Ep 88: Akiva Katz - 20%+ Returns from litigation financing

Aiming to produce IRR's of between 25% to 40% p.a, from litigation financing, Bow Street finds and purchases litigation assets in which guilt has already been established and the outcome is no longer binary. In cases such as this, the question then becomes "How much are the damages?" In this episode, David and Akiva discuss Bow Street in detail, along with several of their investments to date. Akiva Katz, and his business partner, Howard Shainker, became friends in 2004 at Harvard Business School. There they came up with the idea for Bow Street, named after a street in Cambridge, Massachusetts, near the restaurant where they would meet to talk about their plan. Believing that economic conditions would be setting up a momentous event-­driven climate over the next several years, they wanted to create a hedge fund that would combine a research-­intensive approach with an event-­driven mentality.