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Graham Capital Management

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Graham Capital Management, L.P.
Company typePrivate
IndustryInvestment management
FoundedJuly 1994; 30 years ago (1994-07)
FounderKenneth Tropin
HeadquartersRowayton, Connecticut
ProductsHedge funds
Alternative investments
Global macro
Trend following
AUMUS$17.7 billion (April 1, 2023)
Number of employees
190+ (April 1, 2023)
Websitegrahamcapital.com
Footnotes / references
[1][2]

Graham Capital Management (or simply Graham) is an American investment management firm headquartered in Rowayton, Connecticut. The firm has a focus on global macro and trend-following investing. It has additional offices in Florida and London.

History

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GCM was founded in July 1994 by Kenneth Tropin.[2][3][4][5][6][7][8] Prior to this, Tropin was president and CEO of John W. Henry & Company, a commodities trading firm established by John W. Henry.[2][3][7] In 1993, after Tropin parted ways with Henry, Paul Tudor Jones, a friend of Tropin encouraged him to start his own hedge fund and provided initial capital as a strategic investor.[2][3] The early strategies were Systematic trend following.[2][3][5]

In 1998, the firm began recruiting discretionary portfolio managers to diversify the firm's trading strategies. Then the firm launched Proprietary Matrix, a portfolio which provides broad exposure to Graham's quantitative finance and discretionary trading strategies.[2][3][7]

In November 2007, Graham enhanced its risk management procedures and started holding daily risk management meetings which is still continued to this day.[2][4][5][7]

In 2014, Graham launched its Graham Quant Macro strategy to clients.[8]

References

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  1. ^ "Form ADV" (PDF). SEC.
  2. ^ a b c d e f g "Hedge Fund Due Diligence Report" (PDF). Office of the General Treasurer Data Portal. Cliffwater LLC.
  3. ^ a b c d e "Graham Capital posts double-digit gains in dismal 2022 by betting on hawkish Fed". Pensions & Investments. February 16, 2023. Retrieved February 21, 2023.
  4. ^ a b "Graham Capital Management". Institutional Investor. Retrieved February 21, 2023.
  5. ^ a b c Checkler, Joseph. "Hedge Fund Keeps Reins on Risk". WSJ. Retrieved February 21, 2023.
  6. ^ "Investment Firm Acquires Rowayton Building for $17.3M". GlobeSt. Retrieved February 21, 2023.
  7. ^ a b c d Arvedlund, Erin E. "On the Right Track". Barrons. Retrieved February 21, 2023.
  8. ^ a b "Quant hedge fund giant Graham Capital brings "novel sources of alpha" to Lombard Odier's alternatives platform". Hedgeweek. July 13, 2020. Retrieved February 21, 2023.
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