(The Business Insider) A $14.4 billion macro hedge fund is having a tough year – but still raising money.
Graham Capital Management is in the red for 13 of 14 strategies listed in a July client letter reviewed by Business Insider, despite a better month in July for many of the funds. Graham, which is based in Rowayton, Connecticut in a Tudor-style mansion, runs discretionary and systematic macro strategies.
The firm’s flagship Tactical Trend strategy, a quantitative fund which manages about $5 billion, is down -2.3% after fees this year through July. Two of its other large funds, which separately manage several billion dollars each, are also in the red.