CEO of @CAMMSCapital | Managed futures firm, CFTC registered, NFA member and backed by @Braiins | 30 years at Louis Dreyfus, InVivo, ETG

Joined March 2007
Photos and videos
Stéphane Bernhard retweeted
NEW: Bitcoin mining firm Braiins has acquired CFTC-registered commodity asset manager CAMMS Capital. The deal brings together 15 years of Bitcoin mining experience with decades of commodity risk management expertise. Braiins says Bitcoin, hashrate, and energy should be treated as digital commodities, with hedging and financial tools similar to those used in oil, gas, and grain markets. The company plans to build commodity-grade risk management tools tailored specifically for Bitcoin and energy markets.
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Stéphane Bernhard retweeted
Couldn't be prouder of this! Every commodity gets here eventually, the moment structured risk management catches up to the market. Now it's Bitcoin's turn. Couldn't ask for a better team to bring it. Welcome to Braiins.
May 12
ACQUISITION ANNOUNCEMENT🟢 Braiins just acquired @CAMMSCapital, a CFTC-registered commodity asset management firm. One of the first times a Bitcoin-native company has done this. CAMMS = COMMODITY SPECIALISTS • Initially built inside ETG, a global commodity conglomerate • 75 combined years of commodity expertise on the team • Ongoing ETG research partnership for proprietary market intelligence BITCOIN AS A COMMODITY 1️⃣ Bitcoin, hashrate & energy = digital commodities 2️⃣ Managing Bitcoin like a commodity = edge The financial tools built for oil, gas, and grain price risk were designed for exactly the kind of volatility Bitcoin exhibits. We haven't found them applied to Bitcoin the way we'd want. So we've decided to build them. BUILDING TOGETHER • Braiins brings 15 years of operational experience in Bitcoin mining • CAMMS brings decades of commodity risk management • Together: commodity-grade tools applied to Bitcoin and energy markets Bear markets are build markets. Meet our new partners⤵️
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Stéphane Bernhard retweeted
May 12
Braiins, one of the oldest Bitcoin mining companies in the industry, acquired CAMMS Capital, a CFTC-registered commodity asset management firm originally built inside ETG, a global commodity conglomerate. CAMMS brings over 75 years of combined commodity expertise. Braiins brings 15 years of operational experience in Bitcoin mining. The company says it plans to apply commodity risk management tools, the kind built for oil, gas, and grain, to Bitcoin and energy markets. Braiins describes Bitcoin, hashrate, and energy as digital commodities and says the financial infrastructure for managing them does not yet exist in the way it does for traditional commodities. This is one of the first acquisitions of a regulated commodity management firm by a Bitcoin-native company.
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Stéphane Bernhard retweeted
May 12
ACQUISITION ANNOUNCEMENT🟢 Braiins just acquired @CAMMSCapital, a CFTC-registered commodity asset management firm. One of the first times a Bitcoin-native company has done this. CAMMS = COMMODITY SPECIALISTS • Initially built inside ETG, a global commodity conglomerate • 75 combined years of commodity expertise on the team • Ongoing ETG research partnership for proprietary market intelligence BITCOIN AS A COMMODITY 1️⃣ Bitcoin, hashrate & energy = digital commodities 2️⃣ Managing Bitcoin like a commodity = edge The financial tools built for oil, gas, and grain price risk were designed for exactly the kind of volatility Bitcoin exhibits. We haven't found them applied to Bitcoin the way we'd want. So we've decided to build them. BUILDING TOGETHER • Braiins brings 15 years of operational experience in Bitcoin mining • CAMMS brings decades of commodity risk management • Together: commodity-grade tools applied to Bitcoin and energy markets Bear markets are build markets. Meet our new partners⤵️
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Stéphane Bernhard retweeted
CAMMS Capital is live. Backed by @Braiins. We spent five years trading commodities inside ETG. Now we're launching as an independent company, CFTC-registered and NFA member. Built inside ETG, a global commodity conglomerate with expertise across multiple industries, we developed and traded a multi-strategy commodity platform before spinning out. Our research partnership with ETG continues, giving us a direct window into supply chains, trade flows, and fundamental market drivers. Today, we're launching as CAMMS Capital, acquired by Braiins and rebranded from CAM Multi-Strat Asset Management LLC. We trade across agriculture, energy, metals, freight, and macro through three approaches: discretionary (driven by physical market intelligence and ETG research), hybrid (quantitative and fundamental, regime-adaptive), and systematic (fully rules-based). The founding team remains in place, incentives aligned: → @StephaneCAMMS, CEO. 32 years at Louis Dreyfus, InVivo, ETG. → Salim Boutaleb, CIO and Head of Quantitative Trading. 15 years in systematic commodity strategies. → Rafael Molinero, COO. 28 years in the hedge fund industry, Chicago Booth MBA. 75 years of combined commodity experience. Building diversified commodity exposure means sourcing multiple specialist traders and running a risk framework across them. We do that work, drawing on decades of relationships and market access, so one allocation gives you exposure across 30 commodity markets. Institutional infrastructure from day one. KPMG audit, Northern Trust custody, SS&C administration, StoneX and Marex as prime brokers. Commodity Intelligence, Amplified. Welcome to CAMMS Capital.
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Stéphane Bernhard retweeted
.@Braiins acquires CFTC registered commodity fund CAMMS Capital. Key details: ✅ Strategic bridge between digital and physical commodities ✅ Eli Nagar named Executive Chairman ✅ Multi strat focus on Energy, Metals, and Ags ✅ Institutional infrastructure for volatile markets Read our full report on this cross over acquisition: theenergymag.com/news/market… #Braiins #Commodities #BitcoinMining #DigitalInfrastructure bitcoin:native
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Stéphane Bernhard retweeted
We just wrapped up a 4-day workshop in Casablanca. Something HUGE is coming from Braiins. Stay tuned.
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Stéphane Bernhard retweeted
"If you want exposure to commodities, you have to invest in many different funds with their own volatility. It's complex..." - Stephane Bernhard (@TCS_Trader) breaks down how his firm solves this challenge on the latest episode of The Derivative with @AttainCap2 . #CommodityTrading rcmalternatives.com/2025/04/…
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After 5 years heading Invivo Trading, it is time to move on. I enjoyed being part of the great project for the French agriculture embodied by the outstanding group of people at Invivo. I will join ETG Commodities in october as Global Head Trader of exchange-traded commodities.
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Stéphane Bernhard retweeted
Commodity trading enters the age of digitisation. Interesting video interviews talking about Data Analytics and how technology can help traders take better decisions faster ft.com/content/8cc7f5d4-59ca… via @financialtimes @EmikoTerazono
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Stéphane Bernhard retweeted
.@InVivoGroup has signed an exclusive negociation agreement with Archer Daniels Midland (ADM) for the sale of @neovia_group. Its sale will enable the acceleration of the #2025byInVivo strategic plan while contributing to the creation of a world leader in animal nutrition.
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Our CFO talking about our Export Strategy on BFM TV - well done Lucie! Hors-Série Les Dossiers BFM Business : En route vers le BFM Award de la performance à l’export - 23/06 BFMBusiness bfmbusiness.bfmtv.com/mediap…

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Stéphane Bernhard retweeted
Ce soir @InVivoGroup est récompensé pour l'ensemble de son parcours dans le cadre des Grands Prix de la #croissance externe 🏆@CFNEWStweet #GPCFNEWS Félicitations a toutes les equipes ! #premiertweet #espritdequipe
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Stéphane Bernhard retweeted
Un grand bravo aux équipes @InVivoGroup et plein d enthousiasme en ce jour d annonce d alliance stratégique InVivo retail et Jardiland
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"Three Best Practices of Currently Successful Traders" traderfeed.blogspot.com/2017…

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Stéphane Bernhard retweeted
Grain trader Andersons rebuffs hostile $1bn bid: The US-based agribusiness terms "not credible" an approach f... bit.ly/1OJ6JLk

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Thank you !!
Right, but SP can move without the Yen weakening (march 21st is a good example..)
Looking to go long SP500 E-minis today...