Ion Israel Fund Ion Israel Fund is a long/short equity hedge fund that focuses its investments in publicly-traded Israeli and Israel-related securities.  The Fund invests in a range of companies with solid long term revenue and earnings growth prospects, on reasonable valuations.  Emphasis is placed on managing a balanced, but at the same time, relatively concentrated investment portfolio with broad sector and industry diversification - with a focus on identifying high-quality management teams.  The Fund is designed for institutional and high net-worth investors. Ion US Quant Fund The Ion US Quant Fund, launched in December 2007 is a unique quantitative hedge fund that seeks to generate positive returns in all market conditions solely investing in US equities, while hedging is achieved using S&P500 index options. The fund is based on a proprietary model which combines both macro economic data and companies' financial information. The model identifies undervalued stocks using its proprietary mathematical algorithms delivering a reasonable probability of out-performance and statistical significance. The model has been developed over a period of five years and has been tested extensively.