---
title: 'Quantitative Research Analyst at Graham Capital Management, L.P.'
canonical: 'https://feeny.ai/job/quantitative-research-analyst-graham-capital-management-l-p-london-england-nn2tbf3kfqmw'
type: 'job'
last_seen: '2026-09-13'
---

# Quantitative Research Analyst at Graham Capital Management, L.P.

- **Company:** Graham Capital Management, L.P.
- **Location:** London England, United Kingdom / New York New York, United States / Norwalk Connecticut, United States / West Palm Beach Florida, United States
- **Posted:** 2022-08-26
- **Last confirmed live:** 2026-09-13
- **Apply:** https://boards.greenhouse.io/grahamcapitalmanagement/jobs/4058503005?gh_jid=4058503005

## Job description

Graham Capital Management, L.P. (collectively with its affiliates, "Graham") is an alternative investment manager founded in 1994 by Kenneth G. Tropin. Specializing in discretionary and quantitative macro strategies, Graham is dedicated to delivering strong, uncorrelated returns across a wide range of market environments. As one of the industry’s longest-standing global macro and trend-following managers, Graham remains committed to innovation, evolving its strategies through a robust investment, technology, and operational infrastructure. Graham harnesses the synergies between its discretionary and quantitative trading businesses to offer a broad suite of complementary alpha strategies, each built on the principles of thoughtful portfolio construction, active risk management, and diversification by design. Graham invests significant proprietary capital alongside its clients – including global institutions, endowments, foundations, family offices, sovereign wealth funds, investment management advisors, and qualified individual investors – reinforcing alignment of interests across all strategies.

The foundation of Graham’s sustainability and success is the experience and contributions of its people. The firm seeks to cultivate talent, encourage the diversity of ideas, and respect the contributions of all. In turn, each employee shares in the responsibility of strengthening those around them.

Description

Graham Capital Management, L.P. is seeking a Quantitative Research Analyst to join our Quantitative Strategies team, and report into a Quantitative Research Manager. The individual will research and develop ways to improve GCM’s current trading systems while creating new systematic trading signals to complement and diversify the firm’s main strategies. The individual will maximize performance and competitiveness by utilizing advanced methods in quantitative analysis, risk management and portfolio optimization.

## Responsibilities

- Research and develop methods to make existing trading signals more efficient, profitable and robust
- Research and develop new signals that complement and diversify production strategies in terms of style, source of alpha and markets traded
- Research and develop portfolio construction and optimization methods to maximize performance while controlling risk, drawdowns and trading cost
- Enhance the scalability and flexibility of portfolios to accommodate bespoke investment needs of clients
- Follow robust research and development procedures to reduce differences between simulated and actual performance
- Work collaboratively in a research team environment, using common development tools to facilitate robust implementation of research as well as production versions of trading systems
- Interact with other departments – technology, operations, trading, marketing, and accounting - to ensure current and proposed ideas are implemented, monitored and executed efficiently and accurately
- Regularly present findings and ideas to management and investment committee
- Complete other projects as requested by senior management

## Requirements

- PhD or MS in a quantitative field
- 2+ years related experience in systematic trading on the buy side, primarily targeting futures and FX, but also open to sovereign credit, options, and OTC markets. Knowledge in short-term/intraday systematic trading strategies is desired
- Advanced programming experience in languages suited for quantitative research and strategy implementation
- Ability to synthesize complex topics into easily digestible written commentary
- Strong communication skills – both written and verbal

This role requires commuting into one of our offices Mondays through Fridays. We have offices in Rowayton, CT, New York, NY, West Palm Beach, FL, and London, UK. Please note that our central Quantitative Research team sits out of Rowayton, CT.

Base Salary Range

The anticipated base salary range for this position is $200,000 to $275,000. The anticipated range is based on information as of the time this post was generated and does not include any discretionary bonus or benefits (see eligibility below). The applicable annual salary or hourly rate paid to a successful applicant will be determined based on multiple factors, including without limitation the nature and extent of prior experience, skills, and qualifications.  This wage range may be modified in the future.

In addition, the employee who fills this role will be eligible for a discretionary annual bonus, as well as a wide array of benefit programs, such as medical and life insurance, 401(K) plans, and access to other healthcare programs.

Notes:

No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, benefits, or any other form of compensation that a particular employee may be eligible for remains in the Company's sole discretion unless and until paid and may be modified at Graham’s sole discretion, consistent with the law.

Graham is committed to providing equal employment opportunity to all employees and applicants for employment without regard to their race, color, religious creed, gender, age, national origin, ancestry, alienage, citizenship status, handicap, disability, marital status, sexual orientation, gender identity, pregnancy, childbirth or other related conditions, military status, genetic information, or any other personal characteristics protected by applicable law. This policy applies to all terms and conditions of employment, including hiring, placement, promotion, layoff, termination, transfer, leave of absence and compensation.

## About Graham Capital Management, L.P.

## Company Overview
- **One-liner**: Graham Capital Management is a global alternative investment firm that manages macro trading strategies by combining quantitative and discretionary approaches to generate alpha for institutional and private wealth clients.
- **Entity Type**: Private (established hedge fund; funded by proprietary capital and reinvested profits; no external venture funding)
- **Headquarters**: Rowayton, Connecticut, USA (with offices in New York City, West Palm Beach, Florida, and London, UK)
- **Founded**: 1994
- **Founders**: Kenneth G. Tropin (Chairman and Founder)

## Core Business
- **Primary industry/industries**: Alternative asset management / Hedge funds / Macro trading
- **Target customers**: Institutional investors (pension funds, endowments, foundations) and private wealth partners (B2B, institutional)
- **Mission or purpose statement**: To help clients meet their unique portfolio objectives through thoughtful risk management, investment, and governance frameworks with a high level of transparency.

## Products & Services
- **Quantitative Macro Strategies**: Systematic, data-driven trading strategies that process large datasets to detect signals and patterns; managed by the firm’s quantitative research team.
- **Discretionary Macro Strategies**: Multi-portfolio manager discretionary macro funds where individual portfolio managers trade their views within a disciplined risk management framework.
- **UCITS-Compliant Funds**: Regulated investment vehicles for European investors.
- **‘40 Act Mutual Funds**: Sub-advised mutual funds for US retail and institutional investors.
- **Risk Management Services**: A robust framework including daily Risk Committee meetings, real-time monitoring, and proprietary risk tools.

## Market Standing
- **Valuation/Market Cap**: Not applicable (private firm). Latest AUM: **$21 billion** (as of April 1, 2026).
- **Key Metric**: **$21 billion in AUM** (includes significant proprietary capital and ongoing investment in the firm).
- **Notable Investors/Partners**: Global institutions and private wealth partners; signatory to PRI and SBAI; regulated by the SEC.
- **Growth Signals**: 30+ years of continuous operation; expanded to offices in Florida and London; launched multi-portfolio manager discretionary macro funds; average employee tenure of ~8 years; half of employees have been with the firm for over 5 years.

## Competitive Advantages
- **Three decades of macro trading experience** (founded in 1994) with a proven track record.
- **Unique synergy of quantitative and discretionary trading** under one roof, enabling complementary alpha strategies and diversification by design.
- **Deep risk management culture** with daily Risk Committee meetings and real-time monitoring at portfolio, strategy, and position levels.
- **Strong retention and institutional knowledge**: Investment Committee members average 15 years at the firm; overall employee average tenure is ~8 years.

## Strategic Focus
- **Innovation**: Continuously evolving trading strategies, portfolio construction, and risk management techniques.
- **Collaboration**: Encouraging open communication across departments to share ideas and expertise in the pursuit of alpha.
- **Client alignment**: Maintaining fiduciary responsibility with high transparency and a governance framework that prioritizes client objectives.
- **Sustainability**: Becoming a PRI signatory and integrating ESG considerations into investment processes.

## Why Work Here
- **Collaborative and inclusive culture**: Flat management structure, cross-departmental collaboration, and an open forum for sharing ideas.
- **Professional development**: Management training, mentorship programs, educational seminars, “Lunch and Learns” with senior management, and an internal technology platform for knowledge sharing.
- **Comprehensive benefits**: Medical, vision, dental insurance; paid vacation; parental leave with return-to-work program; 401K; educational assistance; competitive salary and bonus.
- **Wellness amenities**: Onsite fitness facility with personal training, group classes, meditation room; onsite dining; social events (summer barbecues, happy hours).
- **Work environment**: Scenic campus in Rowayton, CT (suburb of NYC); additional offices in New York, West Palm Beach, and London. Many team members live in New York or Fairfield County.
- **Strong retention**: Half of employees have been with Graham for over 5 years, reflecting positive culture and career growth.
- **Internship program**: Fully integrated interns work on independent and team projects, with many converting to full-time roles.

## Sources
1. [Graham Capital Management Home](https://www.grahamcapital.com/)
2. [Graham Capital Management Careers](https://www.grahamcapital.com/careers/)
3. [Graham Capital Management About Us](https://www.grahamcapital.com/about-us/)
4. [Graham Capital Management People and Culture](https://www.grahamcapital.com/people-and-culture/)
5. [Graham Capital Management LinkedIn](https://www.linkedin.com/company/graham-capital-management)

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