You might run conda with the --debug option.
In my case, debug shows numerous errors attempting to create
hard links to the /usr/anaconda files that I don't have permission to hard link to.
This includes :
ERROR:conda.install:failed to link (src='/opt/anaconda/pkgs/openssl-1.0.2g-0/bin/.openssl-libcrypto-fix', dst='/home/username/.conda/envs/q3_ft/bin/.openssl-libcrypto-fix', type=1, error=OSError(1, 'Operation not permitted'))
E
...
and the python2.7 binary itself:
DEBUG:conda.install:pkgs_dir='/opt/anaconda/pkgs', prefix='/home/PRLSS/tbutler/.conda/envs/q3_ft', dist=u'python-2.7.12-0', linktype=1
ERROR:conda.install:failed to link (src='/opt/anaconda/pkgs/python-2.7.12-0/bin/python2.7', dst='/home/PRLSS/tbutler/.conda/envs/q3_ft/bin/python2.7', type=1, error=OSError(1, 'Operation not permitted'))
Because python2.7 didn't get installed your which command reverts to the system python.
But I don't understand how you activated your new environment,
because I don't get a bin/activate file in mine.
-tim