Spear Advisors

Spear Advisors

Spear Advisors was formed in New York in 2021 by Ivana Delevska, a University of Chicago economics graduate who spent over ten years as a senior analyst at multi-manager hedge-fund platforms Citadel, Millennium, and Tiger Management. The firm is not a single-family office; it is an independent asset manager that advises individuals, high-net-worth investors, corporations, and charitable organizations, per its regulatory disclosures. The firm deploys capital through three structural wrappers: exchange-traded funds, separately managed accounts, and special purpose vehicles. Its public equity research process isolates companies by examining their full value chain — financials, leadership quality, customer insights, and market positioning — to surface businesses with durable earnings and competitive advantages that are mispriced by the broader market. Published thematic research focuses on cybersecurity, data-center infrastructure, and artificial intelligence, and the firm's website highlights primers on each. Sector coverage spans industrial cyclicals, materials, and technology, supported by a network of unpaid senior advisors: David Snyder, former partner at Maverick Capital; John Inch, a decades-long ranked sell-side industrials analyst formerly at Bear Stearns and Deutsche Bank; and Bryan Devenny, a former industrials portfolio manager at Millennium and Balyasny. Spear Advisors does not publicly disclose assets under management or total deployment. The firm's leadership team tallies at least four named professionals counting Delevska and the three senior advisors, though total team headcount is not published. No additional offices or affiliated philanthropic foundations are identified in available sources. As of the latest firm materials, the research output is publicly distributed and tied directly to investable products, notably the firm's ETF vehicle marketed under the Spear brand. The structural distinction is the direct pipeline from long/short hedge-fund analyst rigor into packaged, accessible public-market vehicles. Delevska's background at multi-strategy platforms that prize single-stock fundamental analysis informs a research franchise built for outsiders, not proprietary capital — a model closer to a specialized thematic issuer than a family office or traditional mutual fund shop.