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
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