With Short Term Price Patterns and Opening Range Breakout. Traders Press. ISBN 0-934380-17-1.

See also

References

  1. ^ a b Harmon, Amy (July 23, 1998). "Talk, Type, Read E-Mail". Technology. The New York Times. Retrieved 2012-03-07.
  2. ^ a b "FT.com". Search.ft.com. Retrieved 2012-07-27.
  3. ^ Franiak, Frank J. (August 2000). "Managed Futures: Poor Performance Overshadows Success Stories". Futures Industry Magazine. Futures Industry Association. Retrieved 2012-03-07.(registration required)
  4. ^ Cohen, Barry (September 2005). "Billion dollar club keeps growing" (PDF). Research. Absolute Return magazine. Archived from the original (PDF) on 2006-11-14. Retrieved 2006-11-19. N.B. This ranking of the top 196 money managers in the country is over seven years out-of-date.
  5. ^ "Crabel capital". Freewebs.com. Retrieved 2012-07-27.
  6. ^ "Network 2002". Speaker Bios. Managed Funds Association. February 3, 2002. Retrieved 2006-08-15.
  7. ^ Hartle, Thom (April 2003). "Opening shots" (PDF). Trading Strategies. Active Trader Magazine. p. 23. Archived from the original (PDF) on 2006-10-16. Retrieved 2006-11-19.
  8. ^ a b "Lock and Load". Features. MarHedge. 2006.
  9. ^ "Crabel Website". About Founder. 2006. Retrieved 2006-08-15.

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