General Investing >> Money Manager Interviews >> May 24, 2012

The Endowment Model of Investing

Yusko, Mark W.
Mark W. Yusko is the Founder, CEO and CIO of Morgan Creek Capital Management, LLC, a registered investment adviser formed in July 2004 to provide investment management and advisory services based on the University Endowment Model of investing to a diverse client base of institutional partners and family offices. With approximately $8 billion in assets under advisement, Morgan Creek is an active, global manager with a long-term philosophy consistent with the Endowment Model. The firm invests across all asset classes and strategies, from traditional equities and fixed income to alternatives, such as hedge funds, private equity, real estate and venture capital. From 1998 to 2004, Mr. Yusko served as the Chief Investment Officer for the University of North Carolina at Chapel Hill (UNC). He and is team, founded the UNC Management Company (UNCMC) in July of 2002 to provide comprehensive investment advisory services to the University, including strategic and tactical asset allocation, investment manager selection, manager performance evaluation, spending policy management and performance reporting. Prior to joining UNC, Mr. Yusko was the Senior Investment Director for the University of Notre Dame Investment Office, where he joined as the Assistant Investment Officer, in October of 1993. He worked with the Chief Investment Officer in all aspects of Endowment Management. Mr. Yusko received his B.S., with honors, in biology and chemistry from the University of Notre Dame in 1985 and a MBA in accounting and finance from The University of Chicago in 1987.   Profile
TWST: You founded Morgan Creek, is that correct?

Mr. Yusko: Yes, in the summer of 2004.

TWST: Why did you found the company?

Mr. Yusko: I had worked in the endowment