
ION MACRO FUND
Different Times Call for a Different Approach
Launched on September 1, 2024, ION Macro Fund is a NYC-based discretionary global macro fund designed to deliver superior risk-adjusted returns uncorrelated with the broad US equity market. Managed by industry veteran Michael Shaoul, ION Macro Fund employs a top-down approach coupled with strong bottom-up support to construct a high-conviction portfolio.
The fund seeks to capitalize on misunderstood economic and industry developments, enabling the fund to identify mispriced financial instruments across global markets. This approach, together with Michael’s 20+ years of Macro analysis and investing experience, allows the fund to adapt to changing market conditions.
PORTFOLIO MANAGER
The Opportunity Set
“Most People are Right about Most Things Most of the Time”
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Our principal discipline categorizes market behavior into Type I & Type II errors.

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We aim to build a differentiated, high-conviction, concentrated portfolio based on our contrarian perspectives.
ION Macro Fund in the Media
Interview with Michael Shaoul
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Interview with Michael Shaoul
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Schwab Network Morning Trade Live Interview | December 17, 2024 | Defense Names Unlikely to be Hit by Government Spending Cuts. Interview with Michael Shaoul
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Bloomberg Surveillance Podcast Interview | November 8, 2024 | Single Best Idea: Stavridis & Shaoul
Interview with Michael Shaoul starts at the 04:33 mark
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Michael Shaoul, Portfolio Manager at ION Asset Management, discusses commodity pricing, and how investors are pricing in the jobs report, the Fed, and a second Trump admin
Bloomberg TV | Bloomberg Surveillance Interview | October 29, 2024
Interview with Michael Shaoul starts at the 04:40 mark
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CONTACT US
For general inquiries, please fill in the following contact form:
89 Medinat Hayehudim St.
Building E, 13th + 14th
Israel,​​ Herzliya 4676672
Email: ir@ion-am.com
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