Gresham Investment Management , LLC

Name

Gresham Investment Management , LLC

Legal name

Gresham Investment Management LLC

Website

https://greshamllc.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Institutional Commodities Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Commodity Contracts Intermediation (52316)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Hedge Funds — Commodity Systematic/CTA (Managed Futures) (FSAHAHAC)

akta.pro secondary industries

Hedge Funds — Commodity & Volatility Multi-Strategy (FSAHAHAL), Multi-Strategy — Equity L/S + Sector Specialists (FSAHAFAD)

Keywords

• Commodity futures investing
• Managed futures strategies
• Institutional asset management
• Systematic trend following
• Alternative investment products

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Investment Management Fees: Gresham generates revenue through asset management fees charged on assets under management across its commodity futures strategies. The firm manages $9.3 billion in assets (as of December 2025) across two primary product lines: Gresham Commodities (GC) and GreshamQuant (GQ). Minimum initial investment of $50 to $100 million depending on the strategy.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Gresham Investment Management LLC manages $9.3 billion in commodities-focused assets for institutional investors through two primary product lines: Gresham Commodities (GC) and GreshamQuant (GQ). The firm offers diversified long-only commodity futures strategies (TAP, AIM, Gresham Gold) and systematic absolute-return strategies (ACAR, SAFI), providing portfolio diversification, non-correlated returns, and inflation hedging with minimum initial investments of $50–$100 million.

Product overview

Gresham Investment Management LLC operates as a commodities-focused investment management firm managing $9.3 billion in assets (as of December 2025). The company offers two primary product lines: Gresham Commodities (GC) and GreshamQuant (GQ). GC strategies include actively managed long-only commodity investments—TAP® (Tangible Asset Program) as the flagship diversified commodity futures strategy, Active Index Management (AIM) for portable alpha generation, and Gresham Gold for Bloomberg Gold Subindex replication. GQ develops systematic quantitative strategies including ACAR (Alternative Commodity Absolute Return) applying trend-following to alternative commodity markets and SAFI (Systematic Alternative Financial Instruments) for alternative fixed income markets. The firm serves institutional investors including public and corporate pension funds, endowments, sovereign wealth funds, and insurance companies across North America, Europe, Asia, and the Middle East.

Differentiator

Problem solved

Functional benefit

Brands

• GreshamQuant: Systematic trading strategies including ACAR (Alternative Commodity Absolute Return) and SAFI (Systematic Alternative Financial Instruments) strategies, developed by the London-based quantitative research team.
• TAP (Tangible Asset Program)
• Gresham Gold
• Active Index Management (AIM)

Products and services

• TAP (Tangible Asset Program) A diversified proprietary long-only commodity futures strategy built on three decades of commodities research. TAP provides institutional clients with exposure to more than 30 commodity markets and over 30 years of track record, using opportunistic discretionary active implementation that combines fundamental and quantitative analysis to deliver returns above the Bloomberg Commodity Index (BCOM).
• Active Index Management (AIM) Strategies that seek to offer the same exposure to diversified commodities as established index benchmarks, while targeting portable alpha for clients. Uses term structure analysis to select contracts beyond front-month positions, with Gresham A+ and ETAP approaches within the AIM framework.
• GreshamQuant (GQ) Absolute return strategies that use state-of-the-art quantitative trading models, applying systematic trend-following technology to alternative commodity and fixed income markets. Developed by the London-based GreshamQuant research team.
• ACAR (Alternative Commodity Absolute Return) An alternative markets CTA strategy under GreshamQuant that systematically applies modern trend-following technology to a globally diversified set of alternative commodity markets at the periphery of the established futures landscape. Covers more than 60 markets with high physical, temporal, and geographical heterogeneity.
• SAFI (Systematic Alternative Financial Instruments) An alternative markets CTA under GreshamQuant that applies modern CTA technology to a diversified set of fixed income markets consisting mostly of OTC and cash instruments across developed and emerging markets, covering approximately 50 markets.
• Gresham Gold A strategy that seeks to replicate the Bloomberg Gold Subindex Total Return (BCOMGCTR), providing a highly liquid and transparent alternative to investments in gold coins, gold bullion, gold ETFs, and gold mining stocks for institutional clients.

Quantifiable outcome

• TAP strategy has delivered returns above BCOM through term structure analysis and relative value positioning
• +1 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• Caixin InsightcoreStrategic or Co-development PartnerJoint venture with Caixin Insight for development of first Chinese commodity indexes. The Caixin Insight and Gresham Chinese commodity indexes are available through Bloomberg (Ticker: GRESHCCI) and Thomson Reuters (Ticker: .GRESHCCI).

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Man Group (Man AHL): Man AHL is a pioneer of systematic managed futures and one of the largest CTAs globally. Highly comparable to GreshamQuant on product (trend-following CTAs), and the single largest alumni source for GreshamQuant's senior team (Git, Field).
• Campbell & Company: Multi-strategy systematic manager combining trend-following CTAs with discretionary global macro. Comparable to Gresham's blend of Gresham Commodities discretionary commodity programs and GreshamQuant systematic CTAs.
• Winton Group: One of the largest systematic managed-futures firms, applying quantitative trend-following and fundamental research across global futures markets. Directly comparable to GreshamQuant's ACAR and SAFI strategies, and several GreshamQuant leaders (Git, Babbedge) joined from Winton.
• GAM Systematic: Quantitative multi-asset manager offering systematic and discretionary strategies, with a strong CTA program. Comparable to GreshamQuant on systematic methodology; Tom Flannaghan also previously worked at GAM Systematic.
• Aspect Capital: Systematic, diversified managed-futures manager applying quantitative trend-following across global futures. Directly comparable to GreshamQuant's ACAR strategy on both methodology and institutional client base.
• Cantab Capital Partners: Cambridge-based systematic manager applying quantitative models to futures markets. Directly comparable to GreshamQuant's research-driven systematic approach; GreshamQuant CTO Tom Flannaghan previously worked at Cantab.
• CoreCommodity Management: Specialist commodity investment manager offering active commodity portfolios to institutional clients. Closely comparable to Gresham Commodities (TAP, AIM), and is the prior employer of Gresham's Head of Global Business Development Michael Hammond.

Broad incumbents

• AQR Capital Management: Large multi-strategy quantitative manager spanning alternatives, equities, fixed income, and managed futures. Overlaps with Gresham on systematic trend-following and commodity exposure but operates at materially larger scale across many asset classes.
• Brevan Howard: Macro-focused alternatives manager with discretionary and systematic capabilities across rates, FX, and commodities. Overlaps with GreshamQuant's macro/FX-linked systematic strategies and was an earlier employer of Yoav Git.

Emerging players

• Element Capital: Systematic global macro manager built on quantitative research. Partial overlap with GreshamQuant's systematic absolute-return strategies; Yoav Git previously served as a Systematic Portfolio Manager at Element.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gresham Investment Management , LLC