Welcome to Typhon Capital Management, a registered CTA.

Our Team

MANAGEMENT

James L. Koutoulas, Esq,

Chief Executive Officer

James L. Koutoulas, Esq., founded Typhon 2008 in order to provide investors with the ability to access emerging managers who are surrounded by institutional infrastructure.

Mr. Koutoulas is the President and Co-Founder of the Commodity Customer Coalition. At CCC, Mr. Koutoulas represented over 10,000 customers pro bono, helped force the full return of $6.7B in customer assets, and advised Congress on reforms. He served on the Board of Directors of the National Futures Association for three years.

Mr. Koutoulas earned a J.D. from The Northwestern University School of Law and is a member of the Illinois Bar. He serves as an expert to the Northwestern Investor Protection Clinic. Mr. Koutoulas has a degree in Finance from the University of Florida, where he was a National Merit Scholar, AP National Scholar, and Angelos Langadas Classics Scholar.

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David Klusendorf

Chief Investment Officer

David Klusendorf is the Chief Investment Officer and a principal of Typhon Capital Management which he joined in March 2015. Mr. Klusendorf brings over 25 years of trading experience to Typhon. He was the President of Klusendorf Trading from 1991 until 2015, a proprietary trading firm that specialized in Eurodollar and Interest Rate products at the CME and CBOT. Prior to that, he served as Senior Trader at Timber Hill trading. During his trading tenure, Mr. Klusendorf held memberships at the CME and CBOT and served on numerous committees at both exchanges. Mr. Klusendorf earned a BA and an MBA from Loyola University, Chicago.

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PORTFOLIO MANAGERS

Each of our portfolio managers is a principal of Typhon and the head of an internal division within the firm. Typhon never charges layered fees, even for multi-manager products.

All of our strategies are available in separately managed accounts and in U.S. and Cayman-domiciled pools via our Argos Alternative Funds umbrella.

James Gallo

Portfolio Manager | Vulcan Metals Strategy

James Gallo joined Typhon Capital Management in May 2016 as the Portfolio Manager of the Vulcan Metals Strategy.

In 1987, Mr. Gallo became a member of Commodity Exchange, Inc., COMEX, based in New York, NY, as the youngest member in its history. Once Mr. Gallo graduated from high school he embarked on what has become a three-decade career in the financial industry, all spent at the COMEX/NYMEX where he has both run All American Copper and been a proprietary trader for 29 years.

Mr. Gallo has also served as President and CEO for the All American Copper Corporation, a order execution firm in New York, NY, since 1994.

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Simon Harris

Portfolio Manager | Chiron Currency Program

Simon Harris joined Typhon in September of 2011 as a portfolio manager in our Chiron Currency Group. He has 30 years Financial Markets experience: equities, bonds & foreign exchange in proprietary trading and brokerage in senior management roles since 1982. Prior to his time at Typhon, he was served in Senior Trading and Business Management roles at Wood MacKenzie, Williams de Broe, Tullet & Tokyo. He also has risk management experience running trading teams, Head of Risk at TMS Capital.

Jerod Larry Leman

Portfolio Manager | Plutus Grain Strategy

Jerod Larry Leman, Investment Manager, was born and raised in a small farm community in Northern Indiana. He became involved in the markets in July 1989, helping his family farm distribute their grain. He enrolled in Purdue University in Lafayette, Indiana in August 1999 and graduated in May 2003 with a degree in Agriculture Economics. Upon graduation, Mr. Leman joined Overmeyer Commodities, a commodities brokerage firm in Lafayette, Indiana as an Account Executive. Then, in September 2003, Mr. Leman transitioned to a larger firm, Wellington Commodities in Carmel, Indiana. There, he worked with farmers, commercial, and speculative clients, and co-developed the PGS. Also, while at Wellington, Jerod helped operate a direct-ship cash grain business, Starke Indy Direct, in Carmel, Indiana, where he has traded cash grain for an elevator. Mr. Leman brought Plutus to Typhon in September 2010. Mr. Leman maintained his cash grain business at Wellington until April 2012 when he moved it to Silveus Financial, LLC to become a branch manager for their Zionsville, IN cash grain desk. Mr. Leman left Silveus in July 2013 to return to his cash desk at Wellington where he became an associated person again in October 2013.

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George Michalopoulos

Portfolio Manager | Leonidas Energy & Macro Strategies

George Michalopoulos is the Portfolio Manager of the Leonidas Energy and Macro Strategies and joined Typhon in December 2016.

Prior to joining Typhon, Mr. Michalopoulos worked for Citadel Investment Group in London and Chicago from August of 2005 through March of 2011 where he held various roles, among them Portfolio Manager and as a Junior Trader for their crude oil portfolio-ultimately becoming the Director of Citadel’s sole speculative crude volatility business. During his tenure at Citadel, Mr. Michalopoulos gained valuable skills and experience trading in the energy products, including Crude Oil, WTI, Brent, and Natural Gas.

Following his time at Citadel, Mr. Michalopoulos founded Empeopled, a social project to self-govern social media and create crowd-based decision making, in April of 2012 in Los Angeles, California and continues working on today.

Mr. Michalopoulos graduated from The University of Chicago in June of 2005 with a BA in Economics and a 3.8 GPA, he was named to the Dean’s List from 2001 thru 2005, and was a Metcalf Fellow in 2004. Mr. Michalopoulos was elected Phi Beta Kappa in 2005.

Typhon only hires managers that have a clearly defined edge within the markets they trade. In most cases, this leads us to focused, niche managers.

Typhon strategies are uncorrelated to each other as well as the broader universe of CTAs and tactical traders.

D. Matthew Thompson

Portfolio Manager | Proteus Dynamic Volatility Program

D. Matthew Thompson is a trading principal of Typhon Capital Management, LLC. Mr. Thompson holds a BS in Economics from the University of Illinois at Urbana/Champaign and has earned the CFA designation. He is currently a member of the CFA Institute and the CFA Society of Chicago.

From January 2008 to June 2012, Mr. Thompson was a principal with Hills Fund Management, LLC, which was an investment manager for high-net-worth individuals. At Hills, Mr. Thompson was responsible for portfolio analytics and portfolio management and was registered as a principal and associated person from October 2008 until June 2012. From June 2012 until January 2013, Mr. Thompson traded Proteus on a proprietary basis. In January 2013, he began trading Proteus on behalf of clients and registered as a principal and associated person of Advocate Asset Management, LLC, which provides investment management for individual and institutional clients. Mr. Thompson became a principal of Typhon Capital Management in November 2013 to operate Proteus exclusively for Typhon.

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Michael A. Thompson

Portfolio Manager | Proteus Dynamic Volatility Program

Michael Thompson is a trading principal of Typhon Capital Management, LLC. Mr. Thompson earned a BS in Economics from the University of Illinois at Urbana/Champaign and holds the CFA designation. He is also a member of the CFA Institute and the CFA Society of Chicago.

From January 2008 to June 2012, Mr. Thompson was a principal with Hills Fund Management, LLC, which was an investment manager for high-net-worth individuals. At Hills, Mr. Thompson was responsible for portfolio analytics and portfolio management and was registered as a principal and associated person from October 2008 until June 2012. From June 2012 until January 2013, Mr. Thompson traded Proteus on a proprietary basis. In January 2013, he began trading Proteus on behalf of clients and registered as a principal and associated person of Advocate Asset Management, LLC, which provides investment management for individual and institutional clients. Mr. Thompson became a principal of Typhon Capital Management in November 2013 to operate Proteus exclusively for Typhon.

OPERATIONS

Typhon’s Due Diligence, Risk, and Operations Group has a wide breadth of experience across the commodities and securities industries and supervises manager on-boarding, risk, and operations across all of Typhon’s trading groups.

Typhon provides its managers with best-in-class legal, compliance, accounting and administrative support.

Diana Rydbeck

Managing Director of Operations

Ms. Rydbeck has served as Managing Director of Operations and Investor Relations at Typhon Capital Management since 2009 where she has been responsible for the back office infrastructure and daily operations of Typhon. Ms. Rydbeck simultaneously has served as the Director of Operations of the Commodity Customer Coalition since 2011 and has been an integral part of the support system in the grass roots organization that has advocated on behalf of over 10,000 affected customers of recent industry bankruptcies. Ms. Rydbeck earned her Bachelor of Science degree from the University of Florida.

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Michelle Stewart

Director of Operations

Michelle Stewart, Director of Operations joined Typhon in 2014 and is currently responsible for back office administration. Ms. Stewart has extensive experience in project strategy, organization and analysis. Prior to joining Typhon, Ms. Stewart spent six years with Infinium Capital Management, a proprietary trading firm. While at Infinium she created and implemented a firm-wide expense allocation framework, identifying efficiency opportunities and operational redundancies, leveraging assets towards the reduction of expenses. Before moving to Chicago, Ms. Stewart owned and operated a small retail business in San Francisco, California. Ms. Stewart attended Iowa State University where she studied History and English Literature.

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Alex Kara

Associate

Alex Kara joined the Typhon team as a Back Office Associate in 2015. As a Back Office Associate Mr. Kara is responsible for maintaining the smooth daily operation of all office activities. Previous to Typhon Mr. Kara worked at Balyasny Asset Management, LP as a Facilities & Office Coordinator. Mr. Kara graduated from Moraine Valley Community College with an Associates degree in Criminal Justice.

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