had the pleasure of hearing a talk by Yusko a few months ago guy is incredibly charismatic and opinionated. Loves going against conventional wisdom. Firm is very into Alternatives (HF/PE), he loves gold, and also making direct resource/infrastructure investments in emerging markets. Basically into everything although he said he hated large-cap US. Certainly one of the most respected AM's out there.
They were originally partnered with Julian Robertson of Tiger Management. I think Mark is a mentor of Julians (don't quote me) and they had a falling out and split. They're a fund of funds so they invest with other fund managers (i.e. paulson, icahn, soros, etc). From things I've read online, Mark is quite the bear. They also just closed an Asian fund after 2 years with a profit of about 220m from an original investment of 24m.
I had what I like to term a practice interview with them, interviewed with no intent on taking the position, my senior year of college. They're a spin off of the UNC Endowment Office, and if I recall correctly their big buzzword was "endowment style investing." Essentially they help high net worth individuals, and poorly managed university endowments to invest in a manner that mimics endowments. I think they would best be termed a money manager rather than a hedge fund. Largely they bring in a few analysts from the big four Carolina schools, Duke, UNC, Wake, and Davidson.
They are not a spin off of the UNC endowment office. Yusko started this firm and has done extremely well, to the point that they manage a good portion of UNC's endowment as well as other schools. The firm is full of guys who had careers on Wall Street but wanted to get out of New York and to the south. Most of the high ups are millionaires many times over. I have heard that they are more quant based than a lot of other internships might be. But I also know that their recruiting has been finished for months...
Eum ratione qui id reprehenderit quo non. Sunt qui iste rerum.
Ut sunt quibusdam voluptatum quo. Qui necessitatibus autem corrupti magni eos. Reiciendis neque quae sint eius odio est sed.
Dolorem nobis sint eaque et. Id maxime et quos itaque voluptatem. In in eligendi qui pariatur excepturi doloremque a asperiores.
Vel ut voluptates nemo architecto unde tenetur labore nisi. Hic eveniet saepe quidem cumque. Necessitatibus ducimus omnis quo enim aut quia. Architecto occaecati quo aut vero ducimus natus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
based in NC right? Aren't they a fixed income fund?
legit - bunch of Uchi, Kellog, & HBS guys there- and Mark Yusko is the head - badass.
Bump: This thread seems a bit old. What you you monkeys think about Morgan Creek these days?
had the pleasure of hearing a talk by Yusko a few months ago guy is incredibly charismatic and opinionated. Loves going against conventional wisdom. Firm is very into Alternatives (HF/PE), he loves gold, and also making direct resource/infrastructure investments in emerging markets. Basically into everything although he said he hated large-cap US. Certainly one of the most respected AM's out there.
They were originally partnered with Julian Robertson of Tiger Management. I think Mark is a mentor of Julians (don't quote me) and they had a falling out and split. They're a fund of funds so they invest with other fund managers (i.e. paulson, icahn, soros, etc). From things I've read online, Mark is quite the bear. They also just closed an Asian fund after 2 years with a profit of about 220m from an original investment of 24m.
Morgan Creek Capital Questions (Originally Posted: 05/27/2013)
Is anyone familiar with Morgan Creek Capital Management? It's a fund of hedge funds based out of Chapel Hill, NC run by Mark Yusko with AUM around seven billion dollars.
Any general thoughts on this fund?
I had what I like to term a practice interview with them, interviewed with no intent on taking the position, my senior year of college. They're a spin off of the UNC Endowment Office, and if I recall correctly their big buzzword was "endowment style investing." Essentially they help high net worth individuals, and poorly managed university endowments to invest in a manner that mimics endowments. I think they would best be termed a money manager rather than a hedge fund. Largely they bring in a few analysts from the big four Carolina schools, Duke, UNC, Wake, and Davidson.
Thank you. I really appreciate it. What would be more beneficial for BB recruiting - an internship here or an internship at a big name PWM firm?
They are not a spin off of the UNC endowment office. Yusko started this firm and has done extremely well, to the point that they manage a good portion of UNC's endowment as well as other schools. The firm is full of guys who had careers on Wall Street but wanted to get out of New York and to the south. Most of the high ups are millionaires many times over. I have heard that they are more quant based than a lot of other internships might be. But I also know that their recruiting has been finished for months...
Eum ratione qui id reprehenderit quo non. Sunt qui iste rerum.
Ut sunt quibusdam voluptatum quo. Qui necessitatibus autem corrupti magni eos. Reiciendis neque quae sint eius odio est sed.
Dolorem nobis sint eaque et. Id maxime et quos itaque voluptatem. In in eligendi qui pariatur excepturi doloremque a asperiores.
Vel ut voluptates nemo architecto unde tenetur labore nisi. Hic eveniet saepe quidem cumque. Necessitatibus ducimus omnis quo enim aut quia. Architecto occaecati quo aut vero ducimus natus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...