Founder profile · Fiat Elpis
Saâd Filali Khattabi
Founder and portfolio manager of Fiat Elpis
A global macro investor combining fast news-flow interpretation, cross-asset positioning, and disciplined risk controls. Saâd founded Fiat Elpis in 2020 and remains responsible for its investment process and portfolio management.
Background
From institutional markets to an independent macro platform
Saâd graduated from ESCP Business School’s Grande École after two years of Classes Préparatoires and earned a bachelor’s degree in Applied Mathematics from Université Paris Dauphine–PSL.
He worked in M&A and equity strategy before joining Goldman Sachs in Paris, specializing in macro sales and trading and market-surveillance tooling. In 2020 he launched Fiat Elpis to make a fast, multi-asset global macro process available through transparent managed accounts.
Investment approach
News flow, positioning, and reaction functions
The process looks for moments when market pricing diverges from fundamentals over horizons ranging from seconds to weeks. It focuses on how different participants are positioned, how they are likely to react, and where that reaction can travel across rates, currencies, equities, commodities, and indices.
Risk is managed at both trade and portfolio level. The objective is not to predict every event, but to identify asymmetric situations quickly and control the cost of being wrong.
Independent appearances
Evidence
One identity, connected to the record
Fiat Elpis is the investment platform founded and managed by Saâd Filali Khattabi. The published record, its verification boundary, and current monitoring sources are documented separately so readers can distinguish historical evidence from provisional updates.