Saturday, 30 May 2015
Last updated 22 hours ago
Jan 18 2012 | 10:42am ET
Graham Capital Management is growing in London.
The Connecticut hedge fund plans to increase its headcount in the British capital from 15 to 25 by the end of the year, HFMWeek reports. Graham is increasing its emphasis on, and staffing of, its discretionary management business; currently, the $7.3 billion firm's London employees are evenly divided between discretionary macro and quantitative strategies.
"We have been building our discretionary management business for a long time now and having a bigger London presence allows us to recruit traders who wouldn't have been able to move to work with us in Connecticut," founder Ken Tropin told HFM. "I was initially dubious about moving to London but now it is clear how much talent is available, we have decided to upsize."
To accommodate the growth, Graham is moving its London base to new quarters on Baker Street, offices currently being vacated by CapeView Capital, the former Trafalgar Asset Managers. The new office can house up to 45 employees.
May 27 2015 | 2:15pm ET
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