Monday, 30 November 2015
Last updated 2 days ago
Jul 21 2006 | 5:41pm ET
Morgan Creek Capital Management is gearing up to launch a fund-of-hedge funds by summer's end that will invest in the "best of breed" emerging hedge fund managers.
Mark Yusko, president of the firm, said the new vehicle will invest in energy trading funds and other sectors that are less transparent than equities markets. Yusko told attendees at a recent conference sponsored by the Strategic Research Institute that new regulations requiring more reporting on equities has taken away the advantage hedge funds had in the markets. He believes that the energy markets are a better bet.
Just last week the Chapel Hill, N.C.-based Morgan Creek unveiled a new fund that targets emerging markets. The "BRIC" fund (Brazil, Russia, India and China) launched with $75 million in assets under management.
Morgan Creek was founded in 2004 by Yusko, who was formerly chief investment officer of the University of North Carolina at Chapel Hill. The firm is part-owned by famed hedge fund manager Julian Robertson, chairman and ceo of Tiger Management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…