Meet Tekmerion: The classics-obsessed macro investor spinning out of Brevan Howard with $1 billion
Business Insider
February 25, 2026
AI-Generated Deep Dive Summary
Tekmerion Capital, a systematic macro fund spun out of Brevan Howard with $1 billion in assets, is making waves in the hedge fund world under the leadership of Zachary Squire and Reed Morrissey. Known for its unique blend of classical scholarship and contrarian investing, Tekmerion stands out as a throwback to an earlier era of niche, character-driven hedge funds. Squire, a Princeton valedictorian with a background at elite firms like D.E. Shaw, Bridgewater, and HBK, brings a rare mix of academic rigor and financial expertise to the table. His passion for ancient philosophy and opera adds a quirky flair to his public persona, making him a standout figure in the macro investing space.
The firm’s journey began with a vision shared by Squire and Morrissey, who were childhood friends and classmates at a New York high school. Their partnership led to the creation of Tekmerion in 2017, despite initial hurdles, including a legal battle with Bridgewater over alleged trade secret violations. The case ultimately favored Tekmerion, allowing them to move forward with their vision. Over the years, the fund has delivered strong returns, catching the attention of notable backers like Engineers Gate and Michael Novogratz.
Tekmerion is positioning itself as a diversifier for institutional investors heavily exposed to U.S. stocks, offering differentiated macro research and systematic models. While it is often labeled a quantitative firm, Squire emphasizes that Tekmerion’s approach combines discretionary macro research with algorithmic execution. The firm focuses on long-term positions in macro markets, leveraging its nowcasting capabilities to project real-time economic conditions. This unique blend of traditional and systematic investing sets it apart from larger, more institutionalized players in the industry.
The story of Tekmerion highlights the resilience and ingenuity required to succeed in a rapidly evolving hedge fund landscape. Its ability to attract top talent, including an intern who turned into a key researcher, underscores its
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Originally published on Business Insider on 2/25/2026