David Martin

Founder & Chief Investment Officer

David Martin is MFM’s Chief Investment Officer and is responsible for all trading decisions and portfolio management.

David founded New York-based MFM in 2013 after a multi-decade derivatives trading career as a proprietary trader and market maker at the New York Board of Trade and the New York Mercantile Exchange.

David has traded across futures markets, with a focus on macro-directional options strategies based on probabilistic, statistical, and fundamental inputs, which are expressed through proprietary trade structures designed to limit tail-risk.

David’s central investment thesis is that the price behavior of commodity markets is distorted by two factors: the cognitive biases of humans, and trading algorithms that emulate human thought.

Because of this, price behavior may not function as fundamentals would normally suggest. David believes that increasing open interest, big data, and more participants all equate to greater future opportunities.

From this perspective, David believes that MFM has a significant edge in a “post-fundamental paradigm” using option structures to create unique and asymmetric risk-reward profiles.

David further maintains that current price distortions, market dislocations, and increased volatility all equate to opportunity, and not obstacles.

Over his career, decision science, game theory, options theory, and fundamental analysis have all played a role in David’s thesis development.

David started his career at Cooper Neff & Associates, an elite quantitative derivatives trading firm, where David traded the firm’s proprietary capital.

David holds a B.S. in Economics from The Wharton School of the University of Pennsylvania where he majored in Decision Sciences and Information Technology.

The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable in light of your financial condition.


Lucas Schreiber

Senior Research Analyst

Lucas is MFM’s Senior Research Analyst and is responsible for research activities and portfolio monitoring.

Prior to employment at Martin Fund Management, Lucas worked as an Economics Research Assistant at the Hudson Institute in Washington, D.C. where he conducted in-depth research on Chinese capital markets. Lucas has previously worked as a Research Assistant at the University of Chicago Booth School of Business.

Lucas holds a B.A. in Public Policy from the University of Chicago where he specialized in Finance and Investments.

Thank you to our 2022 Summer Analyst Class


Front row:  Gauri Kant;  Samaya Patel

Second row: Riley Edsall;  Alejandro Parraguez Tala;  Ethan King