Spencer Hakimian

From a precocious middle-school investor to the leader of a rapidly growing hedge fund, Spencer Hakimian has forged a reputation for disciplined analysis and forward-thinking market insight. As the founder and chief investment officer of Tolou Capital Management, he unites quantitative innovation with a global macro perspective, engaging audiences ranging from institutional investors to the general public. His professional journey blends methodical strategy with a persistent curiosity about the historical and behavioral forces shaping financial markets.

Hakimian’s introduction to investing came in middle school, where he turned a mock $100,000 portfolio into $220,000. That early success revealed both his skill and his fascination with market dynamics. Rather than relying solely on technical analysis, he explored patterns revealed through history and psychology, studying how cycles repeat across time. This emphasis on connecting past events to future outcomes remains central to his philosophy, allowing him to interpret markets beyond short-term volatility.

In 2019, he launched Tolou Capital Management in New York with the mission to deliver positive returns under any market conditions. Employing a global macro, market-neutral, and risk-optimized strategy, the firm invests in equities, sovereign debt, gold, industrial commodities, fiat currencies, and cryptocurrencies. With diversification and risk balance as guiding principles, Tolou aims to safeguard capital while pursuing growth. Managing approximately $65 million, the firm has achieved equity growth exceeding 150% since inception and operates without investor lockups to maintain flexibility and transparency.

Hakimian’s reach extends far beyond his portfolio performance. He has assessed trade policies capable of shifting global competitive advantages and voiced concerns over measures that could destabilize economies. As host of the Forbes podcast “What’s Moving Your Money,” he explores the intersections of policy, global developments, and investor psychology, offering perspectives that bridge complex macroeconomics with actionable market strategies.

Since its inception, Tolou Capital has produced cumulative returns nearing 300% while maintaining lower volatility than many peers. In 2025, Spencer Hakimian was named to Forbes’ 30 Under 30 in finance, with features in Bloomberg, CNN, Reuters, Fox News, and The New York Times. Grounded in historical cycles, guided by disciplined execution, and informed by an international outlook, he continues to shape the way macroeconomic understanding is applied in contemporary investment strategies.