Kenneth G. Tropin
Chairman and Founder
VIEW BIO
Year Founded
Years of Experience
Number of Personnel
Total Firm AUM
Quantitative AUM
Discretionary AUM
Past performance is not necessarily indicative of future results. The potential for profit is accompanied by the risk of loss.
Quantitative strategies include trend-following and quantitative macro strategies which utilize multiple proprietary trading signals to capture alpha.
Sophisticated risk management techniques are used to optimize portfolio construction and enhance returns.
The firm’s approach to quantitative research is process driven and is based on a rigorous application of the scientific method.
GCM utilizes advanced infrastructure and focuses on high performance computing and big data to generate research in areas including machine learning, signal processing, and deep learning.
Investment vehicles offered include private investment funds, managed accounts, sub-advised mutual funds and UCITS vehicles.
GCM employs a multi-portfolio manager approach to discretionary trading, allocating to a diverse roster of internal portfolio managers trading across liquid global markets.
Notably, the firm does not impose a “house view” and allows its portfolio managers to establish their own views within their trading mandate and the firm’s disciplined risk management infrastructure.
These portfolios are generally macro-oriented, following numerous markets at any given time, or sector specific, capitalizing on opportunities within a single sector.
The largest allocations have generally been stable over time; core strategy allocations have a weighted average tenure at GCM of more than seven years.
Graham’s portfolio managers tend to trade tactically, often taking more concentrated risk on high conviction opportunities and reducing risk during challenging performance periods or times of low market directionality.
Past performance is not necessarily indicative of future results. The potential for profit is accompanied by the risk of loss.
The firm’s Investment Committee is responsible for the oversight of the firm’s portfolios and manages a thorough process for vetting discretionary and quantitative investment strategies. Investment Committee members manage and oversee the various departments within the firm. The Investment Committee meets formally each month to determine portfolio allocations and meets throughout each month as necessary to discuss ongoing issues that may arise.
The members of the Investment Committee are also members of the firm’s Risk Committee, which meets daily to review position-level information and related risks for each of the firm’s strategies within the context of prevailing market conditions. The daily Risk Committee process is designed to inform members of the firm’s senior management team of the various risks to which the firm is exposed and, if appropriate, the Risk Committee will effect a reduction in risk within a particular strategy, or across a specific portfolio of strategies.
In addition to maintaining a compliance department staffed by members of GCM’s legal department, GCM utilizes a Compliance Committee with overall responsibility for monitoring compliance with the policies and procedures detailed in the firm’s Compliance Manual and Code of Ethics as well as other matters that it believes are within its oversight. The firm’s Compliance Committee, made up of senior representatives from Trading Services, Legal and GCM’s management team, meets on a monthly basis to review all compliance-related issues that require firm-wide cooperation, including trading efficiency and best execution. The members of this committee are also members of GCM’s Valuation Committee, which is responsible for reviewing any deviations from GCM’s valuation and pricing policies.
GCM has more than two decades of quantitative and discretionary trading experience. Core investment capabilities span discretionary macro, quantitative macro, and systematic trend-following. The firm also has more than 25 years of experience in partnering with clients to implement customized investment solutions that meet specific portfolio objectives. GCM offers several quantitative and discretionary investment portfolios, including private investment funds, managed accounts, sub-advised mutual funds and UCITS with a variety of return and volatility targets. Strategies are designed to generate absolute returns with low correlation to traditional assets.
