Mark W. Yusko

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Mark W. Yusko is the Founder, Chief Investment Officer, and Chief Executive Officer of Morgan Creek Capital Management, LLC, an SEC-registered investment management firm that advises pension funds, endowments and wealthy individuals. Yusko is a proponent of the Endowment Model of investing, which favors diversified strategies by asset class and within each asset class in both public and private markets.[1]

Career

Yusko received his Bachelor of Science Degree, with Honors, in Biology and Chemistry from the University of Notre Dame in 1985. He also received a Master of Business Administration in Accounting and Finance from the University of Chicago. From 1993 to 1998, he was a Senior Investment Director at the University of Notre Dame Investment Office. Yusko left Notre Dame in 1998 to head the endowment office at The University of North Carolina at Chapel Hill. From 1998 to 2004, Yusko was President, Chief Investment Officer and Founder of UNC Management Company. Yusko left UNC to found Morgan Creek Capital Management in 2004.[2]

In 2004, Morgan Creek Capital Management, LLC partnered with Salient Partners LP to start The Endowment Fund. Yusko served as chief investment officer for the Fund until January 2013, when he stepped down from the position. He remains on the Investment Committee of the Fund.

“After nearly a decade of working with our joint venture partner in Texas, we found ourselves differing on material aspects of how to best run an Endowment portfolio and run the business, so we decided that a change was appropriate,” Yusko wrote in a letter to investors, a copy of which was obtained by Bloomberg News.[3]

Yusko is a frequent commentator on the alternative investment industry and has appeared on CNBC, Bloomberg TV and other major networks as well as in newspapers including the New York Times and Wall Street Journal.[4][5][6][7]

Philanthropy

  • The Morgan Creek Foundation: The Morgan Creek Foundation was established in 2005 and receives a portion of the profits of Morgan Creek Capital Management each year. The Foundation awards grants to education-focused, community-based, non-profit organizations.[8] In 2011, the Foundation received the Chapel Hill-Carrboro Chamber of Commerce's "Non-Profit of the Year" award.[9]
  • The Hesburgh-Yusko Scholars Program: In 2009, Yusko and his wife, Stacey, founded The Hesburgh-Yusko Scholars Program, a four-year, merit-based scholarship and leadership development program, with a $35 million gift to the University of Notre Dame. The Yuskos’ benefaction was the third-largest gift in the University’s history and was substantial enough to land them on the Slate 60 list of the largest American charitable contributions of 2009.[10][11] The Program gave 25 scholarship awards in Spring 2010 and 26 awards in Spring 2011.[12][13]
  • Yusko has also served on the boards of several North Carolina-based non-profits, including Carolina Meadows, a non-profit retirement community in Chapel Hill; MCNC, a technology and economic-development organization in the Research Triangle Park; and the Weaver Foundation, in Greensboro.[14]

References

  1. ↑ "Four Ways to Increase Pension Returns." CNBC. Aired June 22, 2012
  2. ↑ Morgan Creek Capital Management Investment Team
  3. ↑ http://www.bloomberg.com/news/2013-01-22/yusko-to-step-down-as-investment-chief-of-endowment-fund.html
  4. ↑ "Most Fund of Funds Don't Add Value: Morgan Creek CEO." CNBC. Aired July 14, 2011
  5. ↑ "Morgan Creek's Yusko Seeks 'Protege' Fund Managers." Bloomberg TV. Aired Sept. 20, 2012
  6. ↑ "Buyout Pros Contemplate An Industry ‘Under The Glare’ During Romney Campaign," by Michael Wursthorn, Wall Street Journal. Jan. 25, 2012
  7. ↑ "Top Hedge Fund Managers Earn Over $240 Million," by Jenny Anderson and Julie Creswell. New York Times. April 24, 2007.
  8. ↑ "Stealth funder focuses on education" in Philanthropy Journal. June 30, 2010.
  9. ↑ "Chamber Names Top Local Businesses"
  10. ↑ "Alumni couple creates scholars program with $35 million gift to Notre Dame" from ND Newswire. August 27, 2009.
  11. ↑ "Slate 60: Donor Bios." Feb 5, 2010
  12. ↑ "The Hesburgh-Yusko Scholars Program Class of 2014."
  13. ↑ "The Hesburgh-Yusko Scholars Program Class of 2015."
  14. ↑ "The Weaver Foundation Directors and Officers."

Further reading

  • Burton, Katherine (2010). “Mark Yusko: What it Takes to Be the Best” in Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning. ISBN 1-57660-245-1
  • Kochard, Lawrence and Cathleen Ritterieser (2008). “Invest without Emotion, Act with Conviction” in Foundation and Endowment Investing. ISBN 0-470-12233-1

External links

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