Cranwood Enterprises

About Cranwood Enterprises

Cranwood has operated since its organization in 2008, primarily as a sponsor of investment funds. It has been a member firm of the Chicago Board of Trade since that time. Cranwood was the sponsor of several interest rate-arbitrage funds from 2008-2017 in the United States and around the world, raising over $130,000,000 to trade Pete Powers' strategy in yield curve spreads. Since 2017, Cranwood has been a proprietary trading firm and has remained a member firm of the Chicago Board of Trade. From 2015-2019, Cranwood owned part of the GP of Alpha Lab Enhanced Income Fund LP, which was a hybrid vehicle investing in real estate loans on properties developed by Waterfront Group in North Carolina. Cranwood participated in the development of raw land as well as the ownership and sale of leased property, all in North Carolina. Pete Powers has been the chief executive officer of the various Cranwood companies. He was a floor trader at the Chicago Board of Trade in 1997 when he was one of the first exchange members to begin electronic trading during Project A, the CBOT's first foray into off-floor, off-hours electronic trading. In 2003, Pete founded Elite Trading Company, a proprietary trading firm where he mentored and trained several traders in the same spread techniques that he learned on the floor and that were now available electronically. Several have gone on to successful trading careers of their own. In 2008, Pete started Cranwood Capital Management, a hedge fund deploying his same spread trading methodology, which was now available to investors around the world. Cranwood and Pete were recognized as top-performing traders and managers by major industry publications several times. He has been a guest speaker/panelist at industry conferences in the US and Europe. Pete graduated from Coastal Carolina University in 1990 with a Bachelor of Science degree in Finance.

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