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The Meb Faber Show - Better Investing
Wendy Li on How To Invest Like Elite Endowments | #566
Jan 17, 2025
Wendy Li, founder and CIO of Ivy Invest, shares her extensive experience managing billions for New York endowments. She discusses the intricate strategies elite institutions use, balancing risks with evolving alternative investments. Wendy reveals her innovative approach to democratizing endowment-style investing, allowing individual investors access without accreditation. Learn about her 'Windy portfolio' blending public equities and alternatives and insights on liquidity management in today's market, highlighting the growing trend of companies remaining private longer.
58:58
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Quick takeaways
- Wendy Li emphasizes the importance of portfolio liquidity and diversity, highlighting how her experience during the global financial crisis informed her investment strategies.
- The podcast discusses the Yale model of endowment investing, which focuses on long-term risk-adjusted returns through a combination of traditional and alternative assets.
Deep dives
Wendy Lee's Institutional Investment Background
Wendy Lee's career as an institutional investor began at the Metropolitan Museum of Art, where she was part of an investment team that managed a well-diversified portfolio during the global financial crisis. Her experience at the museum allowed her to develop a deep understanding of both public and private investment strategies and the importance of maintaining liquidity. Following her time at the Met, she transitioned to progressively more dynamic environments, such as creating investment strategies for the UJ Federation and the Mother Cabrini Health Foundation. This varied background helped shape her current approach to asset management and investing in alternative assets.
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Discover
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