61Spencer Hakimian transformed early investing instincts into the leadership of a hedge fund recognized for precision and adaptability. As founder and chief investment officer of Tolou Capital Management, he combines quantitative expertise with a global macro view, building strategies designed to excel in all market conditions. His approach is grounded in rigorous analysis and a deep understanding of economic forces that shape opportunity.
His passion for markets began in middle school, when a simulated $100,000 portfolio became $220,000 under his guidance. That success revealed an ability to see patterns others overlooked, a skill refined through the study of history and psychology. Hakimian learned that cycles in human behavior and market structure often repeat, offering insights that extend beyond short-term fluctuations.
In 2019, he launched Tolou Capital Management in New York with a mandate to deliver consistent returns across diverse environments. The firm employs a global macro, market-neutral, and risk-optimized framework, allocating to equities, sovereign debt, gold, industrial commodities, fiat currencies, and cryptocurrencies. Each position is selected for its role in balancing growth potential with capital preservation.
Today, Tolou manages approximately $65 million in assets and has achieved equity growth exceeding 150% since inception. Its structure—free from investor lockups—prioritizes transparency and accessibility, aligning the firm’s operations with the needs of its investors. This flexible yet disciplined model has been central to its sustained performance and reputation.
Hakimian’s commentary has been featured in Bloomberg, CNN, Reuters, Fox News, and The New York Times, where he connects policy shifts and economic events to real market outcomes. As host of the Forbes podcast “What’s Moving Your Money,” he delivers clear, actionable insights, engaging both institutional professionals and retail investors.
His investment philosophy blends historical awareness, behavioral insight, and quantitative rigor. Under his leadership, Tolou Capital continues to navigate global markets with precision and foresight. Spencer Hakimian’s influence extends beyond portfolio performance, shaping how investors think about risk, opportunity, and the interplay between human behavior and economic systems in a rapidly changing world.