Typhon Capital Management

What Typhon Capital Management does

Typhon Capital Management, LLC is a privately held, US-domiciled (Chicago/Miami Beach) investment manager operating since circa 2008 as an NFA-registered Commodity Trading Advisor and Commodity Pool Operator. The firm serves only Qualified Eligible Participants under Section 4.7 of the Commodity Exchange Act, plus institutional allocators and accredited/qualified purchasers, offering direct modular access to 16 internal tactical trading strategies spanning equities, commodities, futures, cryptocurrencies, and private credit.

The platform is built around three differentiated design choices: (1) a direct-allocation architecture with no embedded leverage or fee-on-fee layering, contrasting with most multi-strategy platforms; (2) proprietary live order-book level risk controls backed by a three-tier risk budgeting framework providing independent oversight of every PM; and (3) PM ownership and personal capital commitment in their own strategies. Customized structures — multi-strategy portfolios, funds of one, swaps, and SPVs — are assembled on top of the core strategy menu. Beyond trading, the firm operates private credit origination and bond issuance through SEC-registered wholly-owned subsidiary Typhon Advisors, and offers litigation finance with optional insurance wraps.

Revenue is generated through fund management fees on private pooled vehicles, managed-advisory fees via the RIA subsidiary, and transaction-related fees on listed derivatives and swaps. Distribution is relationship-based and gated: a direct investor relations team handles DDQ requests and allocation conversations, a secure Programs portal serves authenticated investors, and an active recruitment channel ([email protected]) onboards emerging managers onto the platform. UK reach is enabled through Starmark Investment Management Limited under FCA authorization, and all funds are KPMG-audited.

Name

Typhon Capital Management

Legal name

Typhon Capital Management, LLC

Website

https://typhoncap.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Typhon Capital Management is a privately held, CFTC-registered CPO/CTA and SEC-registered RIA that gives qualified institutional investors direct, fee-transparent access to 16 internal tactical trading strategies, plus private credit and litigation finance vehicles.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Single-Manager, Multi-PM (FSAHAFAB)

akta.pro secondary industries

Multi-Strategy — Credit + Structured Products (FSAHAFAE), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Commodity trading advisor
• Managed futures funds
• Tactical trading strategies
• Alternative investment management
• Multi-strategy hedge funds

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Typhon Capital Management operates as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) managing private funds for qualified investors. Revenue is generated through fund management structures.
2. Investment Advisory Services: Typhon Advisors, the SEC-registered RIA subsidiary, provides investment advisory services including private credit origination and bond issuance structures for qualified investors.
3. Derivatives Trading Services: Services related to listed derivatives for Qualified Eligible Participants as defined by the Commodity Exchange Act. Also provides swaps for Eligible Contract Participants.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Typhon Capital Management operates as a CFTC-registered Commodity Pool Operator and Commodity Trading Advisor managing 16 internal tactical trading strategies across equities, commodities, futures, cryptocurrencies, and private credit for qualified eligible participants and institutional allocators. Through its wholly-owned SEC-registered RIA subsidiary Typhon Advisors, it also supports private credit origination and bond issuance. The firm delivers modular fund platforms with direct allocation (no embedded leverage or fee-on-fee), customized structures (multi-strategy portfolios, funds of one, bonds, swaps, SPVs), and litigation finance with insurance wraps.

Product overview

Typhon Capital Management is a modular platform offering 16 internal tactical trading strategies across equities, commodities, futures, cryptocurrencies, and private credit. The platform provides direct, fee-transparent access to specialist managers through customized structures including multi-strategy portfolios, funds of one, bonds, swaps, and SPVs. Additional offerings include private credit origination and bond issuance through its SEC-registered subsidiary Typhon Advisors, and litigation finance with optional insurance wraps. The architecture enables sophisticated allocators to access differentiated return streams with independent risk oversight and no embedded fee layering.

Differentiator

Problem solved

Functional benefit

Products and services

• Tactical Trading Strategies A suite of 16 internal tactical trading strategies across equities, commodities, futures, cryptocurrencies, and private credit, designed for qualified eligible participants and institutional allocators seeking differentiated return streams and regime diversification.
• Private Credit Origination & Bond Issuance Private credit origination and bond issuance structures delivered through Typhon Advisors (SEC-registered RIA subsidiary), providing qualified investors with differentiated fixed income exposure.
• Litigation Finance with Insurance Wraps Litigation finance offerings structured with optional insurance wraps to enhance downside protection for sophisticated investors seeking non-correlated alternative return streams.

Quantifiable outcome

• $7.1B in recoveries led by Founder & CEO as trial lawyer
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Starmark Investment Management LimitedcoreOthersTyphon Capital Management, LLC operates as an Appointed Representative of Starmark Investment Management Limited, which is Authorised and Regulated by the Financial Conduct Authority (FCA) in the UK. This relationship provides FCA regulatory oversight for Typhon's UK operations.
• KPMGcoreOthersKPMG provides audit services for Typhon funds, indicating institutional-grade financial reporting and compliance oversight.
• CME Group (Chicago Mercantile Exchange)supportingOthersChief Investment Officer David Klusendorf is a full member of CME, CBOT, and CBOE, indicating direct market access and trading privileges across major derivatives exchanges.
• CBOT (Chicago Board of Trade)supportingOthersChief Investment Officer David Klusendorf holds full membership providing trading access.
• CBOE (Chicago Board Options Exchange)supportingOthersChief Investment Officer David Klusendorf holds full membership providing trading access.
• COMEXsupportingOthersPortfolio Manager James Gallo has been trading metals on COMEX/NYMEX for over 30 years and serves on the COMEX Board of Governors.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Winton Group: London-based systematic and managed futures manager with multi-strategy fund structures offered to institutional investors — directly comparable in product type and QEP-eligible investor base.
• Schonfeld Strategic Advisors: Multi-strategy pod-shop platform explicitly recruiting emerging and established PMs with shared risk and operational infrastructure — directly comparable to Typhon's manager-recruitment growth model and direct allocation structure.
• Graham Capital Management: Established multi-strategy CTA offering discretionary and systematic global macro and commodities programs to institutional and qualified investors — closely comparable in product offering and investor certification requirements.
• Millennium Management: Large multi-strategy pod-shop platform managing tens of billions across multiple PM pods with shared risk, operations, and distribution infrastructure — the same structural model Typhon is scaling at a smaller size.
• Balyasny Asset Management: Multi-strategy platform recruiting PMs from trading backgrounds with shared risk and operational platform — directly comparable to Typhon's emerging manager flywheel and direct allocation structure.
• Man Investments (Man Group): One of the largest publicly-listed CTA/managed futures and multi-strategy managers globally; directly comparable to Typhon's 16-strategy tactical trading platform spanning futures, equities, and alternatives.
• Point72 Asset Management: Multi-strategy hedge fund platform with discretionary and systematic pods spanning macro, commodities, and equities — directly comparable to Typhon's emerging-manager recruitment and shared infrastructure model.
• Capula Investment Management: Multi-strategy hedge fund manager with notable credit and structured products exposure; comparable to Typhon's Multi-Strategy Credit + Structured Products positioning and modular platform model.
• Citadel (Citadel LLC / Citadel Securities): Premier multi-strategy global investment firm operating a pod-shop model with commodities, equities, fixed income, credit, and quant strategies; several Typhon PMs are former Citadel, making it a direct comparable for talent flow and strategy breadth.

Broad incumbents

• AQR Capital Management: Large, established multi-asset alternatives manager offering systematic and discretionary strategies across equities, commodities, and fixed income — overlapping broadly with Typhon's quantitative and tactical trading strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/typhoncapital
• Facebookfacebook.com/typhoncap
• LinkedInlinkedin.com/company/typhon-capital-management

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Typhon Capital Management