AI, Equity Concentration, and Fed Uncertainty

Ken Tropin is a legend in the macro space. He is the Chairman and the founder of Graham Capital Management (GCM) - $20bn fund. Ken founded GCM in 1994 and has grown the firm into an industry leading alternative investment manager focusing on global macro discretionary and quantitative hedge fund strategies. Prior to founding GCM, Ken had significant experience in the alternative investment industry, including five years (1989 to 1993) as President and Chief Executive Officer of John W. Henry & Company, Inc. and seven years (1982 to 1989) as Senior Vice President and Director of Managed Futures at Dean Witter Reynolds. In this podcast we discuss:

• Investment philosophy

• Differentiation from multi-strat funds

• Talent recruitment strategy; NY office

• Fed outlook

• Term premium as underpriced

• US deficit concerns and duration risk in long-end rates

• AI and technology

• Global central bank divergence

• Inflation pressures

• Private credit

• Dollar view

• Geopolitical risks

• Robin Hood Foundation