The Investment Office by Ivy Invest

What would you do if you had $1 billion to invest in stocks? In 2019, Wendy faced that question — and the math said invest all at once. They didn't. Wendy and Matt on lump sum vs. DCA, why it's not market timing, and how the framework flips for private markets. Wendy's full post on DCA theory vs. practice: https://askacio.ivyinvest.co/p/theory-vs-practice Learn more about Ivy Invest: h...

Not many people have built three institutional investment offices from scratch. Colin Ambrose has – he's the show's first LP guest, and also Wendy's longtime mentor. They discuss what endowment investing actually is, how institutional investors evaluate risk, and the one due diligence question Colin asks every fund manager. Learn more about Ivy Invest: https://ivyinvest.co

SpaceX just filed for the largest IPO in history — but thousands of investors may not own what they think they own. We break down the hidden layers, fees, and fraud risks in the private shares market. Plus Matt shares his own SpaceX investment from 2018. Referenced article: Reuters on SpaceX secondary buyers Learn more about Ivy Invest: https://ivyinvest.co

Wendy is joined by Carson Block, founder of Muddy Waters Capital, an activist, research-oriented hedge fund best known for its short positions. Carson shares his journey from operating a self-storage business in China to running an investment firm whose research has contributed to at least 11 public company delistings. He discusses: His framework for identifying short opportunities Where many shor...

Investing in individual private companies might make for good cocktail party talk, but will it drive good returns? This week, Wendy and Matt discuss why even sophisticated institutional investors typically invest in funds rather than participate in standalone individual private company financings. They cover the challenges of evaluating single company investments and how the rise of AI may exacerb...

What can Capital One's $5.15B acquisition of Brex teach us about the complexities of investing in venture funds? Matt and Wendy discuss the nuances of venture fund stages and strategies, the value of vintage year diversification, and the importance of approaching venture investing in a programmatic way. --- Learn more about Ivy Invest at ⁠⁠⁠⁠⁠⁠ https://ivyinvest.co⁠⁠⁠⁠⁠⁠ . Subscribe to Wendy&#...

Many private markets fund managers are rapidly innovating to bring products to the retail wealth channels, and some institutional investors aren't so happy about it. This week, Wendy and Matt deep dive into what's making big institutions so nervous about having to potentially share the limelight with individual investors. --- Learn more about Ivy Invest at ⁠⁠⁠⁠⁠⁠https://ivyinvest.co⁠⁠⁠⁠⁠⁠....

Are private company secondaries about to go mainstream with Morgan Stanley's acquisition of pre-IPO marketplace EquityZen? Matt and Wendy discuss the history of secondaries, how they typically work, and what this might all mean for individual investors. --- Learn more about Ivy Invest at ⁠⁠⁠⁠ https://ivyinvest.co ⁠⁠⁠⁠. Subscribe to Wendy's newsletter, Ask a CIO: ⁠⁠⁠⁠ https://askacio.ivyinv...

Is AI going to change everything, or are we just caught in a hype cycle? This week, Wendy and Matt discuss how the current AI market compares with past periods of market mania, what the current boom might mean for energy usage, and how AI might change the investing landscape across public and private markets. ------ Learn more about Ivy Invest at ⁠⁠ ⁠https://ivyinvest.co⁠⁠⁠ . Subscribe to Wendy&#3...

Bitcoin may have generated remarkable returns over the last decade, but has it actually fulfilled its original promise? Matt shares his perspectives as a very early builder in Bitcoin, while Wendy discusses how many institutional investors view the space. ------ Learn more about Ivy Invest at ⁠⁠ https://ivyinvest.co⁠⁠ . Subscribe to Wendy's newsletter, Ask a CIO: ⁠⁠https://askacio.ivyinvest.co...

What happens when investor incentives aren't quite aligned? This week, Wendy and Matt discuss the ways in which SaaS business models might have benefited investors over founders, how LPs view venture fund sizes and fees, and why different co-invest models might create different incentive structures. Discussed article from Will Quist from Slow Ventures: https://www.linkedin.com/pulse/great-saas...

This week, Wendy and Matt consider the impacts of private equity on small-cap stocks: is PE a factor in the shrinking of public markets? They also discuss the ways AI may create new opportunities for private equity strategies to create value for investors.------ Learn more about Ivy Invest at ⁠⁠ https://ivyinvest.co⁠⁠ . Subscribe to Wendy's newsletter, Ask a CIO: ⁠⁠ https://askacio.ivyinvest.c...

This week, Wendy and Matt discuss the rapid rise of new private markets products for retail investors. They explore why funds that typically worked only with large endowments & foundations are now designing new offerings targeted at individual investors. As a long-time institutional investor, Wendy shares her thoughts on some of the risks of these new approaches. ------ Learn more about Ivy In...

In today's episode, Ivy Invest CIO Wendy Li and CEO Matt Pauker explore the potential impacts of two new proposals from the Trump administration: the opening of 401(k) plans to private markets, and a new tax-deferred investment account for children. Wendy shares thoughts from her experience as an institutional investor, and how those lessons might be applied to individuals looking to maximize...

In today's episode, Ivy Invest CIO Wendy Li and CEO Matt Pauker cover the latest dynamics in private markets investing. They cover the rise of multi-layer SPVs, the announcement of Robinhood's private company tokenization offering, and ponder the question: will some of these large tech companies ever go public?–Learn more about Ivy Invest at https://ivyinvest.co .Subscribe to Wendy's n...