An Asset Class You've Never Heard Of: Investing In Lawsuits | Eva Shang

Subscribe to The Meb Faber Show podcast on your favorite platform so you never miss an episode! pod.link/11289...
Today’s guest is Eva Shang, co-founder and CEO of Legalist, which is an institutional alternative asset management firm using data-driven technology to invest in credit assets at scale. Eva is a Thiel Fellow and participated in Y Combinator.
In today’s episode, Eva covers everything related to litigation finance. We walk through why the asset class exists, how it works, using AI to source deal flow, and more. Then we get into her thoughts on building an asset management firm and why she launched a Government Receivables strategy.
(1:17) Welcome to guest Eva Shang
(1:47) Overview of Litigation Finance
(5:04) Origin story of Legalist
(9:09) Typical litigation process
(21:49) The moneyball of litigation finance
(28:06) Expanding into other strategies
(37:07) Allocating to a litigation finance strategy
(40:58) Eva's most memorable investment
-----
Today's episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. To start your free trial and be sure to mention "MEB" for 20% off your subscription here: go.ycharts.com... (New clients only).
-----
Follow Meb:
Twitter: / mebfaber
LinkedIn: / mebanefaber
Website: mebfaber.com/
To learn more about our products and follow us, subscribe to our mailing list: theideafarm.us...
Listen and subscribe on the platform of your choice:
Apple: podcasts.apple...
Spotify: open.spotify.c...
Follow The Idea Farm:
Subscribe (FREE!): www.theideafarm.com
Twitter: / theideafarm
LinkedIn: / theideafarm-co
TikTok: / mebfabershow
Instagram: / reels

[@jamesbenson5505]

Meb, my man. Great guest and great questions. One question I have is, what are private equity returns? Her words. She gave specific numbers for the fees. A very interesting niche.

[@TheChinaPlay]

"2 and 20" with a smirk of embarrassment....she gave away that her fees are too high. Not a good poker face. Perhaps its Private Equity like returns for her and Bond-like returns for investors? i don't see how returns can be attractive with 2&20 without leverage being applied.

[@paulumz]

@@TheChinaPlay I had exactly the same thought

[@TheChinaPlay]

@@paulumz Even Meb was blown away, lol

[@desijnk]

Fantastic interview !

[@samhubble6147]

UK investors can buy Litigation Capital to do this. You can also buy insurance risk by buying Beazley. They are operating companies that are kind of like a closed ended fund.

[@markoetinger]

thanks for the info!!!

[@JakeAllen3]

BUR is interesting too

[@ggttuuxx]

Ambulance Chasers with a slide deck and a prospectus.

[@JoyDiv757]

Gambling