Raymond T. Murphy
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)