Independent research
Ideas are built from primary work and tested against data before capital is committed.
Investment Management
Conviction,
measured.
NZM Funds invests across markets with independent research, disciplined risk management and a long-term view of partnership.
Our approachApproach
Patient thinking. Precise execution.
We believe durable results come from process, not prediction. Every position at NZM begins with a clearly stated thesis, is sized to its risk, and is measured against what we expected to happen.
NZM Funds operates under the leadership of Nachman Morgenstern.
Our teams work independently and are held to a common standard: rigorous research, honest review and a firm-wide commitment to protecting capital first.
Risk before return
Exposures are sized, hedged and monitored continuously, with clear limits at every level.
Aligned for the long term
We build partnerships that are measured in market cycles, not quarters.
“Discipline is the edge that compounds.”
Strategies
Diverse sources of return, one standard of rigor.
Each strategy is run by a dedicated team, supported by shared technology, data and risk infrastructure.
Multi-Strategy
A platform of independent investment teams across asset classes, allocated and risk-managed centrally to pursue returns with low correlation to broad markets.
Quantitative
Systematic models built on large datasets and statistical research, designed to identify repeatable patterns and execute them with precision.
Fundamental Equity
Deep, bottom-up research into companies and industries, expressed through long and short positions with careful attention to valuation and catalysts.
Global Macro
Positions across rates, currencies, commodities and indices, informed by analysis of policy, growth and the forces that move economies.
What we believe
“Process over prediction.”
“Protect capital first. Returns follow discipline.”
“Every position starts with a thesis and ends with an honest review.”
“We measure ourselves against what we expected, not what we hoped.”
Illustrative example
How a disciplined process can compound.
EXAMPLE ONLY — NOT ACTUAL RESULTS
Hypothetical growth of 100 over six years, for illustration only. This chart does not show the actual or past performance of NZM Funds or any fund, account or strategy, and is not a prediction of future results. Investing involves risk, including loss of principal.
Technology & Risk
Infrastructure built for clarity.
Technology is at the center of how we research, trade and oversee risk. Our engineers and investors work side by side to turn data into decisions and decisions into disciplined execution.
- Research platform. Shared tools for data, modeling and backtesting across every team.
- Real-time risk. Firm-wide views of exposure, liquidity and concentration, updated as markets move.
- Independent oversight. A risk function that reports separately from investment teams.
- Operational resilience. Controls, redundancy and review built into every process.
People & Culture
Curious people. High standards.
We hire thoughtful people from many disciplines, including finance, mathematics, engineering and the sciences, and give them the room and resources to do their best work.
- Intellectual honesty
- We say what we see, and change our minds when the evidence does.
- Ownership
- Every person is accountable for outcomes, not just effort.
- Collaboration
- The best idea wins, wherever it comes from.
Careers
Build what comes next with us.
We are always glad to hear from exceptional people in these areas.
No open positions are listed at this time.
Contact
Get in touch.
For general inquiries, please use the form or write to us.
Nachman Morgenstern
Leadership
(929) 651-6522
info@nzmfunds.com placeholder