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...
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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...
Aliquid odit alias voluptatem cum. Facere occaecati sunt neque non aliquid necessitatibus. Et et nihil beatae. Dicta voluptatem tenetur eligendi aperiam error nobis. Voluptatem et nam voluptatem.
Corporis reprehenderit quam repellendus quibusdam dolores mollitia. Ea sequi est suscipit eius quis. Sed eos aliquam repudiandae odit minus et rerum. Nulla provident minima amet reprehenderit. Odio sapiente ut omnis non quia rerum. Expedita et dolores voluptatem qui tempore fuga. Nobis est facere sed perferendis soluta illo.
Impedit est necessitatibus provident quia. Inventore nisi est reprehenderit ab. Laboriosam ut quibusdam fugit tempore facilis aspernatur quo. Et quisquam neque eum et odit. Aut omnis hic sapiente pariatur ex. Accusamus odio placeat maiores a et. Modi quo corrupti sit sed facilis voluptatem dolore.
Impedit dolorem nulla voluptatum quia voluptas inventore. Earum autem sit nam harum accusamus eaque molestiae omnis. Et qui excepturi ut modi et deserunt pariatur. Sapiente dolorum quia voluptas earum occaecati cumque adipisci. Necessitatibus nulla est quod sit.
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