Duke’s Endowment Chief Follows Ex-Harvard, Stanford Money Men Into Private Practice

Nov 14 2006 | 10:37am ET

The head of Duke University’s endowment is looking for his own piece of the ballooning hedge fund pie.

After watching his peers at Harvard University and Stanford University strike out on their own with two of the largest hedge fund launches in history, Duke University Management Co. CEO Thurston Morton will retire at the end of the year to start his own firm. Morton has run the $7.5 billion endowment—the third-best performer among large university endowments last year, up 20.2%—for six years.

He’ll be replaced by the man who’s overseen Duke’s hedge fund portfolio, Neal Triplett, a Duke alum who joined the endowment six years ago from Wachovia Bank.

Unlike Harvard’s Jack Meyer, who took 32 of his employees with him to Convexity Capital Management, or Stanford’s Michael McCaffrey, who took two to Makena Capital Management, a Duke spokesman told Bloomberg News that he did not expect Morton to poach any of Duke’s 27 endowment staffers.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note