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Commodity Pool Operator (CPO)
Commodity Trading Advisor (CTA)
NFA ID: 0196351
Program Past 12 Months Apr YTD CAROR WDD AUM Min Inv Visits
Crabel Multi-Product -0.28 2.78 11.21 -16.26 630.5M 1,000k 4773
Crabel Two Plus Program -1.73 -3.75 8.89 -16.98 293.0M 5,000k 3500
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.

CTA Introduction

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.
Risk Disclosures

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.

YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY FUTURES, OPTIONS, AND FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR ("CTA"). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") REQUIRE THAT PROSPECTIVE CLIENTS OF A CTA RECEIVE A DISCLOSURE DOCUMENT BEFORE THEY ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT'S COMMODITY INTEREST TRADING AND THAT FEES AND CERTAIN RISK FACTORS BE HIGHLIGHTED. IASG WILL PROVIDE YOU A COPY OF THE DISCLOSURE DOCUMENT AT NO COST. YOU SHOULD REVIEW THE CTA'S DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THE TRADING PROGRAMS DESCRIBED ON THIS WEBSITE NOR ON THE ADEQUACY OR ACCURACY OF THE CTA'S DISCLOSURE DOCUMENT. THE INFORMATION CONTAINED ON THIS WEBSITE HAS BEEN PREPARED BY IASG FROM SOURCES DEEMED RELIABLE, BUT IASG DOES NOT GUARANTEE THE ADEQUACY, ACCURACY OR COMPLETENESS OF ANY INFORMATION. NEITHER IASG NOR ANY OF ITS RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, AGENTS AND EMPLOYEES MAKE ANY WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND WHATSOEVER, AND NONE OF THESE PARTIES SHALL BE LIABLE FOR ANY LOSSES, DAMAGES, OR COSTS, RELATING TO THE ADEQUACY, ACCURACY OR COMPLETENESS OF ANY INFORMATION ON THIS REPORT.