Meet Morgan Creek CEO and CIO Mark W. Yusko

Mark W. Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, LLC. Prior to forming Morgan Creek in 2004, 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. 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. Mr. Yusko is the President and Chairman of the Investment Committee of The Hesburgh-Yusko Scholars Foundation at the University of Notre Dame, and President and Head of Investment Committee of the Morgan Creek Foundation.

Morgan Creek Capital Management, LLC is a SEC-registered investment adviser providing investment management services to institutional and qualifying clients such as endowments, pension plans, foundations and family offices. We provide customized investment solutions to clients in need of a targeted investment program, as well as discretionary strategies to assist clients in building investment programs based on the University Endowment Model. We provide asset allocation, manager selection, and portfolio construction. Morgan Creek’s global investment solutions and strategies incorporate our investor experience, access to what we believe to be a top-tier manager network, international presence and history with asset allocation. Morgan Creek is based in Chapel Hill, North Carolina with additional offices in New York, London and Shanghai.

Morgan Creek Capital Management, LLC is a SEC-registered investment adviser providing investment management services to institutional and qualifying clients such as endowments, pension plans, foundations and family offices. We provide a customized investment solutions to clients in need of a targeted investment program, as well as discretionary strategies to assist clients in building investment programs based on the University Endowment Model. We provide Asset Allocation, Manager Selection, and Portfolio Construction. Morgan Creek’s global investment solutions and strategies incorporate our investor experience, access to what we believe to be a top-tier manager network, international presence and history with asset allocation.  Morgan Creek is based in Chapel Hill, North Carolina with additional offices in New York, London and Shanghai.

Morgan Creek was founded in July 2004 by Mark W. Yusko, former Chief Investment Officer of The University of North Carolina at Chapel Hill ("UNC") Endowment. The core of the Morgan Creek investment team has worked together in a fiduciary capacity for many years managing one of the most complex endowment management programs in the country. Mr. Yusko and Managing Director Mike Hennessy were responsible for building the Investment Office and subsequent Management Company operations for the UNC Endowment, and they worked closely with the Investment Fund Board to develop investment policy, set goals and objectives, establish a strategic framework, select investment managers and manage portfolio risk. Nearly a quarter of our investment team have endowment backgrounds at some of the top university programs in the country (Notre Dame, UNC, Duke, Stanford, Ewing Kauffman Foundation and Vulcan Capital), while other members of the team have institutional and private wealth investment experience. We believe this combination of experiences has provided the firm with one of the strongest investment teams in the world. At Morgan Creek, we believe that we are first and foremost investors, not simply allocators of capital. As investors, we make active investment decisions to add value within our clients' portfolios and our discretionary funds. These investment decisions and active asset allocation shift based upon our views of the economy and market environment. Morgan Creek offers other competitive advantages and differentiators such as:

  • Experience managing assets in fiduciary capacity
  • Knowledge in alternative assets
  • Access to what we consider to be top-tier managers
  • World-class globally-based investment team

Morgan Creek's investment process and strategy embraces the Endowment Model, which is characterized by a focus on asset allocation as the primary driver of return, a value orientation, an appreciation for the liquidity premium, an opportunistic approach to assessing the role of investments within a portfolio, and a forward-thinking, dynamic ability to continuously challenge conventional thinking. Our investment philosophy comes from decades of experience leading the investment programs of some of the top university endowments in the country. We believe that investors should have the potential to benefit from access to the same sophisticated investment approach and talent as the largest university endowment programs.

Morgan Creek's investment process and strategy embraces the Endowment Model, which is characterized by a focus on asset allocation as the primary driver of return, a value orientation, an appreciation for the liquidity premium, an opportunistic approach to assessing the role of investments within a portfolio, and a forward-thinking, dynamic ability to continuously challenge conventional thinking. Our investment philosophy comes from decades of experience leading the investment programs of some of the top university endowments in the country. We believe that investors should have the potential to benefit from access to the same sophisticated investment approach and talent as the largest university endowment programs.

The central tenets of our investment philosophy are we believe that:

  • Diversification of a portfolio, by asset class and within each asset class, has the potential to increase return and minimize risk through the reduction of portfolio volatility.
  • Integration of alternative investments into a traditional portfolio may reduce downside risk while resulting in access to talented investment managers.
  • Although generally efficient, markets contain pockets of inefficiency that may potentially be exploited through active management and tactical asset allocation.

We believe it is important to highlight that we do not believe that "alternative investments" are a separate asset class. Fundamentally, we believe that there are only four broad asset classes: equities, bonds, currencies, and commodities. What most investors classify as "alternatives," we simply view as different delivery vehicles and structures that may be utilized to obtain exposure to traditional asset classes. We believe that such structures allow for greater alpha realization, reduce downside risk, and expand the set of investment managers available, as we believe many of the most talented investment managers are accessible only through alternative structures.

Our corporate culture is founded on an enthusiasm to achieve, a passion for investing, and competitive spirit. We are entrepreneurs, thought leaders and global citizens. We have a performance-driven culture that recognizes and rewards achievement, and encourages everyone to act and think like owners. "Creekers" work hard, but we are humanistic, valuing our families and our communities. Our culture begins with who we hire. We have a collaborative hiring process, seeking to ensure that every new “Creeker” shares our values of excellence and integrity. We believe that open communication across the firm is essential to maintaining a world-class firm.

Our corporate culture is founded on an enthusiasm to achieve, a passion for investing, and competitive spirit. We are entrepreneurs, thought leaders and global citizens. We have a performance-driven culture that recognizes and rewards achievement, and encourages everyone to act and think like owners. "Creekers" work hard, but we are humanistic, valuing our families and our communities. 

Our culture begins with who we hire. We have a collaborative hiring process, seeking to ensure that every new “Creeker” shares our values of excellence and integrity. 

We believe that open communication across the firm is essential to maintaining a world-class firm. We hold regular Friday lunches for Creekers to meet up in a more social atmosphere as well as other informal social events. 

Our offices are designed to encourage collaboration and teamwork. They are relaxed and comfortable spaces with lots of light, natural wood and color. We have plenty of large open spaces with fireplaces, comfortable furniture, and other social spaces. 

We appreciate our communities and value the opportunity to give back. In addition to Morgan Creek’s charitable foundation, we are regular sponsors of local charities including the Ronald McDonald House, the UNC Lineberger Cancer Center, Meals on Wheels and Habitat for Humanity, where we have enjoyed building houses as a group. We provide all employees with two paid volunteer days a year and match employees contributions to universities and colleges.  

We are proud of the culture we have built at Morgan Creek, where every employee is committed to putting clients' needs first.

   
     

Career Opportunities

Morgan Creek is a global investment management organization where talented professionals thrive and grow. As we continue to expand our global presence, positions at both the junior and senior levels open from time to time. We are continually interested in open dialogues with talented professionals in the following areas: investments, client service, investor relations, marketing and operations. We are a very competitive firm and look to hire smart, passionate people who want to add value and strengthen our organization. If, after reviewing our investment philosophy, you feel your background and experience could be relevant to us, please feel free to submit your resumé and cover letter with salary requirements to recruiting@morgancreekcap.com. We will be in touch if we think your background could be a good fit for our global organization.

Summer & Year-Round Internship Programs

Morgan Creek offers summer and year-round internships in every department of our firm for qualified college students who are looking for real-world investment experience. If you are interested in applying for one of our paid internship positions, please send your resumé and cover letter specifying your area of interest to recruiting@morgancreekcap.com.

Personal details