Crabel Capital Management: Platform Profile

Overview

Crabel Capital Management is a quantitative asset manager specializing in systematic futures and foreign-exchange trading.

Current identity:

• Legal manager: Crabel Capital Management, LLC
• NFA ID: 0196351
• SEC number: 801-110141
• CTA: Yes
• CPO: Yes
• SEC registered investment adviser: Yes

Current first-party programs include:

• Crabel Multi-Product;
• Crabel Gemini;
• Crabel Advanced Trend.

May fit better for

• institutional systematic investors;
• QEP investors;
• allocators seeking short-term and medium-term systematic strategies;
• clients comfortable with high-frequency/low-latency components;
• investors seeking futures/FX diversification;
• portfolios that can tolerate substantial program-specific drawdowns.

May fit less well for

• small retail investors;
• users who want one firmwide minimum;
• investors who assume every Crabel program charges a performance fee;
• users relying on undated $1M database minimums without confirming current access;
• clients uncomfortable with leverage;
• investors seeking an algorithm-only "set it and forget it" consumer product.

Crabel is broader than trend following

Current first-party Multi-Product description includes:

• short-term momentum;
• mean reversion;
• trend participation;
• other idiosyncratic concepts.

Current public minimum sources conflict materially

Current IASG pages show:

• Multi Product 1x IASG minimum: $1M
• Gemini 1x IASG minimum: $1M
• Advanced Trend 1x IASG minimum: $1M

Dated March 2026 AutumnGold references show materially higher minimums for applicable QEP programs, including:

• Advanced Trend 2026: $10M
• Gemini 2026: $10M
• Multi Product 2026: $50M-$100M depending listing/share class/report

Program fee structures differ sharply

Current IASG disclosures show:

• Multi Product 1x:
• Management fee: 2%
• Performance fee: 30%
• Gemini 1x:
• Management fee: 2%
• Performance fee: 0%
• Advanced Trend 1x:
• Management fee: 1%
• Performance fee: 0%

Other leverage classes can have different management fees.

Leverage class matters

Current database listings include:

• Multi-Product 1x;
• Multi-Product 1.5x;
• Gemini 1x;
• Gemini 1.5x;
• Advanced Trend 1x.

First-party AUM is leverage-adjusted

Current Crabel site states approximately:

• Public AUM: $5.0B
• Public AUM date: 2026-02-01
• Public AUM definition: leverage-adjusted assets including notional equity
• Public AUM equals regulatory AUM: No

Multi-Product is available through multiple structures

Current first-party page:

• Multi Product structures:
• commingled investment
• separately managed account

Systematic automation does not remove operational risk

Crabel emphasizes:

• low-latency trading;
• global co-location;
• proprietary execution algorithms;
• approximately 200-250 futures/FX markets depending current page/context.

QEP restrictions must be attached to current program access

Dated 2026 CTA-ranking sources identify QEP-only access for applicable current Crabel programs.

Assessment

Crabel is a strong example of why CTA database fields cannot be imported mechanically.

The current public record contains:

• $1M IASG program minimum references;
• much higher dated 2026 access references;
• QEP restrictions;
• program-specific fee structures ranging from no performance fee to a 30% performance-fee reference;
• multiple leverage levels;
• a leverage-adjusted AUM figure that is not regulatory AUM.

The correct canonical state is to preserve those distinctions and set the universal minimum to undisclosed.