Graham Capital Management, L.P. is an alternative investment manager founded in 1994 by Kenneth G. Tropin. For 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 quantitative and discretionary macro managers, and the Firm is committed to the innovative evolution of its strategies, supported by an 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 clients include global institutions, endowments and foundations, family offices, sovereign wealth funds, investment management advisors, and qualified individual investors.