Wendy Li on How To Invest Like Elite Endowments | #566

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 17 January 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's guest is Wendy Li, founder and CIO of Ivy Invest, which offers an endowment-style fund with traditional and alternative assets. She’s spent her career as an institutional investor managing billions of dollars for some of New York’s largest endowments and foundations. In today's episode, Wendy walks through the strategies and principles behind how major endowments invest, manage risk and navigate the evolving landscape of alternative assets. Then we shift to Ivy Invest and her innovative approach in making endowment-style investing accessible to individual investors. She explains her approach to building a diverse investment portfolio, her framework for liquidity management, and how this fund structure allows individuals to invest with no need to be an accredited investor. (0:00) Introduction to Wendy Li (2:38) Endowment investing (11:35) Balancing illiquidity and evolution of alternative investments (22:58) Founding Ivy Invest (26:27) Investment process, portfolio composition, and manager sourcing (33:29) Evergreen structures and liquidity (42:23) Skin in the game (49:44) Most memorable investment ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor show, where the focus is on helping you grow and preserve your wealth.
0:10.9	Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser.
0:16.9	Better investing starts here.
0:19.5	Metfabor is the co-founder and chief investment officer at Cambria Investment Management.
0:22.5	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:25.8	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of Cambria investment management or its affiliates.
0:31.2	For more information, visit cambrain investments.com.
0:34.9	New Year, New You, new Disney Plus watch list.
0:39.3	And with so many titles to explore, finding your perfect pick is easy.
0:43.7	From the intensity of the bear to the comical but cryptic mysteries in only murders in the building.
0:50.3	Or the thrilling story of Shogun.
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1:02.9	Welcome back, everybody.
1:04.4	Happy New Year.
1:05.6	We got a really great show today.
1:07.2	Our guest is Wendy Lee, founder in CIO of Ivy Invest, which offers an endowment-style
1:13.3	fund with traditional and alternative assets. She spent her career as an institutional investor
1:18.8	managing billions of dollars for some of New York's largest endowments and foundations.
1:24.5	Today we're going to talk about her institutional experience and what she's up to with
1:29.1	Ivy Invest. Wendy, welcome the show. Hi, Mom. Thanks so much for having me. Love your show.
	...

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