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Morgan Creek hikes buy-in to $200 million

By Polya Lesova
October 11, 2006, 6:01 AM EST
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Hedge fund Morgan Creek Capital Management LLC has raised the minimum investment requirement for its wealthiest clients to $200 million, according to published reports.

The small number of high net-worth investors who pay that minimum receive the rights to customized asset allocation, portfolio construction, choice of external managers and oversight of results, reports said.

Morgan Creek, based in Chapel Hill, N.C., manages more than $2 billion in assets and employs 30 people.

Mark W. Yusko founded Morgan Creek in July 2004.

Previously, he was chief investment officer of the $1.2 billion endowment of the University of North Carolina at Chapel Hill.



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