Category: Media

The Wall Street Journal
“That’s just more supply,” said James Koutoulas, Chief Executive at Typhon Capital Management LLC, which manages about $80 million in assets, largely commodities. “That sure isn’t going to boost oil prices.”

The Wall Street Journal
To really boost demand, businesses and governments would have to make big investments in new factories or roads, but they aren’t, said James Koutoulas, chief executive at Typhon Capital Management LLC. He has been betting oil prices will keep retreating at $50 because demand can’t catch up with supply. “We’ve got no infrastructure spending, no help from [lawmakers] in any country,” said Mr. Koutoulas, whose firm manages about $80 million in assets, largely commodities. “You have no demand stimulus.”

ValueWalk
Some noncorrelated funds took a more pragmatic approach to the Brexit. James Koutoulas, leader of the $80 million Typhon Capital Management, instructed his six portfolio managers “take most risk off ahead of the vote precisely to not try and be a hero ahead from a coin flip vote,” he told ValueWalk, calling it “the responsible thing to do.” He said the medium sized sell off in the stock market was appropriate due to uncertainty combined with valuation issues. “Brexit is mostly a good thing that will force some much needed reform of the EU.”

CTA Intelligence
Chicago-based Typhon Capital Management has launched a metals CTA strategy run by a veteran New York Mercantile Exchange (NYMEX) floor trader.
The Vulcan Metals Strategy is a pure discretionary trading strategy managed by James Gallo, who has been a proprietary metals trader on the NYMEX since 1987.

The Wall Street Journal
While stockpiles and production may still be relatively high, those factors can take a backseat when investors herd into the same space, which they have been doing lately in commodities, said James Koutoulas, chief executive at Typhon Capital Management, a commodity trader in Chicago with about $100 million in assets. Many are simply buying back into oil, helping to keep the rally going even in the face of oversupply.

“With momentum trades, they can last a long time,” Mr. Koutoulas said.

The Wall Street Journal
Inflows started again by late 2014 and the firm is now back nearly to its peak after adding $10 million in new investor money in the first quarter of this year, Mr. Koutoulas said. His team has been flying from its Chicago headquarters to Japan, Hong Kong, Switzerland, the U.K. and elsewhere around Asia and Europe to meet potential new clients, many of whom are fearful the long rally in equities is over. “The inquiry level is just massive,” Mr. Koutoulas said.

The Wall Street Journal
“This is not a place where you want to take a directional oil bet,” said James Koutoulas, chief executive at the futures-trading firm Typhon Capital Management, which manages about $100 million in assets. “You want to [bet on] volatility.”

CTA Intelligence
Outgoing board members James Koutoulas and John Roe offer some recommendations
The National Futures Association (NFA) has a large board, even though it was reduced to 29 members with this year’s election. It will now be com- posed of 19 directors affiliated with a member and 10 public directors not associated with a member.

The Wall Street Journal
Oil sold off dramatically all of Tuesday afternoon as warnings of oversupply and tumbling stock markets around the world highlight the worst-case possibilities for a struggling market.
“You’re seeing a lot of fear,” said James Koutoulas, chief executive at Typhon Capital Management, which manages about $100 million in assets. “Oil will end up going lower before a sustained recovery.”