Media | 2 min read

Graham Featured on CBS News Innovation and Disruption Leaders Docuseries

Pioneering the Future of Alternative Investing

Alpha grounded in human insight & advanced quant methodology.

The investment landscape is highly dynamic. Recent years have borne witness to a remarkable evolution, fueled by shifts in the macroeconomic environment, advancements in technology and data, and the evolution of investor objectives. This transformation has sparked a reevaluation of conventional approaches to portfolio allocation.

The traditional reliance on long-only investments in stocks and bonds, once considered the bedrock of portfolio construction, has yielded to a recognition of the imperative for diversification and risk mitigation. As investors navigate ever-shifting market dynamics, the pursuit of alpha—returns which surpass their respective benchmarks—takes center stage.

The pursuit of alpha is a core focus at Graham Capital Management (Graham), one of the longest-running macro and trend-following global alternative investment managers. For three decades, Graham has specialized in providing compelling quantitative and discretionary alpha opportunities that seek low correlation to traditional investments across a variety of market environments.

Graham’s investment platform combines advanced quantitative alpha signals – including methodologies such as machine learning and natural language processing – with the experienced decision making of discretionary portfolio managers. Unlike passive replication strategies, Graham’s proprietary strategies are not easily copied and are in a stage of constant evolution, responding dynamically to the evolution of market behavior. 

Ken Tropin, Graham’s Founder and Chairman, believes that global macro strategies provide a key opportunity for investors to achieve significant alpha, irrespective of the prevailing market cycle.

“As a macro manager, we seek to provide innovative solutions that stand apart from more traditional stock and bond investments, and we have designed strategies that are able to deliver compelling returns irrespective of the current market phase. We continuously evolve our strategies by capitalizing on the unique and symbiotic relationship between our quantitative and discretionary trading divisions. This synergy has allowed us to develop complementary alpha strategies, all of which are centered around the core principles of diversification by design, thoughtful portfolio construction, and proactive risk management. By doing so, we ensure that our clients not only navigate changing market environments but thrive within them.”

Ken Tropin, Graham’s Founder and Chairman

“With interest rate and geopolitical uncertainty, inflation, and the potential for positive stock/bond correlation undermining the potential diversification benefits offered by bonds, market behavior is more uncertain than ever. Graham’s ability to leverage both quantitative and discretionary strategies can help investors navigate these shifting market dynamics.” 

Pablo Calderini, Graham’s President and CIO

Ultimately, Graham Capital Management is dedicated to helping its clients meet their unique portfolio objectives and has developed long-standing relationships with global institutions and private wealth partners.

The complexity of the current investment landscape underscores the importance of a properly diversified portfolio as well as the need for managers that can trade tactically and remain agile in dynamic market environments. The unique synergies between Graham’s quantitative and discretionary businesses allow the firm to evolve its strategies while managing risk on a multi-dimensional scale and navigate ever changing market conditions. 

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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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