About Crestmore Research
Independent market intelligence for institutional decision-makers. No banking conflicts. No trading desk. No hidden agendas. Just rigorous research.
Our Mission: Independence in Research
Institutional investors face a critical problem: the most accessible commodity and emerging market research comes from organizations with conflicted interests. Banks publish research to support their trading desks. Advisory firms publish to justify their recommendations. Trading firms publish to move markets. Independent research has become rare.
Crestmore Research was founded to solve this problem. We publish research because we believe institutional decision-makers deserve access to analysis unconstrained by conflicts of interest. We take no proprietary positions. We execute no trades. We manage no money. We provide no M&A advisory. Our only incentive is research accuracy.
This independence structures everything we do. We maintain editorial firewalls between research and client relationships. We publish our forecast accuracy annually—including the calls we got wrong. We disclose our methodology, our data sources, and our confidence intervals. We believe transparency builds trust more effectively than marketing.
Eighteen years into this mission, Crestmore has become the leading independent research voice in commodity markets and emerging market risk. Our institutional client base spans hedge funds, asset managers, corporate treasuries, and development finance institutions across 30 countries. Our research agenda is set by fundamental questions, not client pressure or trading opportunity.
Our History
Our Core Values
Independence
We maintain absolute independence from banking, trading, and advisory relationships. Our research serves one constituency: our clients. We publish findings whether they support bull or bear cases, and we take no proprietary positions that could bias our analysis.
This independence is structural. We do not execute trades on our research. We do not manage money. We provide no M&A advisory. We are not affiliated with investment banks or trading desks. Our incentive structure is aligned solely with research accuracy and client trust.
Rigour
Primary research drives all Crestmore analysis. We conduct 200+ analyst interviews annually, visit mines and ports, and build proprietary supply-demand models. Our methodology is transparent, peer-reviewed internally, and stress-tested across multiple scenarios.
We employ econometric modeling, scenario analysis, and sensitivity testing on all major forecasts. Our commodity price models incorporate fundamental supply-demand dynamics, policy variables, and behavioral factors. We maintain detailed audit trails for every published forecast.
Transparency
Our methodology is published in every report. We disclose data sources, model assumptions, and confidence intervals. We publish our misses as well as our hits—annual accuracy reviews showcase both forecasts that proved prescient and those that missed.
We maintain a public archive of accuracy reviews dating back to 2015. We disclose conflicts of interest and limitations of our analysis. We believe institutional clients deserve to understand exactly how and why we reach our conclusions.
Accountability
We publish our forecast accuracy annually. Our 2025 accuracy review showed 78% directional accuracy on commodity price forecasts and 85% accuracy on emerging market risk assessments. We detail what we got right, what surprised us, and how we adjusted our models.
This accountability extends to editorial independence. We maintain a firewall between research and client relations. Our editors review all research for quality and independence. We decline projects where objectivity would be compromised. Our reputation is our only capital.
Global Offices
New York, NY 10167
London, EC2V 7BB, United Kingdom
Singapore 018989
Research Ethics & Standards
Editorial Independence
Crestmore maintains strict editorial independence standards. Our research agenda is determined by analytical merit, not client preference or revenue opportunity. We maintain a firewall between research production and client relationships. Our editors review all research for analytical rigor and editorial independence before publication.
Data Privacy & Security
We collect minimal client data and protect it with enterprise-grade security standards. Our research portal uses industry-standard encryption and access controls. We do not sell, share, or monetize client data. We do not track client research consumption for targeting purposes.
Conflict of Interest Management
Every analyst completes annual conflict of interest disclosures. We maintain a restricted list preventing analysts from publishing on topics where they have financial interests. We disclose any material relationships with research subjects before publication.
Research Accuracy & Accountability
We publish annual forecast accuracy reviews detailing directional accuracy on commodity prices, confidence interval performance, and qualitative risk assessments. These reviews are shared with all clients and published on our website. We document methodology changes, model updates, and lessons learned.
Join the Team
Lead primary research on battery material supply chains, critical minerals markets, and net-zero transition implications. Build proprietary supply-demand models. Manage client relationships. 5+ years commodity research experience required.
Develop coverage of SSA mining, agricultural commodities, and macroeconomic risk. Conduct primary interviews with government, corporate, and community sources. Support institutional client relationships. 2+ years emerging market research experience.
Build econometric models, supply-demand forecasts, and scenario analysis tools. Develop internal research infrastructure and analytical databases. Support analyst teams across all regions. Strong Python/SQL skills required.
Interested in joining Crestmore? Send your CV and a brief note about your research interests to careers@crestmoreresearch.com
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Whether you're interested in our research services, want to discuss a project, or have questions about our work, we'd love to hear from you.