It seems to me Crabel has evolved from a performance seeker into the consummate asset gatherer. I'm sure he isnt thrilled to see the Fed raising rates. After all, when risk free rates of return were hovering near zero, his small single digit returns were even attractive. Those days are ending. However, I am sure the asset allocators will still steer money to him. After all, he is an easy sell, no leverage, no drawdowns and hardly any returns to speak of.