History

Toby Crabel founded Crabel Capital Management, LLC in 1992. He is the firm’s Chief Executive Officer and Chief Investment Officer.

After studying finance at Florida Technological University, Toby joined Chicago-based RB&H Financial Services in 1980, one of the most well-regarded brokerage firms on the Chicago Mercantile Exchange. There, he traded customer accounts using a discretionary approach. RB&H was followed by four years of publishing a commodity advisory letter, The Active Trader, devoted to explaining his observations of price behavior. In 1989, he authored the book Day Trading with Short Term Price Patterns and Opening Range Breakouts.

Toby’s early philosophy was that strategies should capture enduring and explainable market participant behavior which Toby found particularly evident in very short-term market patterns in the futures and foreign currency markets. Crabel Capital’s unique edge continues to this day through the use of scientific, evidence-based research to capture patterns in market behavior and find efficient ways to exploit those patterns.

In 1991, Toby joined Niederhoffer Investments where he conducted research and traded for Victor Niederhoffer while continuing to manage a small customer portfolio that he brought with him. In 1993, Toby left Niederhoffer to pursue his own investment management company based on the customer portfolio he had prior to joining Niederhoffer. This business was initially founded in 1992 and would later become Crabel Capital Management.

The portfolio and the team have grown to over 50 people including a seasoned group of portfolio managers who in addition to Toby, continue to diversify the portfolio of strategies well beyond the original short-term program on which the firm was founded. All trading is done through customized infrastructure that was developed specifically to implement Toby’s unique style of trading and is overseen by an experienced trade desk staff, 24 hours a day. The firm is committed to ongoing research and developing new talent to continue the innovation and diversification of ideas within the firm.