Toby Crabel
Encyclopedia
William "Toby" Harrison Crabel (born 1955) is a United States self-made millionaire commodities trader
. The Financial Times
called Crabel "the most well-known trader on the counter-trend side" He is the fund manager of "Crabel Capital Management". 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. 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. 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.
. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading. 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. During 1998, he ran his hedge fund
out of his house in the middle of some cornfields northwest of Milwaukee. 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.
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. Crabel manages all this funds with a staff of no more than 80 people, including 31 researchers and 28 traders.
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.
's Objectivism
philosophy and owns an extensive Romantic realism
art collection
.
Trader (finance)
A trader is someone in finance who buys and sells financial instruments such as stocks, bonds, commodities and derivatives. A broker who simply fills buy or sell orders is not a trader, as they are merely executing instructions given to them. According to the Wall Street Journal in 2004, a managing...
. The Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
called Crabel "the most well-known trader on the counter-trend side" He is the fund manager of "Crabel Capital Management". Crabel Capital Management ranked number 101 out of 196 funds on Absolute Return
Absolute return
The absolute return or simply return is a measure of the gain or loss on an investment portfolio expressed as a percentage of invested capital. The adjective absolute is used to stress the distinction with the relative return measures often used by long-only equity funds, i.e...
magazine list Absolute Return survey of U.S. groups with more than $1 billion AUM
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
, July 2005. 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. Crabel is also an author. He has written the book Day Trading with Short-term Price Patterns, which can be found on eBay
EBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
for upwards of $1,000 a copy.
Career
In 1975, while attending college Toby began to trade the marketsFinancial instruments
A financial instrument is a tradable asset of any kind, either cash; evidence of an ownership interest in an entity; or a contractual right to receive, or deliver, cash or another financial instrument....
. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading. He played professional tennis for three years and went on to work as a trader for Victor Niederhoffer
Victor Niederhoffer
Victor Niederhoffer is a hedge fund manager, champion squash player, bestselling author and statistician.Victor Niderhoffer was born in Brooklyn to a Jewish family. His father, Arthur, graduated from Brooklyn Law School but went to work in the police. Victor’s mother, Elaine was a teacher....
at his firm in New York while also giving short-term market advice to floor traders
Trader (finance)
A trader is someone in finance who buys and sells financial instruments such as stocks, bonds, commodities and derivatives. A broker who simply fills buy or sell orders is not a trader, as they are merely executing instructions given to them. According to the Wall Street Journal in 2004, a managing...
. He left Niederhoffer Investment in 1993 to focus fully on managed futures trading. During 1998, he ran his hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
out of his house in the middle of some cornfields northwest of Milwaukee. 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.
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
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
are over $3.2B. Crabel manages all this funds with a staff of no more than 80 people, including 31 researchers and 28 traders.
Crabel Capital Management ranked number 101 out of 172 funds on Absolute Return
Absolute return
The absolute return or simply return is a measure of the gain or loss on an investment portfolio expressed as a percentage of invested capital. The adjective absolute is used to stress the distinction with the relative return measures often used by long-only equity funds, i.e...
magazine list Absolute Return survey of U.S. groups with more than $1 billion AUM
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
, July 2005.
Personal
Toby subscribes to Ayn RandAyn Rand
Ayn Rand was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her two best-selling novels The Fountainhead and Atlas Shrugged and for developing a philosophical system she called Objectivism....
's Objectivism
Objectivism (Ayn Rand)
Objectivism is a philosophy created by the Russian-American philosopher and novelist Ayn Rand . Objectivism holds that reality exists independent of consciousness, that human beings have direct contact with reality through sense perception, that one can attain objective knowledge from perception...
philosophy and owns an extensive Romantic realism
Romantic realism
Romantic realism is an aesthetic term that usually refers to art which combines elements of both romanticism and realism. The terms "romanticism" and "realism" have been used in varied ways, and are sometimes seen as opposed to one another....
art collection
Collection (museum)
A museum is distinguished by a collection of often unique objects that forms the core of its activities for exhibitions, education, research, etc. This differentiates it from an archive or library, where the contents may be more paper-based, replaceable and less exhibition oriented...
.
See also
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