Earl Spencer

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Earl Spencer
Occupation Managing Director, Treasury Arbitrage Chicago
Employer HTG Capital Partners
Location Chicago, Illinois
Website www.htgcap.com

Earl Spencer is the managing director of Treasury Arbitrage at HTG Capital Partners in Chicago, Illinois.[1] He joined the company in 1994.


Earl Spencer has more than 35 years of experience in US Government Securities, futures, and options and more than 25 years of experience in risk and trading management. He has been instrumental in developing the firm's proprietary trading unit.

His career began at Continental Illinois National Bank in 1974. In 1981, he became Trading Manager of one of the largest primary dealers in US Government and Agency Securities. In 1984, he moved to First National Bank of Chicago to assist in the rebuilding of their trading business. In 1988, Earl put his talents to work as both a proprietary and independent trader of treasury securities and futures.

Today, Spencer heads the US Treasury Arbitrage trading unit for HTG. He develops and manages traders around the United States, including HTG’s branch offices in Chicago, New York (NY) and Garden City (NY). He is also responsible for global strategic planning in the Treasury Arbitrage group. [2]


Earl is a graduate of Indiana University and has lectured in the Public Finance Program at the University of Michigan. [3]


  1. Earl Spencer Bio. HTG Capital Partners.
  2. Earl Spencer Bio. HTG Capital Partners.
  3. Earl Spencer Bio. HTG Capital Partners.