Graham Capital Management is an alternative investment firm founded in 1994 and headquartered in Rowayton, Connecticut, with offices in New York City, West Palm Beach, and London. The firm manages approximately $20 billion in assets for institutional clients including global pensions, sovereign wealth funds, endowments, and foundations, alongside qualified individual investors.
The firm operates two complementary business lines: quantitative macro strategies employing systematic models and trend-following approaches, and discretionary macro strategies managed by portfolio managers to provide additional alpha sources. This dual structure reflects Graham's positioning as one of the industry's longest-standing global macro and trend-following managers, with over 30 years of investment experience.
Graham maintains a rigorous approach to risk management, conducting daily Risk Committee meetings and implementing real-time monitoring across all portfolios, component strategies, and individual positions. The firm invests significant proprietary capital alongside client assets, aligning incentives across its offerings. Portfolio construction emphasises diversification and active risk management designed to deliver uncorrelated returns across varying market environments.
