The Team
Eric Matsen
President
Eric has over 40 years of experience in trading, strategy, and portfolio risk management.
Starting in the early 80’s, Eric worked in trading, strategy, and research capacities for large Wall Street firms as well as floor trading on both futures and equity options exchanges in New York.
Stock Index Futures Strategist at Shearson Lehman Brothers (mid 80’s).
Senior Options Strategist for Merrill Lynch Futures Research (early 90’s)
Since the mid 90’s, his efforts have been focused on the physical commodity realm.
Served as SR Vice President / Portfolio Manager and advisor to the world’s foremost independent cotton merchant, Dunavant Enterprises Inc.
Since 2003 he has functioned as an independent Physical Commodity Derivative Risk Management Consultant working with large commercial entities.
In 2008 he registered Matsen Enterprises LLC as a Commodity Trading Advisor. His expertise focuses on understanding market spread relationships and interim option pricing volatility skews.
Eric holds a Series 3 with the NFA (NFA ID: 000 9445)
Raymond T. Murphy
Head of Quantitative Research
Ray has over 40 years of commodity index and algorithmic trade development experience. He has designed numerous commodity-based trading strategies including various differentiated long-only and alternative index programs.
Developed the Dynamic Commodity Index (ADCI), an active long/short commodity index.
https://www.spglobal.com/spdji/en/custom-index-calculations/stoneport-advisors-llc/all/#overview
Managing Director at MSR Investments, a CTA providing advanced analytics for hedge fund research and risk parity investment structures.
Prior to that he was a discretionary trader at Graham Capital Management, a $20B hedge fund in Rowayton, CT where he was responsible for managing over $500m in his proprietary commodity, equity index, and fixed-income strategies.
In 2001 he independently designed and licensed to S&P what became the S&P Commodity Indices (SPCI). Ray worked alongside Archer Daniels Midland (ADM) to develop investable products tied to the new SPCI.
In 1995 he was the sole consultant to the New York Board of Trade hired to re-design the CRB Index, the world’s oldest and most well-known commodity index benchmark.
In 1990 designed the Investable Commodity Index (ICI), the first investable total return commodity index.
Ray has consulted to several large institutional clients on the benefits of commodity-based investments and trading strategies.
Ray has spoken at conferences and academic gatherings on commodity and alternative investments and their effective use as diversifiers in well-structured portfolios. He regularly lectures at Bentley University, providing graduate students with a unique perspective on the investment opportunities associated with commodity investing.
Ray graduated from Fairfield University with a BS in Finance. He holds a Series 3 and 30 license with the National Futures Association (NFA ID#: 020-5914)