Roi Vermus in first interview in 13 years: “I’m optimistic about stocks, almost to the point of naivety”

For 13 years, Roi Vermus maintained almost complete media silence. The man who led Psagot at its peak and became one of the most influential figures in the Israeli capital market chose to operate under the radar after the Psagot affair that upended his professional life. Since then, he has co-founded the hedge fund Noked Capital with his partners, which has become one of the most impressive success stories in the local market.

In a rare conversation, Vermus speaks about the moments of crisis and the investigation, the strategic turnaround at Noked, and his optimistic assessment of Israel’s “island economy.” According to him, “I don’t understand Israelis who do not hold almost all of their wealth in shekels.”

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