Kenneth Tropin

Kenneth Tropin studied economics and finance and built his early career at Dean Witter, where he became head of commodity trading. He later served as CEO of JWM Associates, the fund started by John Meriwether after leaving Salomon Brothers. In 1994 he founded Graham Capital Management (named for the street in Rowayton, Connecticut where he lives, not for Benjamin Graham). Graham Capital distinguished itself by combining systematic quantitative strategies — including trend-following CTA programs — with discretionary global macro investing, creating a diversified platform that spans multiple strategy types. The systematic side applies quantitative models to global futures markets, while the discretionary side uses fundamental macroeconomic analysis to make directional bets across currencies, rates, commodities, and equity indices. Graham Capital has grown to manage approximately $18 billion and is recognised as one of the more versatile and sophisticated macro platforms in the hedge fund industry. Tropin has built a reputation for combining research rigor with practical trading expertise, and Graham Capital's blend of systematic and discretionary approaches reflects his belief that the two methods are complementary rather than competing. The firm employs a large research team and invests heavily in technology for trade execution and portfolio management.