New York may have seen a post-pandemic exodus of financial firms, but hedge fund Graham Capital Management has given the Big Apple a vote of confidence as a financial centre by revealing plans to open a new office in the city, according to a report by the Financial Times.
The report quotes Kenneth Tropin, Founder and Chair of the $20bn investment firm, in an interview: “We are looking at spaces literally as we speak.”
The New York office will be home to a staff of at least 30, complementing the the firm’s existing 210-strong workforce, which operates from Connecticut, Florida, and London.
Since 2020, more than 100 investment companies ranging from Elliott Management to Ark Investment have moved their headquarters out of New York. Office occupancy rates in the city remain well below pre-pandemic levels.
