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Toby Crabel

From Wikipedia, the free encyclopedia

Toby Crabel[1] (born 1955)[2][3] is an American tennis player, who became a commodities trader.

In 1991, Crabel moved to New York City to work under hedge fund manager Victor Niederhoffer in research and trading at Niederhoffer Investments. He left Niederhoffer Investments to commit himself to running systematic asset strategies independently, and launched the Crabel Diversified Futures program, transitioning completely into automated and managed futures trading. The firm's total assets under management ultimately reached over $5 billion.

Crabel is an active tennis player. In 1978, he was ranked as the # 328 player in the world in singles and # 304 in doubles, career highs. He competed in the Men's Doubles in the 1980 French Open. In 2021he was ranked the No.1 player in the 65-and-over age range in the US.[4]

Early life and education

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Crabel was born and grew up in Erie, Pennsylvania[5]

Crabel attended Florida Technological University (renamed the University of Central Florida), and majored in finance.[6] He played on the tennis team, and was a 3-time NCAA Division II All-American.[7]

He also attended the University of California, Berkeley, where he studied mathematics.[5]

Tennis career

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Since 1973 (age of 18), he has been playing professional tennis.[3] In 1978, Crabel was ranked as the # 328 singles player in the world, a career high; his career high in doubles was # 304.[8] He competed in Men's Doubles in the 1980 French Open with Ian Harris, losing their first-round match against Vitas Gerulaitis and former World No. 1 Fred Stolle in straight sets.[9]

Following his retirement from the ATP Tour, Crabel remained active in senior tennis circuits under the United States Tennis Association (USTA) and the International Tennis Federation (ITF).[10] In October 2021, he captured a USTA Gold Ball by winning the USTA National Men's 65 Clay Court Championships in New Orleans.[11] Later that year, he won the Crabel Capital USTA National Men's 65 Grass Court Championships, hosted by his company.[12] He finished the 2021 season ranked as the No. 1 player in the US in the Men's 65-and-over age division.[4] Crabel was selected by the USTA to represent the US at the 2021 ITF Super-Senior World Team Championships, competing for the Britannia Cup.[13]

Financial career

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In 1975, while attending college. Crabel began to trade the markets. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading.[14] Crabel released his book, Day Trading with Short-term Price Patterns, in 1990.[15]

In 1991, Crabel moved to New York City to work under hedge fund manager Victor Niederhoffer in research and trading at Niederhoffer Investments.[16] At the firm, he focused on short-term pattern research and quantitative analysis alongside other traders such as Monroe Trout.[17] During this period, he also provided short-term market analysis and advice directly to floor traders through his advisory work and commodity newsletters.[18] He left Niederhoffer Investments in 1992 to commit himself to running systematic asset strategies independently.[19] Upon his departure from the firm, he focused exclusively on launching the Crabel Diversified Futures program, transitioning completely into automated and managed futures trading.[20]

During 1998, he ran his hedge fund out of his house, located in a rural area northwest of Milwaukee.[1] Diversified Futures closed to new investments in 2001, and had positive returns from inception through 2006.[21]. In 2005, the Financial Times called Crabel "the most well-known trader on the counter-trend side".[15] He is the fund manager of "Crabel Capital Management,"[22] which has previously ranked highly on Absolute Return magazine's list of US groups with more than $1 billion assets under management.[23] Crabel managed $3.2 billion with growth of 16.7% in 2005. Crabel had a record of positive returns, having avoided a single losing year between 1991 and 2002.[24]

Crabel manages private client assets, using the Crabel Fund Ltd for non-US investors and the Crabel Fund LP for US clients.[25] The firm's total assets under management reached over $5 billion.[26] This asset base is traded systematically across several core quantitative programs.[27] Crabel manages these funds with a staff of 31 researchers focused on quantitative research and development, and 28 traders.[21][28]

Bibliography

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Crabel, Toby (1990). Day Trading With Short Term Price Patterns and Opening Range Breakout. Traders Press. ISBN 0-934380-17-1.

See also

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References

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  1. 1 2 Harmon, Amy (July 23, 1998). "Talk, Type, Read E-Mail". Technology. The New York Times. Retrieved March 7, 2012.
  2. ↑ "Player's details – Toby Crabel". www.itftennis.com. International Tennis Federation (ITF).
  3. 1 2 "Quiet Toby Crabel Enjoyed National Circuit". News-Press. October 28, 1973. pp. 8–C. Retrieved January 4, 2022.
  4. 1 2 Papillion, Jude (November 4, 2021). "Men's 60/65 tennis tournament at NOLTC features competitive players, exciting play". The Tulane Hullabaloo. Retrieved January 4, 2022.
  5. 1 2 "Who is Toby Crabel and What is Crabel Capital Management?(Pioneer in Trading)," Quantified Strategies, January 26, 2026.
  6. ↑ "Network 2002". Speaker Bios. Managed Funds Association. February 3, 2002. Retrieved August 15, 2006.
  7. ↑ "2022 Results," Beautyman Cup.
  8. ↑ "Tennis Abstract: Toby Crabel Match Results, Splits, and Analysis". www.tennisabstract.com. Retrieved January 4, 2022.
  9. ↑ "Toby Crabel," ATP Tour.
  10. ↑ "2021 Gold Ball Champions (Complete)". CarolynNichols.com. Senior Tennis Blog. April 12, 2021.
  11. ↑ "Players In The News". nsmta.net. National Men's Tennis Association.
  12. ↑ "Toby Crabel". Top Traders Unplugged. November 2021.
  13. ↑ "2021 ITF Super Senior Team USA Rosters". nsmta.net. National Men's Tennis Association.
  14. ↑ Hartle, Thom (April 2003). "Opening shots" (PDF). Trading Strategies. Active Trader Magazine. p. 23. Archived from the original on October 16, 2006. Retrieved November 19, 2006.
  15. 1 2 "FT.com". Search.ft.com. Retrieved July 27, 2012.
  16. ↑ "Toby Crabel". Traders Log. TradersLog.
  17. ↑ Opalesque (August 5, 2026). "Victor Niederhoffer pioneer of statistical arbitrage and five-time squash champion dies at 82". Opalesque.
  18. ↑ "Toby Crabel". Top Traders Unplugged. Top Traders Unplugged. November 2021.
  19. ↑ "Who We Are". Crabel.com. Crabel Capital Management.
  20. ↑ "Who We Are". Crabel.com. Crabel Capital Management.
  21. 1 2 "Lock and Load". Features. MarHedge. 2006.
  22. ↑ Franiak, Frank J. (August 2000). "Managed Futures: Poor Performance Overshadows Success Stories". Futures Industry Magazine. Futures Industry Association. Retrieved March 7, 2012.(registration required)
  23. ↑ Cohen, Barry (September 2005). "Billion dollar club keeps growing" (PDF). Research. Absolute Return magazine. Archived from the original (PDF) on November 14, 2006. Retrieved November 19, 2006. N.B. This ranking of the top 196 money managers in the country is over seven years out-of-date.
  24. ↑ "Crabel capital". Freewebs.com. Retrieved July 27, 2012.
  25. ↑ "Toby Crabel". Top Traders Unplugged. Top Traders Unplugged. November 2021.
  26. ↑ "Crabel Capital Management". Crabel.com. Crabel Capital Management.
  27. ↑ "Serving up success: Crabel Capital Management's evolution". J.P. Morgan Insights. J.P. Morgan. June 27, 2025.
  28. ↑ "Firm: Crabel Capital Management". Tradermath. Tradermath.
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