Hedge Fund Focus

Background Information

• Manger:  Morgan Creek Capital Management, LLC
• Public/Private: Private
• Website: http://www.morgancreekcap.com/
• Location: Chapel Hill, North Carolina
• AUM: $9.8 billion
• Registration: SEC registered; North Carolina notice filing
• Strategies: various hedge fund strategies
• Important Personnel: Mark Yusko, Dennis Miner, William Watts
• Funds:  Morgan Creek Partners Co-Investment Fund I, LP; Morgan Creek Dislocation Fund, LP; Tiger Select Absolute Return Enhanced Fund, LP; Morgan Creek Partners III, LP; Tiger Select Absolute Return Fund, LP; Morgan Creek Partners I, LP; Tiger Select Opportunity Fund, LP; Morgan Creek Partners II, LP; Tiger Select BRIC Plus Fund, LP; Morgan Creek Partners IV, LP
• Form ADV:  http://www.adviserinfo.sec.gov/IAPD/Content/ViewForm/ADV/Sections/iapd_AdvAllPages.aspx?ORG_PK=01A725C80008014B01CBE66002775DE9056C8CC0&STATE_CD=&TOTAL_DRPS=0&Print=Y
• Other:

Description From Website

Morgan Creek Capital Management, LLC is a registered investment adviser, providing investment management and advisory services based on the University Endowment Model of investing to wealthy families, individuals and institutional investors. We provide advice on asset allocation, manager selection and portfolio construction through advisory relationships and discretionary strategies.

Investment Philosophy

Morgan Creek builds portfolios around a set of fundamental investment tenets that make up the foundation of the programs we deliver to our clients. We believe institutions and wealthy families should benefit from access to the same investment approach and investment talent utilized by the largest university endowment programs.

• Diversification of the portfolio, by asset class and within each asset class, can increase return and reduce risk through the reduction of portfolio volatility.
• The integration of Alternative Investments into a traditional portfolio can reduce downside risk and result in access to talented investment managers.
• Although generally efficient, markets contain pockets of inefficiency that can be exploited through Active Management and Tactical Asset Allocation.

Mark Yusko

President and Chief Investment Officer

Prior to forming Morgan Creek, Mr. Yusko was President, Chief Investment Officer and Founder of UNC Management Company, the Endowment investment office for the University of North Carolina at Chapel Hill, from 1998 to 2004. Throughout his tenure, he directly oversaw strategic and tactical asset allocation recommendations to the Investment Fund Board, investment manager selection, manager performance evaluation, spending policy management and performance reporting. Total assets under management were $1.5 billion ($1.2 billion in endowment assets and $300 million in working capital). Until 1998, 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. Mark received his Bachelor of Science Degree, with Honors, in Biology and Chemistry from the University of Notre Dame and a Masters of Business Administration in Accounting and Finance from the University of Chicago.

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Articles on Morgan Creek by Hedge Fund Focus:

• Hedge Fund Morgan Creek Adds Strategist