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Celebrating 30 Years

With gratitude for our clients, team, and business partners, we reflect on three decades of innovation in discretionary and quantitative macro trading.

A Message from our Founder and Chairman

Kenneth Tropin, Graham’s Founder and Chairman, reflects on Graham’s 30th anniversary and shares his outlook for the future.

Read the Full Letter (login required)

Milestones Over the Years

1994

The firm is founded by Kenneth G. Tropin. We commence trading with $30 million of proprietary capital in our flagship quantitative program.

1998

Began recruiting discretionary portfolio managers.

2004-2005

Launched multi-portfolio manager discretionary macro funds.

2007

Established a Risk Committee, which meets daily.

2010

Began trading UCITS-compliant funds.

2011

Opened our London office.

2012

Registered with the SEC.

2013

Began sub-advising ‘40 Act Mutual Funds.

2016

Opened an office in Florida and created our Employee Advisory Committee, which focuses on firm culture initiatives.

2017

Formed the Women’s Network of Graham.

2019

Became a SBAI signatory.

2020

Became a PRI signatory

2024

The firm marks 30 years of pioneering innovation in alternative investments.

1994

The firm is founded by Kenneth G. Tropin. We commence trading with $30 million of proprietary capital in our flagship quantitative program.

1998

Began recruiting discretionary portfolio managers.

2004-2005

Launched multi-portfolio manager discretionary macro funds.

2007

Established a Risk Committee, which meets daily.

2010

Began trading UCITS-compliant funds.

2011

Opened our London office.

2012

Registered with the SEC.

2013

Began sub-advising ‘40 Act Mutual Funds.

2016

Opened an office in Florida and created our Employee Advisory Committee, which focuses on firm culture initiatives.

2017

Formed the Women’s Network of Graham.

2019

Became a SBAI signatory.

2020

Became a PRI signatory

2024

The firm marks 30 years of pioneering innovation in alternative investments.

Executive Committee Views

Our Executive Committee members reflect on Graham’s 30-year journey and share their insights on our future.

Ken Tropin

Ken Tropin, Chairman and Founder
“I would like to thank all of our amazing clients for your confidence in Graham. I also want to thank our extraordinary team at Graham for all that they do every day to help the firm succeed. My philosophy is that Graham should be managed like an institution, and our conservatism, transparency, and ethics are the foundation for long term success.”
Pablo Calderini

Pablo Calderini, President and CIO
“I am grateful to be part of a company that has demonstrated resilience through 30 years of ever-changing market regimes. As uncertainty becomes the new norm, we strive to bring this same resilience to our clients’ portfolios, safeguarding their assets while ensuring they are well-positioned to seize emerging opportunities amidst a constantly evolving macro backdrop.”
Brian Douglas

Brian Douglas, Chief Executive Officer
“For three decades, Graham has worked with our investors to achieve their portfolio objectives, always remaining focused on our fiduciary responsibilities. At the core of our 30 years of success lie our people. Ensuring we have a culture that fosters professional growth and development is of the utmost importance. We strive to create an environment where every member of our team can be the best professional version of themselves. We plan to continue building on these strengths for the next 30 years and beyond.”
Kelly Tropin Whitridge

Kelly Tropin Whitridge, Chief Economist
“When I think about the factors that enabled Graham’s success over the past thirty years, I believe the two of the most important are the firm’s commitment to its people and an unrelenting desire to keep innovating and evolving. The markets constantly create new challenges and opportunities, and I believe an ongoing intellectual curiosity and a commitment to improving our processes every day, in ways big and small, has enabled Graham to succeed over the long-term.”
Jennifer Ancker Whelen

Jennifer Ancker Whelen, Chief Client Officer
“One of the most fulfilling aspects of our work is developing strategies that deliver real returns and conditional correlation benefits. Investors face challenges such as volatility, market risk concentration, and the need to balance liquidity and duration. Our lack of correlation with traditional assets enables investors to mitigate downside risks during prolonged market stress periods. The positive impact we have on end stakeholders—individual retirees, foundations, university endowments, medical research programs, and many others—inspires my work every day at Graham.”
Brad Williams

Brad Williams, Chief Business Officer
“Over the past 30 years, we have learned that success requires a blend of focus and agility. From the very beginning, we have focused on our core competencies in alpha generation, risk management, and client service. Yet, we also recognize that change is a constant; in the face of change, agility is a virtue. Our ability to navigate every major market event since 1994 is a testament to our capacity to adapt—and often thrive—in the face of adversity.”

Notes from Team Graham

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More about Graham and Our Vision for the Future

News and Insights Through the Years

Thank You

We extend heartfelt thanks to our clients for their trust, and to our team and business partners for their support. Here’s to the next 30 years of innovation and pioneering in alternative investments.

© 2024. All rights reserved

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