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Mark Yusko. Biography and career.

Nov 18, 2023
Mark Yusko. Biography and career.

Mark Yusko is a popular American investor who is also a hedge fund manager. He is also the Chief Investment Officer and Managing Director of Morgan Creek Capital Management.


Mark Yusko - His Biography

From 1993 to 1998, he was the Senior Director of Investments at the Investment Office of the University of Notre Dame. Yusko left Notre Dame in 1998 to head the University of North Carolina at Chapel Hill. From 1998 to 2004, Yusko was the founder and CEO of the UNC management company. Yusko left UNC to establish Morgan Creek Capital Management in 2004.

In 2004, Morgan Creek Capital Management, LLC, in partnership with Salient Partners LP, launched the Target Capital Fund. Having reached about $3.5 billion in assets, Yusko served as the Investment Director of the Fund until January 2013. Afterwards, he was dismissed due to poor performance of the fund.

Yusko frequently comments on the alternative investment industry and has appeared on CNBC, Bloomberg TV, Fox Business, and other major networks, as well as in newspapers including the New York Times and the Wall Street Journal. He advocates for the Endless Investment Model, which supports diversified strategies across asset classes and within each asset class in both public and private markets.

Mark's Career

The Morgan Creek Fund was established in 2005 and receives a portion of Morgan Creek Capital Management's profits each year. The fund provides grants to non-profit organizations focused on education, community organizations. In 2011, the Fund received the Chapel Hill-Carrboro Chamber of Commerce "Non-Profit Organization of the Year" award.

In 2009, Yusko and his wife Stacey founded the Hesburgh-Yusko Scholarship Program, a four-year merit-based scholarship and leadership development program, with a $35 million gift to the University of Notre Dame.

The Yusko's philanthropy was the third largest gift in the university's history and was significant enough to include them in the list of the largest American charitable contributions of 2009. The program awarded 25 scholarships in the spring of 2010 and 26 awards in the spring of 2011. Yusko also served on the boards of several North Carolina non-profits, including:

  • Carolina Meadows, a non-profit retirement community in Chapel Hill;
  • MCNC, a technology and economic development organization in the Research Triangle;
  • and the Weaver Foundation in Greensboro.

Mark Yusko's Views on Cryptocurrency

Mark Yusko, founder and CEO of Morgan Creek Capital Management, holds a strong and optimistic position regarding Bitcoin and cryptocurrencies in general. He believes that Bitcoin will eventually replace gold and reach a value of over $100,000. Despite the volatility and recent downturns in the cryptocurrency market, Yusko remains unshakable in his optimistic forecast for Bitcoin, envisioning its parabolic growth to six-figure prices.

Emphasizing his confidence in digital currency, Yusko also suggested that Bitcoin could potentially reach $250,000 within a decade and a half. This forecast highlights his view of Bitcoin not only as a viable asset, but also as significantly appreciating in the long term.

Yusko also expresses a broader optimistic view on the impact of cryptocurrencies in the global economy. He claims that cryptocurrencies will create more wealth than the internet, emphasizing his belief in their transformative and wealth-generating potential. This perspective positions cryptocurrencies not just as financial instruments, but as key elements in the future of the global economy and wealth creation.

Furthermore, Yusko is a firm advocate for the future of Bitcoin in particular and actively speaks out in support of the cryptocurrency, even against criticism from well-known figures such as Warren Buffett. His forecasts and opinions reflect a deep confidence in the potential and long-term value of cryptocurrencies, especially Bitcoin.


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