Executive Money Managers

James E. Crabbe serves as founder and chief investment officer, making all material portfolio decisions personally. He has managed the strategy since 1990 and has historically kept his own capital meaningfully invested alongside clients.

The firm is known for maintaining one of the most concentrated books in the registered space, often holding fewer than 20 names. This level of concentration means individual positions can carry substantial weight, a departure from the diversified approach standard at most long-short funds.

Yes, and the cash posture is a defining feature. The firm has periodically held 30% or more in cash during periods when Crabbe found insufficient attractive opportunities, including through the 2008 financial crisis and parts of the low-rate era. Some periods have seen net equity exposure fall below 50%.

Crabbe practices a classic value discipline with a macro overlay. He looks for deeply discounted securities where intrinsic value is not reflected in price, but he also assesses the broader market environment and will reduce exposure when risk premiums are compressed. The strategy is fundamentally bottom-up but unusual in its top-down willingness to de-risk.

Executive Money Managers has historically offered both mutual fund and separately managed account structures. The flagship vehicle has been accessible to individual investors through standard brokerage platforms, with minimums that are modest compared to many institutional long-short offerings.