Key Takeaways
- • Incline Investment Management, a Nevada-based systematic manager, has grown combined firm assets to around $130m, up from $23m when Opalesque first profiled it in October 2022, according to Opalesque for New Managers.
- • The flagship Systematic Hybrid strategy has now passed a fourteen-year track record, and a third component, box spreads used to augment cash management, has been added to its two alpha engines.
- • CEO Ted Parkhill argues that the firm's small size is a structural advantage, chiefly because it can trade less liquid commodity markets at full size.
- • Parkhill points to 2024 and 2025 performance as solid, with less traded commodity markets a significant contributor.
Summary
Incline Investment Management, a Nevada-based firm, is positioning its size as a deliberate advantage in the managed futures space. When Opalesque first wrote about the firm in October 2022, it was running a two-engine systematic strategy with $23m in assets and a decade-long track record. According to Opalesque for New Managers, combined firm assets are now around $130m, and the track record of its flagship strategy, the Systematic Hybrid, has passed fourteen years.
The firm has also enhanced its two alpha engines with a third component: the introduction of box spreads to augment cash management. Opalesque's Matthias Knab frames the firm's approach as treating smallness not as a stage a manager passes through, but as a structural edge worth defending.
In an interview conducted in October 2026, CEO Ted Parkhill and CIO Todd Hurlbut outlined the firm's thesis. Parkhill said the firm remains relatively small compared with large players in the space, and that size gives it access to smaller commodity markets that it can trade at full size. He pointed to 2024 and 2025 as solid years of performance, with less traded commodity markets a significant contributor. The full interview text is available on Opalesque's site, and the source article was truncated in the portion available for this summary, so additional detail on performance figures and the rationale for the box spread addition is not included here.
The firm has also enhanced its two alpha engines with a third component: the introduction of box spreads to augment cash management. Opalesque's Matthias Knab frames the firm's approach as treating smallness not as a stage a manager passes through, but as a structural edge worth defending.
In an interview conducted in October 2026, CEO Ted Parkhill and CIO Todd Hurlbut outlined the firm's thesis. Parkhill said the firm remains relatively small compared with large players in the space, and that size gives it access to smaller commodity markets that it can trade at full size. He pointed to 2024 and 2025 as solid years of performance, with less traded commodity markets a significant contributor. The full interview text is available on Opalesque's site, and the source article was truncated in the portion available for this summary, so additional detail on performance figures and the rationale for the box spread addition is not included here.
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