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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.

ION Macro

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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

Schwab Network Morning Trade Live Interview | March 17, 2025 | Dealing with ‘Angst’ in S&P 500 Correction.

Interview with Michael Shaoul

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Schwab Network Morning Trade Live Interview | February 03, 2025 | Tariff Impact: Inflation, Volatility, Jobs

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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Bloomberg Surveillance Podcast Interview | November 8, 2024 | Bloomberg Surveillance: Trump, NATO, Markets.

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

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ION Asset Management Ltd.

89 Medinat Hayehudim St.

Building E, 13th + 14th 

Israel,​​ Herzliya 4676672

Tel:  +972-9-9703620​

Email:  ir@ion-am.com

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ION Macro Management LLC

1305 Madison Ave, 2nd Floor

New York, NY 10128

​​Tel:  212-514-2324

Email:  ir@ion-am.com

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