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Graham Core Macro (GAIF)

Overview

The Graham Alternative Investment Fund – Core Macro strategy (“Graham Core Macro”) is a macro-oriented, multi-strategy fund that provides broad exposure to Graham’s quantitative and discretionary trading strategies in a fund structured for accredited investors.  Graham Core Macro seeks to capitalize on the low correlations of the component strategies, which are differentiated across markets, sectors, time frame, and implementation. The strategy has the ability to go long and short a broad range of global markets, including fixed income, equity indices, currencies, and commodities, with the flexibility to benefit from both rising and falling markets. Graham Core Macro offers the potential to provide strong risk-adjusted returns in a variety of market environments with low correlation to traditional and other alternative investments.

Fund information

Fund Name
Graham Core Macro (GAIF)
Launch Date
August 1, 2006
Trading Style
Gobal Macro
Investment Manager
Graham Capital Management, L.P.
Strategy AUM
$65 million as of January 1, 2024

Investment manager

Graham Capital Management, L.P. (“Graham”) is an alternative investment manager founded in 1994 by Kenneth G. Tropin. For nearly three decades, Graham has specialized in providing compelling quantitative and discretionary alpha opportunities across a variety of market environments that seek low correlation to traditional investments. Graham is one of the longest-running macro managers, and the firm is committed to the innovative evolution of its strategies, supported by a well-established investment, technology, and operational infrastructure. By leveraging the unique synergies between the firm’s quantitative and discretionary trading businesses, Graham has developed a broad range of complementary alpha strategies with a focus on thoughtful portfolio construction, active risk management, and diversification by design. Significant proprietary capital is invested in many of Graham’s strategies, contributing to the alignment of interest between the firm and its clients.

Graham’s legal, operational, trading, and risk management infrastructure are central to the firm’s offerings.

Various investment and operational risks are monitored on a real-time basis by the Risk Management, Trading Services, and Quantitative Strategies Teams.

The firm’s committee structure helps ensure proactive investment, operational, and business risk management, as well as compliance with applicable rules and limits.

How to invest

Accredited investors, RIAs, and financial advisors interested in accessing this strategy are encouraged to reach out to their financial advisors or contact Graham’s dedicated Private Client Group for more information on where the fund is available.

Graham has a team dedicated exclusively to supporting our private wealth clients. To learn more about Graham Core Macro and what investing in this strategy would entail, reach out to our Private Client Group.

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The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.

In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the commodity trading advisor (“CTA”). The regulations of the commodity futures trading commission (“CFTC”) require that prospective clients of a CTA receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. Therefore, eligible investors should carefully study the disclosure document to determine whether such trading is appropriate for you in light of your financial condition. Eligible investors are encouraged to access the disclosure document by contacting Graham, which will be provided  at no additional cost. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document. Other disclosure statements are required to be provided to you before a commodity account may be opened for you.  By accepting the terms of this statement and entering the site you are confirming your understanding of this statement.

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The past performance of any investment, investment strategy or investment style is not indicative of future performance.

Although the site may include investment-related information, nothing on the site should be considered a recommendation for the purchase or sale of any security or other investment, or the pursuit of any investment style or strategy. We do not give any advice or make any representations through the site as to whether any investment is suitable to your clients or will be profitable.

If you have been provided with a password to access the site, you are solely responsible for maintaining the confidentiality and security of your password. You may not disclose your password to any third party. You accept full responsibility for any use of your password. You must notify GCM immediately of any actual or suspected loss, theft or unauthorized use of your password.

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