Toby Crabel

William "Toby" Harrison Crabel (born 1955)[1] is a United States self-made millionaire commodities trader. 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] This is the latest current ranking of the top 196 money managers in the country. Mr Crabel manages 3.2 billion dollars and had a growth of 16.7% in 2005. A producer of consistent returns whatever the weather, Crabel has avoided having a losing year from 1991 to 2002.[5] Crabel is also an author. He has written the book Day Trading with Short-term Price Patterns, which can be found on eBay for upwards of $1,000 a copy.[6]

Contents

Education

He studied at the University of Central Florida and majored in finance.[7]

Career

In 1975, while attending college Toby began to trade the markets. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading.[8] He played professional tennis for three years and went on to work 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 Investment in 1993 to focus fully on managed futures trading.[9] During 1998, he ran his hedge fund out of his house in the middle of some cornfields northwest of Milwaukee.[1] In January 1992, he started running his flagship Diversified Futures program, which closed to new investments in 2001 and has had positive returns without having a losing year since its inception.[10]

He currently manages private client funds though Crabel Fund Ltd for non-US clients and through Crabel Fund LP for US clients. The current assets under management are over $3.2B.[11] Crabel manages all this funds with a staff of no more than 80 people,[12] including 31 researchers and 28 traders.[13] Crabel Capital Management ranked number 101 out of 172 funds on Absolute Return magazine list Absolute Return survey of U.S. groups with more than $1 billion AUM, July 2005.[4]

Personal

Toby subscribes to Ayn Rand's Objectivism philosophy and owns an extensive Romantic realism art collection.[14]

Bibliography

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

See also

Notes

  1. ^ a b Harmon, Amy (July 23, 1998). "Talk, Type, Read E-Mail". Technology (The New York Times). http://query.nytimes.com/gst/fullpage.html?res=9C03E6D61739F930A15754C0A96E958260&sec=&spon=&pagewanted=all. Retrieved 2008-05-23. 
  2. ^ FT.com
  3. ^ Franiak, Frank J. (August 2000). "Managed Futures". Futures Industry Association Featured Article (Futures Industry Magazine). http://www.futuresindustry.org/fimagazi-1929.asp?a=654. Retrieved 2006-08-15. 
  4. ^ a b Cohen, Barry (September 2005). "Billion dollar club keeps growing". Research (Absolute Return magazine). Archived from the original on 2006-11-14. http://web.archive.org/web/20061114013653/http://www.deshaw.com/articles/BillionDollarClub_AbsoluteReturn.pdf. Retrieved 2006-11-19. 
  5. ^ Crabel capital
  6. ^ FT.com
  7. ^ "Network 2002". Speaker Bios. Managed Funds Association. February 3, 2002. http://www.mfainfo.org/events/network2002/speakers/speaker_bios.asp. Retrieved 2006-08-15. 
  8. ^ Hartle, Thom (April 2003). "Opening shots". Trading Strategies (Active trader): pp. 23. Archived from the original on 2006-10-16. http://web.archive.org/web/20061016235620/http://www.activetradermag.com/pdf/April-2003_Issue.pdf. Retrieved 2006-11-19. 
  9. ^ Crabel capital
  10. ^ "Lock and Load". Features (MarHedge). 2006. http://cache.zoominfo.com/cachedpage/?archive_id=0&page_id=20875198&page_url=%2f%2fwww.marhedge.com&page_last_updated=5%2f20%2f2006+5%3a08%3a06+AM&firstName=Toby&lastName=Crabel. Retrieved 2006-08-15. 
  11. ^ "Crabel Website". About Founder. 2006. http://www.crabel.com/index.htm. Retrieved 2006-08-15. 
  12. ^ Crabel capital
  13. ^ Crabel capital
  14. ^ "Crabel Gallery of Romantic Realism". 2006. http://www.crabelfineart.com/index.htm. Retrieved 2006-08-15. 

External links