About Crabel Capital Management

Who We Are

Crabel is a research and technology-driven investment firm specializing in systematic, automated trading of worldwide futures and currencies. For more than 25 years, we have delivered uncorrelated returns to our clients by developing trading strategies designed to systematically capture market anomalies and building the technology to test, refine, and implement those strategies.

Our Leadership Team

Toby Crabel

Founder, Chairman, and Chief Investment Officer

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Michael Pomada

Chief Executive Officer

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Toby Crabel

Founder, Chairman, and Chief Investment Officer


Toby Crabel, Founder, Chairman, and Chief Investment Officer of Crabel Capital Management, LLC and a member of the Executive Committee, began his career with Chicago-based RB&H Financial Services in 1980 where he traded customer accounts using a discretionary approach. After RB&H, Mr. Crabel published a commodity advisory letter devoted to explaining observations of price behavior.

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.

In 1991, Toby joined Niederhoffer Investments where he continued his research and traded for Victor Niederhoffer while also managing a small customer portfolio that he had brought with him. In 1993, he left Niederhoffer with that portfolio to establish his own investment management firm. It was this move and Toby’s early research on price patterns and market behavior that he used as the foundation to build Crabel Capital Management as it is known today.

Michael Pomada

Chief Executive Officer


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 one of the chief architects behind the development of Crabel’s Advanced Trend strategy. 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 Crabel’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.

Our Awards

Over the years, we’ve been honored with some of the industry’s best-known awards presented by top organizations for our commitment to our clients and our achievement in the quantitative finance space. Check out our complete list of awards to get an idea of the programs that have helped us attain our greatest industry recognition.

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, fair 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 communities. Our Equal Employment Opportunity Policy demonstrates our commitment to diversity and inclusion and ensures our hiring practices and work environments remain respectful, professional, and discrimination-free

Internal & Regulatory Governance

We maintain rigorous 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 regularly monitor the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, and the U.S. National Futures Association websites as well as other publications for changes to rules and regulations. Other sources of information include external counsel, auditors, tax advisors, and other service providers.

Contact us for a more detailed explanation of our ESG efforts.