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Typhon Capital Management

Institutional-Grade Alternatives with Disciplined Risk Management

Typhon Capital Management provides qualified investors with modular access to award-winning specialist managers across equities, commodities, futures, cryptocurrencies, and private credit. Our platform is built for sophisticated investors seeking differentiated return streams, independent risk oversight, and alignment through partner-led strategies.


Why Typhon

  • No passthrough layered fees
  • Independent risk governance at the portfolio and strategy level
  • Partner-led managers with capital and operational skin in the game
  • Institutional controls, compliance, and auditor oversight

Leadership Headshots

James L. Koutoulas, Esq.
James L. Koutoulas, Esq.
Founder & CEO
David Klusendorf
David Klusendorf
Chief Investment Officer, Partner
Nicholas Bloom
Nicholas Bloom
Managing Director, UK Risk, Partner
Ruth Sotak
Ruth Sotak
Managing Director, Operations, Partner
George Michalopoulos
George Michalopoulos
Portfolio Manager
James Gallo
James Gallo
Portfolio Manager, Partner
Jerod Leman
Jerod Leman
Portfolio Manager, Partner
Nick Nickols
Nick Nickols
Portfolio Manager, Partner
Alessandro Barcelloni Corte
Alessandro Barcelloni Corte
Portfolio Manager, Partner
Roberto Vernazza
Roberto Vernazza
Portfolio Manager

Leadership & Portfolio Management

Executive Leadership

James L. Koutoulas, Esq. — Founder & CEO

  • 30 years of experience
  • Software developer, portfolio manager, and trial lawyer
  • Built Typhon's modular fund platforms and bespoke portfolio tools
  • Led $7.1 billion in recoveries as trial lawyer
  • BS University of Florida; JD Northwestern Law
  • Served on the Board of Directors and Executive Committee of the NFA

David Klusendorf — Chief Investment Officer, Partner

  • 39 years of experience
  • Former S&P proprietary trader at Timber Hill, LLC
  • Founded Klusendorf Trading with 22 portfolio managers
  • Full member of CME, CBOT, and CBOE
  • Served on multiple major CME committees

Nicholas Bloom — Managing Director, UK Risk, Partner

  • 41 years of experience
  • Joined Typhon in 2010 as a currency PM, moved to risk in 2020
  • Previously portfolio manager at Tarchon Capital across CTA, macro, fixed income, volatility, and relative value commodity strategies
  • Former trader at Richco, Chemical Bank International, and Lehman Brothers

Ruth Sotak — Managing Director, Operations, Partner

  • 42 years of experience
  • Oversees firmwide operational strategy and execution
  • Former Head of Special Operations at TradeLink
  • Former MD & COO, Global Energy Operations at Citadel Investment Group
  • MS Management, MIT; MA Regional Science, University of Pennsylvania; BS Geography, Michigan State University

Portfolio Managers

George Michalopoulos — Portfolio Manager, Leonidas Macro & Leonidas Cryptocurrency

  • 20 years of experience
  • Joined Typhon in 2016
  • Former Citadel crude oil portfolio manager and director of speculative crude volatility
  • Deep expertise in energy markets, including WTI/Brent and natural gas
  • BA University of Chicago, Phi Beta Kappa

James Gallo — Portfolio Manager, Vulcan Metals, Partner

  • 39 years of experience
  • 30+ years trading metals on COMEX/NYMEX
  • CEO of All American Copper
  • Proprietary metals trader with deep expertise in copper and related markets
  • Member of the COMEX Board of Governors

Michael J. Heffernan, CFA, CMT — Portfolio Manager, S-Squared L/S Quant Value Equity

  • 23 years of experience
  • Former PM at Whitebox Advisors and Flint Rock Global Investors
  • Co-founder and portfolio manager at Hart & Heffernan Capital
  • Specialist in volatility-driven long/short equity and derivatives strategies

Christopher G. Angelo, PhD — Portfolio Manager, S-Squared L/S Quant Value Equity

  • 21 years of experience
  • Former professor of finance at UT Dallas and SMU
  • Founder and fund manager of hedge fund of funds and macro strategies
  • Developed options-based strategies on currency, commodity, and equity index futures

Jerod Leman — Portfolio Manager, Plutus Grain, Partner

  • 23 years of experience
  • Joined Typhon in 2009
  • Structures cash market hedges for end users and agricultural producers
  • Former Hedge Account Executive at Overmeyer Commodities

Nick Nickols — Portfolio Manager, Zephyrus Livestock, Partner

  • 32 years of experience
  • Joined Typhon in 2017
  • Former President of NK Commodity Brokers, Inc.
  • Began career at Security Pacific National Bank's Primary Dealer Group
  • Former VP, Futures Commission Merchant Sales

Alessandro Barcelloni Corte — Portfolio Manager, Athena Quantitative, Partner

  • 15 years of experience
  • Joined Typhon in 2020
  • MSc Investment & Risk Finance, University of Westminster
  • Applies systematic, model-driven strategies across equity and commodity markets
  • Former PM for UCITS multi-strategy funds

Roberto Vernazza — Portfolio Manager, Mercurio Quantitative

  • 21 years of experience
  • Joined Typhon in 2020
  • Former Head Trader & Partner at Quantmetrics Capital Management
  • Helped grow the business from $100M to $1.6B
  • Masters in Economics, University of Cambridge

Risk & Compliance

Typhon Capital Management, LLC is the CFTC Commodity Pool Operator and Commodity Trading Advisor, while Typhon Advisors, LLC, a wholly-owned subsidiary, is an SEC-registered RIA specializing in building bond and SPV offerings for private credit and litigation finance with optional insurance wrappers. KPMG serves as our fund auditor.


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