$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…