Endowment guru Yusko launches fund of hedge funds

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Mark Yusko, who resigned from his post as head of the University of North Carolina (UNC) at Chapel Hill’s endowment fund in mid-2004, is launching a registered fund of funds. His new firm, Morgan Creek Capital, will co-manage the Hatteras Multi-Strategy Fund with Hatteras Investment Partners, which, like Yusko, is based in North Carolina. “We wanted to build a single fund that allows individuals and institutions to gain exposure to a fully diversified portfolio of alternatives through one pa