Mark W. Yusko Explained

Mark Yusko
Alma Mater:University of Notre Dame
University of Chicago
Occupation:Investor, hedge fund manager, and philanthropist
Years Active:1993-present

Mark W. Yusko is an American investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management, an investment management firm that advises pension funds, endowments and wealthy individuals.

Investment career

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 founder and chief executive of the UNC Management Company. Yusko left UNC to found Morgan Creek Capital Management in 2004.[1]

In 2004, Morgan Creek Capital Management, LLC partnered with Salient Partners LP to start The Endowment Fund. After reaching about $3.5 billion in assets, Yusko served as chief investment officer for the Fund until January 2013, when Yusko was removed for poor fund performance.[2] Large redemptions by investors prompted The Endowment Fund in October 2012 to announce that investor withdrawals would be limited.[3] In 2014, The Endowment Fund announced that investors could withdraw from the fund, but at significant discounts.[4] [5]

Yusko is a frequent commentator on the alternative investment industry and has appeared on CNBC, Bloomberg TV, Fox Business, and other major networks as well as in newspapers including the New York Times and Wall Street Journal.[6] [7] [8] [9] [10] He 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.[11]

Wealth and 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.[12] In 2011, the Foundation received the Chapel Hill-Carrboro Chamber of Commerce's "Non-Profit of the Year" award.[13]

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.[14] [15] The Program gave 25 scholarship awards in Spring 2010 and 26 awards in Spring 2011.[16] [17]

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.[18]

See also

Further reading

External links

Notes and References

  1. Web site: Morgan Creek Capital Management Investment Team . 2011-06-21 . https://web.archive.org/web/20120126180552/http://www.morgancreekcap.com/index2.asp?cod=1001# . 2012-01-26 . dead .
  2. https://www.wsj.com/articles/SB10001424127887323940004578257923986699016 "Yusko Out as Investment Chief at Endowment Fund"
  3. News: Endowment Fund, Run by Mark Yusko, Limits Withdrawals. Creswell. Julie. 2012-10-30. The New York Times. 2017-09-15. en-US. 0362-4331. 2017-09-16. https://web.archive.org/web/20170916053627/http://www.nytimes.com/2012/10/31/business/endowment-fund-run-by-mark-yusko-limits-withdrawals.html. live.
  4. News: RPT-Endowment Fund offers clients ways to exit after sluggish return. 2014-02-24. Reuters. 2017-09-15. 2017-09-16. https://web.archive.org/web/20170916053004/https://www.reuters.com/article/endowmentfund/rpt-endowment-fund-offers-clients-ways-to-exit-after-sluggish-return-idUSL1N0LT24P20140224. live.
  5. News: Merrill Lynch Hedge Fund Investors Offered Opportunity To Exit The Endowment Fund With Substantial Losses - Silver Law Group. 2014-03-07. Silver Law Group. 2017-09-15. en-US. 2017-09-16. https://web.archive.org/web/20170916052658/http://silverlaw.com/blog/merrill-lynch-hedge-fund-investors-offered-opportunity-to-exit-the-endowment-fund-with-substantial-losses/. live.
  6. http://video.cnbc.com/gallery/?video=3000033219 "Most Fund of Funds Don't Add Value: Morgan Creek CEO."
  7. http://bloom.bg/RzDCM2 "Morgan Creek's Yusko Seeks 'Protege' Fund Managers."
  8. https://video.foxbusiness.com/v/6267444873001#sp=show-clips "Federal crypto regulation would 'force' jobs, development outside US: Market expert."
  9. https://blogs.wsj.com/privateequity/2012/01/25/buyout-pros-contemplate-an-industry-under-the-glare-during-romney-campaign/ "Buyout Pros Contemplate An Industry ‘Under The Glare’ During Romney Campaign,"
  10. https://www.nytimes.com/2007/04/24/business/24hedge.html?pagewanted=all "Top Hedge Fund Managers Earn Over $240 Million," by Jenny Anderson and Julie Creswell.
  11. http://video.cnbc.com/gallery/?video=3000097268 "Four Ways to Increase Pension Returns."
  12. "Stealth funder focuses on education" in Philanthropy Journal. June 30, 2010. Web site: Stealth funder focuses on education | Philanthropy Journal . 2011-01-20 . dead . https://web.archive.org/web/20101220185126/http://philanthropyjournal.org/nc/ncnews/stealth-funder-focuses-education . 2010-12-20 .
  13. http://www.chapelhillnews.com/2011/01/30/v-print/62196/chamber-names-top-local-businesses.html "Chamber Names Top Local Businesses"
  14. "Alumni couple creates scholars program with $35 million gift to Notre Dame" from ND Newswire. August 27, 2009. http://newsinfo.nd.edu/news/12139-alumni-couple-creates-scholars-program-with-35-million-gift-to-notre-dame/
  15. "Slate 60: Donor Bios." Feb 5, 2010 . Slate . 5 February 2010 . January 20, 2011 . January 31, 2011 . https://web.archive.org/web/20110131054656/http://www.slate.com/id/2243496/pagenum/all/#p2 . live .
  16. https://web.archive.org/web/20101118031942/http://hesburgh-yusko.org/sub/class2014.html "The Hesburgh-Yusko Scholars Program Class of 2014."
  17. https://web.archive.org/web/20110726150705/http://hesburgh-yusko.org/Sub/class2015.html "The Hesburgh-Yusko Scholars Program Class of 2015."
  18. http://www.weaverfoundation.com/foundation/directors.php "The Weaver Foundation Directors and Officers."

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