Bob Marcellus

President

Mr. Marcellus is President and founder of Richmond Group Fund Co. Ltd., a registered Commodity Trading Advisor and Commodity Pool Operator. Richmond Group Fund Co. Ltd. was founded by Mr. Marcellus in 2001 as an alternative investment advisor.  The company specializes in applying a highly diversified and quantitative “global macro” strategy across over 80 global futures, commodities, and foreign exchange markets for its institutional client base. 

Mr. Marcellus began a career back in 1987 that has seen him trading for his own account, managing a retail brokerage operation, providing research and trading recommendations as an analyst to retail clients, designing trading models, managing institutional client accounts as a “proprietary trader”, to now advising well known global institutions through the various investment vehicles and strategies of the Richmond Group Fund Co. Ltd. 

Under Mr. Marcellus’ leadership, Richmond Group has come to be recognized as a quality institutional alternative asset manager,  has seen its two flagship investment programs listed on globally recognized investible hedge fund platforms, become the exclusive advisor for a private fund offering, and has managed the proprietary capital of some of the worlds largest investment houses and banks. Richmond Group continues to gain extensive experience advising pension funds, global investment banks, family offices, and financial institutions from the Americas, Europe, Asia and the Mid-East on investing strategies and in managing their assets.

Mr. Marcellus has been in demand as a panelist, moderator, writer, and speaker on topics which include trading strategies and the outlook for the global commodities markets, foreign exchange and global currency trading, global markets, financial regulation, and “disaster and recovery” protocols for financial institutions.  He is a regular presenter at industry conferences and events like, The Euromoney Conference, Marhedge (Institutional Investor), the Futures Industry Association, The Montreal Exchange, Financial Markets Association Foreign Exchange Conference, The Forex Network, FX Trading and Management conference and The Managed Funds Association (MFA) to name a few.

Mr. Marcellus is also a regular invitee to address private hedge fund events and briefings for, the clients of and the management of, leading Wall Street investment houses and international banks. 

Mr. Marcellus’ writings on U.S. fiscal policy, commodities, financial regulation, and energy policy have been published as letters to the editor in various newspapers and in Commonwealth Conversations (Virginia) where he is a guest columnist on the free markets. His writings are also found in the Managed Funds Association Reporter on “Disaster Recovery and Business Continuity:  A CTA’s Case Study” and, on back office outsourcing issues for hedge funds in Hedge Fund World. 

Mr. Marcellus has privately advised both national and state legislators regarding issues concerning energy independence, the global outlook for commodities, and financial markets regulation. Mr. Marcellus has recently served with incoming Virginia Governor Bob McDonnell’s transition team as an economic advisor.

Robert Sottile

Senior Vice President,
Risk and Research

Mr. Sottile joined Richmond Group in Dec of 2005 after graduating with a BA in Mathematics from the University of Virginia.  After completing the Series 3 certification, Mr. Sottile became the Operations and Risk Manager.  Mr. Sottile manages all aspects of Richmond Group’s backoffice guaranteeing that all trades are executed correctly and every report meets all industry standards for accuracy and reporting.  As well as managing Operations and Risk, Mr. Sottile developed the programs utilized for trade reconciliation and reporting.  Mr Sottile also manages Richmond Group’s research think tank focusing on both fundamental and systematic strategies.  

Dr. Steve Hanke

Chairman and Board Member

Steve H. Hanke, Chairman and Board Member of Richmond Group Fund Co. Ltd., is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics and the Study of Business Enterprise at The Johns Hopkins University in Baltimore; a Senior Fellow at the Cato Institute in Washington, D.C.; a Distinguished Professor at the Universitas Pelita Harapan in Jakarta, Indonesia; A Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing,; a member of the National Bank of Kuwait's International Advisory Board (chaired by Sir John Major); a member of the Financial Advisory Council of the United Arab Emirates; a columnist at Forbes magazine; and a contributing editor for Forbes Global magazine.

Dr. Hanke advises governments on currency and regulatory reform, privatization, public finance, infrastructure finance and management and capital market development. He served as a Member of the Governor’s Council of Economic Advisers in Maryland during 1976-77; as a Senior Economist on President Reagan's Council of Economic Advisers in 1981-82; as a Senior Adviser to the Joint Economic Committee of the U.S. Congress in 1984-86; as a State Counselor to the Republic of Lithuania in 1994-1996 and to the Republic of Montenegro in 1999-2003; and as an Advisor to the Presidents of Bulgaria in 1997-2002, Venezuela in 1995-96 and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania and Montenegro. He has also advised the governments of many other countries, including Albania, Kazakhstan and Yugoslavia.

Dr. Hanke is a member of the Steering Committee of The G-7 Council in Washington, D.C., a Distinguished Associate of the International Atlantic Economic Society, a recipient of the degree Doctor of Arts Honoris Causa from the Universidad San Francisco de Quito, a recipient of the degree Doctorate of Economics Honoris Causa from the Free University of Tbilisi, and a Professor Asociado at the Universidad del Azuay in Cuenca, Ecuador.

In 1998, he was named one of the twenty-five most influential people in the world by World Trade Magazine.

Dr. Hanke is a well-known currency and commodity trader. He is Chairman Emeritus of the Friedberg Mercantile Group, Inc. in Toronto. During the 1990s, he served as President of Toronto Trust Argentina in Buenos Aires, the world's best-performing emerging market mutual fund in 1995. In those capacities, he was responsible for developing strategies for trading foreign exchange, commodities and a wide variety of securities. In 1995-97, he was a Member of the Board of Governors of the Philadelphia Stock Exchange.

In the past, Prof. Hanke taught economics at the Colorado School of Mines and the University of California at Berkeley. He has held other senior research positions at universities and research institutes in Austria, France, Israel, Kenya, Sweden and the U.S.A. In addition, he is a contributing editor for Central Banking and The International Economy and serves on the editorial boards of numerous scholarly journals. He is the author of many books and articles on economics and finance. These have been published in English, French, German, Spanish, Bulgarian, Estonian, Lithuanian, Serbo-Croatian, Turkish, Hebrew, Russian and Chinese.

Prof. Hanke's most recent book is Zimbabwe: Hyperinflation to Growth and A Blueprint for a Safe, Sound Georgian Lari.

Steve Hanke - Profile [PDF]

Scot T. Henry

Director of Trading and Operations

Mr. Scot Henry, CFA, brings a wealth of Wall Street experience to our team as the Director of Trading and Operations.  Scot is also a member of our Board of Directors.

After graduating from SUNY Binghamton in 1981 (Management), Mr. Henry followed his interests and an older brother into a career on Wall Street.  He began as a young college graduate by calculating performance results for Kidder Peabody as an interest rate arbitrage trader and by assisting their Corporate Finance division in creating hedges for their interest rate exposure.  He quickly realized that working in finance at a leading Wall Street firm of the time was the ideal career path for his talents and interests.  Mr. Henry was motivated to continue his education during his tenure at Kidder and earned his Masters Degree in Finance, Banking, and Investments at Hofstra University in 1985.

From 1982 to 1995 he ran the trade execution desk for Kidder in futures, commodities, and foreign exchange.  He built a book of clientele as well as managed the trading and execution needs of the many brokers and clients of the firm.  He rose through the ranks quickly and left the firm as a Vice President in 1995.

His passion about the global markets and how they work has led him to continuously study the art and science of technical analysis.  Before leaving the New York area, he completed the three year program to become a CFA Charter Holder and received his CFA in 1994.

In 1995, Mr. Henry accepted an offer to be a trader at Chesapeake Capital Corporation, trend-following, Commodity Trading Advisor/hedge fund in Virginia.  While there, he traded futures, options and swaps, as well as the over-the-counter currency and metals markets.  His focus was on minimizing the transaction costs and efficiently trading a diverse billion dollar portfolio for the firm’s institutional client base. 

Mr. Henry joined Richmond Group Fund Co. Ltd. in 2003.  At Richmond Group Fund Co. Ltd. his focus on the markets continues as he fills a valuable role as Director of Trading and Operations.  Mr. Henry continually desires to take the most out of the markets while respecting the market’s moves.  Mr. Henry is passionate about making money for Richmond Group Fund’s clients through disciplined trading and rigorous risk management, combined with ongoing research into trading models and technical analysis.