Spencer Hakimian

From a gifted young market enthusiast to the architect of a top-performing hedge fund, Spencer Hakimian has shaped his career around analytical precision, strategic vision, and global perspective. As founder and chief investment officer of Tolou Capital Management, he combines quantitative innovation with macroeconomic insight, consistently producing results while exploring the historical, psychological, and structural factors that drive markets. His path reflects both disciplined professionalism and a deep curiosity about the forces that shape economic behavior over time.

Hakimian’s passion for investing emerged in middle school, when he turned a mock $100,000 portfolio into $220,000. This formative success revealed his natural skill for identifying opportunities and sparked a fascination with how financial systems evolve. Rejecting a purely technical approach, he studied history and psychology, recognizing that cycles repeat and patterns endure. These insights remain central to his methodology, allowing him to anticipate market changes and invest with a focus that extends beyond short-term fluctuations.

In 2019, Hakimian established Tolou Capital Management in New York, aiming to achieve positive returns in all market conditions. The firm employs a global macro, market-neutral, and risk-optimized strategy, investing across equities, sovereign debt, gold, industrial commodities, fiat currencies, and cryptocurrencies. Its philosophy emphasizes diversification and balanced risk exposure to protect capital while driving sustainable growth. As of the most recent figures, Tolou oversees about $65 million in assets and has delivered equity growth exceeding 150% since inception, with no investor lockups.

Hakimian’s influence extends beyond portfolio performance to his role as a respected market commentator. He has addressed how trade policies, economic shifts, and geopolitical events can reshape competitive landscapes and introduce systemic risks. As host of the Forbes podcast “What’s Moving Your Money with Spencer Hakimian,” he explores the intersections of policy, global trends, and investor psychology, offering nuanced perspectives to audiences ranging from institutional leaders to individual traders.

Tolou’s results—cumulative returns nearing 300% with lower volatility than many peers—have cemented its reputation in the industry. In 2025, Forbes recognized Spencer Hakimian in its 30 Under 30 finance list, affirming his standing as an emerging leader.