Welcome to Morgan Creek Funds

Yusko discusses Yahoo as a potential takeover target on Fox News

Mark Yusko discusses “Where to Invest in Tech” on Fox Business

Babson’s Brilliance and #WelcomeToHooverville

Q4 2016 Market Review & Outlook
Mark W. Yusko, CEO & CIO

The first time I heard the name Babson was in 1980 when I was a senior in high school in Weston, Connecticut (serendipitous given some of the themes of this letter and coinciding with Reagan’s election). I was on a bus with my soccer team headed to Massachusetts to play weekend scrimmages against Babson College and Brandeis University. Our coach had convinced our parents that this was a college tour and showcase event where the college coaches would be evaluating us as potential recruits. We learned (the hard way) the real reason for the trip was to help break the complacent attitude the team developed after going undefeated the previous season. Coach felt we were overconfident as we entered the new season, and he intended to show us that we didn’t even know what we didn’t know about the game of soccer. The bus trip was awesome, the first night in the dorm at Babson was amazing and we were pretty ebullient as we sauntered onto the field on Saturday morning. Most of us had never even heard of Babson College. How good could they be? We were the WCC Champions. This was going to be a great day for the Trojans. It turns out that overconfidence kills (in sports, investing, and pretty much everything else).

Morgan Creek Global Equity Long/Short Fund
Tax Reporting: Form 1099
Management Fee:

0.25%
(Waived from 1.00%)
Incentive Fee: None
Lock-up: None
Minimum Initial Investment: $50,000
(25k incremental amounts)
Liquidity:



Quarterly with 95-day notice via tender offer, at the discretion of the Board of Trustees
Structure:



Registered Investment Company ("RIC")
(Registered under the 1933 and 1940 Act)
Morgan Creek Tactical Allocation Fund
  • Class A

    Symbol: MAGTX
    NAV: $10
    Change: -.09
    As of Date: 9/06/2013
    Inception Date: 9/19/2013
    Minimum Investment: $2,000
    Fiscal Year End: March 31
    Liquidity: Daily
    Structure: Mutual Fund
    An alternative mutual fund expressing Morgan Creek's global views on asset allocation
  • Class I

    Symbol: MIGTX
    NAV: $10.79*
    Change: -.09
    As of Date: 9/06/2013
    Inception Date: 8/15/2013
    Minimum Investment: $1 Million (Class I)
    Fiscal Year End: March 31
    Liquidity: Daily
    Structure: Mutual Fund
    An alternative mutual fund expressing Morgan Creek’s global views on asset allocation

    *Subject to the discretion of the advisor
  • Class C

    Symbol: MCGTX
    NAV: $10
    Change: -.09
    As of Date: 9/06/2013
    Inception Date: TBD
    Minimum Investment: TBD
    Fiscal Year End: TBD
    Liquidity: TBD
    Structure: TBD