Professor Steve Hanke has been an active currency and commodity trader for seven decades — from hedging eggs on the Chicago Mercantile Exchange as a teenager to serving as President of Toronto Trust Argentina, the world's best-performing emerging market mutual fund in 1995.
Trading Career
Currency & Commodity Trading
- Hedging eggs at age 10
- Trading soybeans at 14
- The 1985 crude oil short (below $10/barrel, vindicated in 1986)
- Chairman Emeritus, Friedberg Mercantile Group, Toronto
- Hanke-Cofnas Gold Sentiment Report
Major Trades
- The 1985 oil forecast
- Toronto Trust Argentina (1995 — #1 emerging market fund globally)
- The Russian ruble prediction (Aug 1998)
- Commodity supercycle analysis.
Current Business Roles
Role | Organization |
Chairman Emeritus | Friedberg Mercantile Group Inc., Toronto |
Senior Advisor | AMG Critical Materials N.V., Amsterdam |