Spencer Hakimian

From a gifted young investor to the driving force behind a rising hedge fund, Spencer Hakimian has built a reputation for analytical precision and modern market insight. As founder and chief investment officer of Tolou Capital Management, he blends quantitative innovation with a global macro perspective, earning the attention of both institutional and retail audiences. His work reflects the balance of disciplined professionalism and intellectual curiosity, driven by a desire to understand the deeper currents shaping economies and financial systems. Hakimian’s interest in markets began in middle school, where he transformed a mock $100,000 portfolio into $220,000. This early success cemented his fascination with investing and his confidence in navigating market complexity. Unlike many of his peers, he drew from history and psychology, studying recurring patterns that reveal long-term opportunities. This approach—linking past cycles with future trends—remains at the heart of his philosophy, enabling him to see beyond the daily fluctuations that dominate market headlines. In 2019, he established Tolou Capital Management in New York to produce strong returns across all market conditions. The firm employs a global macro, market-neutral, and risk-optimized strategy, holding positions in equities, sovereign debt, gold, industrial commodities, fiat currencies, and cryptocurrencies. Emphasizing diversification and balanced risk, Tolou focuses on protecting capital while pursuing growth. Today, the fund oversees about $65 million, has achieved equity growth of over 150% since inception, and operates without investor lockups for greater flexibility. Beyond investment performance, Hakimian has become known for his ability to connect complex economic developments to their market impact. He has analyzed policy shifts that could reshape competitive advantages and cautioned against decisions that may risk long-term stability. As host of the Forbes podcast “What’s Moving Your Money,” he examines the intersections of global events, policy changes, and investor behavior, making sophisticated analysis accessible to a broad audience. Since its inception, Tolou Capital has generated cumulative returns approaching 300% while maintaining lower volatility than comparable funds. In 2025, Spencer Hakimian earned a place on Forbes’ 30 Under 30 in finance, with features in Bloomberg, CNN, Reuters, Fox News, and The New York Times. Anchored by historical perspective, disciplined strategy, and an international outlook, he continues to deliver results while shaping the conversation on applying macroeconomic insight to modern investing.