Tom Claugus

President at GMT Capital

Tom Claugus is a prominent figure in the investment management industry, best known as the founder and President of GMT Capital. Here's a comprehensive overview of his background and achievements:

Professional Career

Thomas Eugene Claugus founded GMT Capital Corp. in 1993 and has since served as its President and CEO.1 3 The firm, headquartered in Atlanta, Georgia, specializes in long and short-term equity investment management services.1

Investment Approach

GMT Capital, under Claugus's leadership, employs a unique investment strategy:

The firm allocates assets across all markets and sectors, engaging in both long and short positions.1 4
Claugus's approach begins with identifying extremes in statistical valuation to spot potentially mispriced sectors and markets.2
He combines this reversion-to-the-mean strategy with a focus on "free options" - stocks priced reasonably but with significant future revenue and earnings potential that the market may not fully appreciate.2

Track Record

Claugus has established an impressive track record in investment management:

GMT Capital's Bay Resource Partners fund has annualized over 16% net of fees over a 21-year period.2
As of March 2024, the firm managed discretionary assets totaling $5,528,073,213.1
The fund's portfolio of 13F securities was valued at $2,539,987,012 in Q1 2024.1

Additional Roles

Beyond his primary role at GMT Capital, Claugus holds several other positions:

CEO & Manager at GMT Exploration Co. LLC in Texas
Chairman & CEO at GMT Exploration Co. LLC
Non-Executive Chairman at Strategic Oil & Gas Ltd. (since 2011)
Partner at GMT Capital Research LLP (since 2012)1

Educational Background

Claugus has a strong educational foundation:

Undergraduate degree from The Ohio State University (1973)
MBA from Harvard Business School (1977)1

Career Transition

Interestingly, Claugus's journey to investment management was not straightforward:

He spent 17 years as an executive at Rohm and Haas, initially aspiring to become CEO.2
His transition to finance occurred when he realized he was earning more from personal investments than from his salary.2

Tom Claugus's LinkedIn profile confirms his role as President at GMT Capital, based in Atlanta, Georgia.3