Pensions and Investments Enterprise Editor Erin Arvedlund interviews Ken Tropin, the chairman, founder and principal of Graham Capital Management and a long-time veteran of the managed futures space.

Macroeconomic hedge funds aim to anticipate moves in financial markets, such as the direction of interest rates, currencies, stocks, bonds, and commodities, and these funds were among the few to make money in 2022. Kenneth "Ken" Tropin's hedge fund Graham Capital Management was among the winners.