$14B Hedge Fund Struggling To Find Investments In Low Vol Market

Quiet market environments can be challenging for certain alternative investment strategies, particularly those of a quantitative nature. Just ask Graham Capital Management founder Kenneth Tropin, who manages more than $14 billion in a variety of quantitative and discretionary strategies. In a July letter to investors reviewed by ValueWalk, 13 of the hedge fund’s 14 strategy types are negative performers year to date, with the Graham Quant Macro Series A being the only winner. On a monthly basis, however, most of the strategies found success in July, particularly those that mixed discretionary and quantitative style sets. Tropin, however, thinks markets could change direction as geopolitical and central bank maneuvers could surface.

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