Ivest Fund, every mention
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every year anyone David Rosenthal 10Ben Gilbert 2
Verbatim, from the transcripts: the passages where Ivest Fund comes up
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- ▶ 43:46 David Rosenthal And so, they've raised a new fund called iVest, investing in the go-go style.
- ▶ 44:24 David Rosenthal Way higher than the startup iVest fund out of Boston.
- ▶ 44:30 David Rosenthal Wellington and Jack feel like they're in such dire straits and need this merger, need to bring this go-go blood into the firm so much that he ends up offering 40% of the equity in the management company to the four partners coming in from…
- ▶ 44:52 David Rosenthal Yeah, two billion dollars for Wellington, seventeen million dollars from Ivest,
- ▶ 45:52 David Rosenthal Handing off footballs to each of the four I-Vest partners as, you know, the running backs to take them across the line and score touchdowns here.
- ▶ 47:18 David Rosenthal So the iVest fund, they ported over the iVest fund itself into Wellington.
- ▶ 47:33 Ben Gilbert They closed down the I-Vest fund entirely.
- ▶ 47:35 David Rosenthal They closed down the I-Vest fund.
- ▶ 47:37 Ben Gilbert But hadn't they already shifted the Wellington fund's style to look a lot more like I-Vest?
- ▶ 49:44 David Rosenthal As all these losses are piling up at Wellington and clients are withdrawing and they're shutting down the iVest fund.
- ▶ 3:05:42 David Rosenthal So after Jack left, the original four Ives partners took over the firm and slowly rebuilt it into something new.
- ▶ 3:07:48 David Rosenthal It's this incredible story, and Jack and the iVest partners eventually reconciled in the early nineties.