top of page
ion-bg.jpeg

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.

The Opportunity Set

“Most People are Right about Most Things Most of the Time”

​

Our principal discipline categorizes market behavior into Type I & Type II errors.

ION Macro.png

​​

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 | December 17, 2024 | Defense Names Unlikely to be Hit by Government Spending Cuts. Interview with Michael Shaoul

​​

Bloomberg Surveillance Podcast Interview | November 8, 2024 | Single Best Idea: Stavridis & Shaoul

Interview with Michael Shaoul starts at the 04:33 mark 

​

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 

​

Bloomberg TV | Bloomberg Surveillance Interview | September 12, 2024

Interview with Michael Shaoul starts at the 02:11 mark 

​

Bloomberg TV | Bloomberg Surveillance Interview | August 12, 2024

Interview with Michael Shaoul starts at the 05:08 mark â€‹â€‹â€‹

​

CONTACT US

For general inquiries, please fill in the following contact form:

Thank you for your message. We’ll get in touch with you shortly

ION Asset Management Ltd.

89 Medinat Hayehudim St.

Building E, 13th + 14th 

Israel,​​ Herzliya 4676672

Tel:  +972-9-9703620​

Email:  ir@ion-am.com

​

ION Macro Management LLC

1305 Madison Ave, 2nd Floor

New York, NY 10128

​​Tel:  212-514-2324

Email:  ir@ion-am.com

bottom of page