Toby Crabel Profession: Fund Manager of Crabel Capital Management

William "Toby" Harrison Crabel began his study of market analysis in 1975 at Florida Technological University, where he majored in finance.

Crabel is a famed self made 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. The latest current ranking of the top 196 money managers in the country.

Crabel manages 2.8 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, has written the book Day Trading with Short-term Price Patterns, which can be found on eBay for upwards of $1,000 a copy. He attended the University of Central Florida, and majored in finance.

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. He played professional tennis for three years and went on to work as a money manager for Victor Niederhoffer at his firm in Chicago 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. Since January 1992 he was running his flagship Diversified Futures program which was to close to new investments in 2001.

He currently manages private client funds though the offshore "Crabel Futures Fund" based on the British Virgin Islands and The Crabel Limited Partnership for USA 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.

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

In November 1980, Mr. Crabel began his career in commodities as an associated person ("AP") with Rufenacht, Bromagen & Hertz ("RB&H") in Chicago, Illinois (November 1980 - August 1983). Mr. Crabel was registered as a sole proprietor in April 1981, although he continued his employment with RB&H as an AP.

In August 1982, he began offering his trading advice to market professionals in newsletter format. In August 1983, Mr. Crabel founded and was principal of Analytic Commodity Trading, Inc. ("ACT"). ACT published a daily (ACT Daily Service) and weekly newsletter (The Active Trader) until October 1986. In February 1987, Mr. Crabel resigned as chairman and editor of ACT and founded Toby Crabel & Co. ("TCC"), a trading and advisory firm. In 1989 Mr. Crabel wrote the book Day Trading with Short Term Price Patterns & Opening Range Breakout. From September 1991 until May 1993, he was employed as a trader and analyst at Niederhoffer Investment of New York.

In March 1992, Mr. Crabel changed TCC's CTA status from a corporation to a sole proprietorship (William "Toby" Harrison Crabel, Sole Proprietor). In May 1993, Mr. Crabel left Niederhoffer Investment and worked exclusively for Toby Crabel Sole Proprietor with offices in Redding, Connecticut. On October 1, 1997, Toby Crabel Sole Proprietor was changed to Crabel Capital Management, LLC, a Wisconsin based Limited Liability Company that is engaged in the business of providing futures trading management services. Crabel Capital Management, LLC is registered as a CTA and a CPO. In June 1999, Crabel Capital Management moved to 200 N. Jefferson Street in Milwaukee's Historic Third Ward. In March 2001, Crabel expanded to a larger office located at 312 East Buffalo Street, Unit 30, which is still in Milwaukee's Historic Third Ward.