About Crabel Capital Management
Who We Are
Crabel is a research and technology-driven investment firm specializing in systematic, automated trading of global futures and currencies. For more than 30 years, we’ve delivered uncorrelated returns to our clients by developing trading strategies designed to systematically capture market anomalies and by building the technology to test, refine, and implement those strategies.
Toby Crabel
Founder, Chairman, and Chief Investment Officer
Toby Crabel is Founder, Chairman, and Chief Investment Officer of Crabel Capital Management and a member of the firm’s Executive Committee. As Chairman and CIO, Toby spends his time leading the firm’s ongoing research efforts, guiding the management team, and mentoring talented researchers. The firm’s investment team continues to diversify a portfolio of strategies traded through a proprietary infrastructure specifically developed to implement Toby’s unique style of trading.
Toby began his career in 1980 with the Chicago-based brokerage firm RB&H Financial Services. At RB&H, he traded customer accounts using a discretionary approach. However, working near floor traders at the Chicago Mercantile Exchange, he quickly became interested in applying a more quantitative methodology to profit from what he believed were explainable and predictable observations in price behavior. Toby’s research on the matter led him to publish a commodity advisory letter, The Active Trader, devoted to describing these predicted price observations. In 1989, he took his research even further and authored Day Trading with Short Term Price Patterns and Opening Range Breakouts, which was one of the earliest and most detailed descriptions of how to trade short-term price patterns across markets. In it, Toby detailed his core philosophy: that robust investment strategies should capture enduring and explainable market participant behavior that is often most prevalent in very short-term market patterns exhibited across futures and forex markets.
Toby also worked for Niederhoffer Investments where he continued his research and traded for Victor Niederhoffer while managing a small customer portfolio of his own. When he left Niederhoffer, Toby leveraged that portfolio along with his early research on price patterns and market behavior to build the foundation for Crabel Capital Management as it is known today.
Michael Pomada
PRESIDENT, Chief Executive Officer, AND PORTFOLIO MANAGER
Michael Pomada is President and Chief Executive Officer of Crabel Capital Management and a member of the firm’s Leadership and Executive Committees. In addition to his executive role, Michael is also the Portfolio Manager of Crabel Gemini and Crabel Contra and developed Crabel Advanced Trend. He spends his time on research and product development, as well as overseeing the front office teams.
Michael joined Crabel in April 2008 as a portfolio manager focusing on the firm’s Equity Main strategies. In late 2009, he spearheaded a firmwide initiative to revamp the organization’s trading infrastructure, execution process, and microstructure research. He went on to serve as Crabel’s Chief Operating Officer from June 2011 to July 2016 when he became President and CEO.
Prior to joining Crabel, Michael spent time at UBS and managed portfolios at Manchester Trading (Niederhoffer) and Coast Asset Management. He began his career in sales and business development in the interactive entertainment industry before transitioning into finance. A graduate of the University of California, Berkeley, Michael also holds an MBA with a concentration in investments and statistics from the University of Southern California.
Featured Award
Over the years, we’ve been recognized for our commitment to excellence and achievement in the quantitative investment industry. We are proud to share our trophy case of awards presented by well-known organizations, including the Pinnacle Achievement Award, which honors Toby Crabel for his advances in the industry.
Responsibility & Sustainability
Environmental Sustainability
At both our Los Angeles and Milwaukee offices, we have taken strides to reduce our environmental impact and make our workspaces as green as possible, including implementing programs for recycling, composting, e-waste management, paper and water reduction, and qualified mass transit. Our Los Angeles headquarters is an LEED EB Silver certified workplace that has a solar panel system for the building and designated electric vehicle charging stations in the parking garage. We’ve also made various infrastructure improvements to our Milwaukee office, such as installing motion-detecting LED lights and an energy-efficient HVAC system.
Social Responsibility
Our aim has always been to provide our people—many of whom have been with us for years or even decades—with important and challenging work, competitive compensation, educational opportunities, and a dynamic and inspiring workplace so they can thrive personally and professionally.
Crabel values diverse backgrounds and experiences and believes diversity strengthens our firm. Our Equal Employment Opportunity and Diversity, Equity, and Inclusion Policies demonstrate our commitment to diversity and inclusion and ensure our hiring practices and work environments remain respectful and professional.
Internal & Regulatory Governance
We maintain high standards to ensure our firm stays current on the latest industry and regulatory developments. We have many internal committees responsible for keeping Crabel apprised on matters related to operations, allocations, valuations, risk, algorithm oversight, and much more. We participate in industry events and monitor regulatory guidance to ensure internal procedures are appropriately designed for our business.
Contact us for a more detailed explanation of our ESG and DEI efforts.
