Graham Capital Management (or simply Graham) is an American investment management firm headquartered in Rowayton, Connecticut.

The firm has a focus on global macro and trend-following investing.

[2][3][7] In 1993, after Tropin parted ways with Henry, Paul Tudor Jones, a friend of Tropin encouraged him to start his own hedge fund and provided initial capital as a strategic investor.

Then the firm launched Proprietary Matrix, a portfolio which provides broad exposure to Graham's quantitative finance and discretionary trading strategies.

[2][3][7] In November 2007, Graham enhanced its risk management procedures and started holding daily risk management meetings which is still continued to this day.