Graham Capital Management, L.P. (Rowayton)


Graham Capital Management, L.P. is a large advisory firm based in Rowayton. It manages $26.54 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Connecticut and Florida.

Graham Capital Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Graham Capital Management: assets under management

The assets under management (AUM) of Graham Capital Management, L.P. is $26.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1028% since the beginning of its operation, and $22.12 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.54 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.66 billion each.
Graham Capital Management has custody of $26.54 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Graham Capital Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kenneth G Tropin serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Kenneth G Tropin is pooled investment vehicles with 16 clients and $26.54 billion of assets under management. Among the 10 most similar advisory firms, Graham Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $26.54 billion for 24 clients. 54% of the firm’s clients are foreign persons or businesses.

Graham Capital Management also advises several private funds. Namely, twelve hedge funds and one liquidity fund. The minimum investment commitment required of non-related persons ranges from $0 to $318,000,000.

Careers at Graham Capital Management, L.P.

The company employs 190 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kenneth G Tropin has been acting as President since 1 Jul 2003. Pablo Enrique Calderini has served as the Chief Investment Officer since 1 Aug 2010 and Robert Emmett Murray is the Chief Executive Officer of Graham Capital Management, L.P. family office. Brian Kevin Douglas joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kenneth G Tropin Chairman 1 May 1994 75% - 100% 724960
L.P. Kgt Investment Partners Limited partner 1 Jun 1994 75% - 100% 06-1398336
Inc. Kgt General partner 1 Jun 1994 Other 06-1398335
Paul Sedlack Chief executive officer 1 Jun 1998 Other 3162860
Michael Steven Rulle President 1 Feb 2002 Other 2192885
Savvas Savvinidis Chief financial officer 1 Apr 2003 Other 5047709
Kenneth G Tropin Chairman 1 Jul 2003 Other 724960
Paul George Sedlack Chief operating officer and vice chairman 1 Jul 2003 Other 3162860
Robert Emmett Murray Chief executive officer 1 Jul 2003 Other 1324546
Timothy David Sperry Chief compliance officer 1 Aug 2004 Other 5053310
Isaac Nmn Finkle Chief legal officer 1 Mar 2007 Other 4063989
Jeff James Baisley Chief financial officer 1 Apr 2008 Other 4422415
Pablo Enrique Calderini Chief investment officer 1 Aug 2010 Other 2739110
Pablo Enrique Calderini President and chief investment officer 1 Jun 2012 Other 2739110
Brian Kevin Douglas Chief financial officer 1 Apr 2013 Other 6314504
Robert Emmett Murray Vice chairman 1 Mar 2019 Other 1324546
Brian Kevin Douglas Chief operating officer 1 Mar 2019 Other 6314504
James Anthony Medeiros Chief executive officer 1 Mar 2019 Other 2787630
George Michael Schrade Chief financial officer 1 Mar 2019 Other 7081272

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Kgt Capital Limited Partnership Limited partner 1 Jun 1994 75% - 100% 06-1399449
Kenneth G. Tropin Revocable Trust Limited partner 1 Jun 1994 25% - 50% 13-7003617
Kenneth G Tropin Trustee 1 Jun 1994 75% - 100% 724960
Kenneth G. Tropin Grantor Trust Limited partner 1 Jun 1994 50% - 75% xxx-xx-xxxx

Based in Rowayton

The principal office where Graham Capital Management, L.P. performs its advisory services is located at 40 Highland Avenue, Rowayton, CT 06853, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-899-3400 or by fax 203-899-3500. The normal business hours are 8am to 6pm on Monday - Friday. You can find more information about the New York firm at grahamgaif.com.