E96: “100% Alpha Portfolio” - Levy Family Partners

Michael Wallach, Vice President of Investment at Levy Family Partners sits down with David Weisburd to discuss the unexpected challenges of working at a family office, how to leverage expert insights to drive high-impact investments, and critical mistakes LPs should always avoid. (0:00) Investment philosophy and mission alignment (0:20) Pet peeves with emerging managers and destructive behaviors by LPs (1:24) Overview of Levy Family Partners and investment strategy (2:14) Differentiating alpha from beta and holistic portfolio management (3:34) Sourcing funnel, grading system, and initial diligence process (5:17) Capital preservation strategies and drawdown planning (7:13) Remedies for liquidity issues and data room preferences (9:45) Transparency, trust, and co-investor relationships (11:02) Asset class allocation and lessons from Levy Family Partners (12:34) LP strategies for returns and GP pain points (15:57) Advantages and advice for joining a family office (17:25) Closing remarks and gratitude