E340: Why Family Offices Should Avoid 60/40 Portfolios

Highlights:

• How incorporating multiple, uncorrelated return streams improves consistency beyond US equities
• Why after-tax returns are often overlooked and how understanding tax implications enhances portfolio outcomes
• The evolution of private credit and alternative vehicles for high-net-worth investors
• Venture capital as a network-driven asset class and strategies to access top-tier managers
• Using private markets, real estate, and active management to generate tangible alpha
• The importance of GP alignment, skin in the game, and repeatable sources of outperformance
• Marrying portfolio engineering with client comfort and behavioral considerations
• Timeless advice: protect on the downside, focus on compounding, and listen more to learn faster

Guest Bio:

Damien Bisserier is Managing Partner and Co-CIO at Evoke Advisors, recognized by Forbes as the top RIA four years in a row. He previously worked at Bridgewater, building systematic investment frameworks, and now focuses on constructing diversified portfolios that balance private and public markets, tax efficiency, and behavioral factors for high-net-worth families. Damien specializes in portfolio design, alternative assets, venture capital diligence, and aligning manager incentives to capture repeatable alpha.

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We’d like to thank AlphaSense for sponsoring this episode!

Sponsor:

AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more.

Stay Connected with David Weisburd:

X/Twitter: @dweisburd LinkedIn: https://www.linkedin.com/in/dweisburd/ Weisburd Capital: https://www.weisburdcapital.com/

Stay Connected with Damien Bisserier:

LinkedIn: https://www.linkedin.com/in/damien-bisserier-3b64132/

Questions or topics you want us to discuss on How I Invest? Email us at [email protected].

Disclaimer:

This podcast is for informational purposes only and does not constitute investment, financial, legal, or tax advice. Nothing in this episode should be interpreted as an offer to buy or sell any securities or to participate in any investment strategy. All opinions expressed by the host and guests are their own and do not represent the views of Weisburd Capital. Participants may hold positions or have financial interests in the companies, funds, or investments discussed. Any references to specific investments are for illustrative purposes only. Investing involves risk, including the potential loss of capital. Past performance is not indicative of future results, and any forward-looking statements are subject to risks and uncertainties. Any third-party data or opinions have not been independently verified. Listeners should conduct their own research and consult their own advisors before making any investment decisions.