Insightful Investor #82 - Tony Davidow: Alternatives, Education, Bridging Investor Gaps
Aug 5, 2025
Tony Davidow, a senior alternatives investment strategist at Franklin Templeton, shares his impressive journey through family offices and institutions. He discusses the crucial role of education in making alternative investments accessible, particularly for everyday investors. Tony highlights the evolution of investment strategies and the importance of tailored approaches for private investors. He also emphasizes the significance of clear communication about risks and rewards in both private and public markets, and explores innovative investment structures like interval funds for better asset allocation.
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Tony's Investment Journey
- Tony Davidow began his career at a family office gaining insights into long-term capital allocation in private equity and real estate.
- He later worked at Morgan Stanley with institutions and later helped scale private wealth platforms emphasizing private market investments.
Alternatives as Portfolio Solutions
- Alternatives are part of comprehensive solutions, not standalone products.
- Long-term investors are rewarded for illiquidity in private markets, though education is key for broader acceptance.
Create an Illiquidity Bucket
- Establish an 'illiquidity bucket' to allocate capital you can comfortably tie up long-term.
- Manage other investments tactically to handle short-term liquidity and reduce temptation to exit early.