Mark Yusko: Wiki, Bio, Net Worth, Quotes, And More

Mark Yusko.
Courtesy of MorganCreekCap.com.

 

Who Is Mark Yusko?

Mark W. Yusko is an American investor, hedge fund manager, and Bitcoin proponent. He is best known as the co-founder of investment management firm Morgan Creek Capital Management.

 

Mark Yusko Bio And Background

Mark Yusko graduated from the University of Notre Dame (located in Notre Dame, Indiana) in 1985 with a bachelor’s degree in biology and chemistry, according to the university’s website. He would go on to receive a Master of Business Administration (MBA) in Accounting and Finance from the University of Chicago.

According to Mark Yusko’s profile on the Morgan Creek Capital Management website, Yusko worked at the University of Notre Dame Investment Office from 1993 to 1998 – first as Assistant Investment Officer and then as Senior Investment Director.

In 1998, Yusko founded UNC Management Company – the endowment investment office for the University of North Carolina at Chapel Hill. From 1998 to 2004, Yusko served as the company’s President and Chief Investment Officer.

In 2004, Yusko co-founded Morgan Creek Capital Management. As of June 2021, Yusko was the Chief Executive Officer and Chief Investment Officer of the company.

In 2009, Mark Yusko and his wife Stacey established The Hesburgh-Yusko Scholars Program (a scholarship program) and gifted $35 million toward its creation at the University of Notre Dame.

As of June 2021, Yusko’s profile on the Morgan Creek website’s team overview section stated that the company had close to $2 billion in managed discretionary and non-discretionary assets.

In June 2018, Yusko predicted that Bitcoin would reach $500,000 by the end of 2024.

In May 2021, Yusko shared an updated estimate with CNBC. He believed Bitcoin could reach $250,000 within five years. He added that Bitcoin to him was more than a token of value:

It’s just about network adoption and increased usage. This is a network and networks grow in an exponential way. This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANGS that took, you know, 15 to 20 years depending on which one you look at.

 

What people miss is this is a technological evolution of computing power that isn’t going away,” he said. “It is a powerful computing network that is going to become the base layer protocol for the Internet of value.

Yusko perceived Bitcoin as the gold standard and the foundation of the crypto industry. At the same time, he thinks that many alternative tokens will eventually disappear.

So, yes, there’s room for a couple of protocols to survive, but there are 1000s of coins and Doge is in that category that really are useless, they’re just utility tokens that have no underlying value or use case and they’ll eventually disappear.

 

Mark Yusko’s Morgan Creek Capital Management

Morgan Creek Capital Management is described as follows on its website:

Morgan Creek Capital Management, LLC is a SEC-registered investment adviser providing investment management services to institutional and qualifying clients such as endowments, pension plans, foundations and family offices. We provide customized investment solutions to clients in need of a targeted investment program, as well as discretionary strategies to assist clients in building investment programs based on the University Endowment Model. We provide asset allocation, manager selection, and portfolio construction.

On the same page, the company writes that the “Endowment Model” is characterized “by a focus on asset allocation as the primary driver of return, a value orientation, an appreciation for the liquidity premium, an opportunistic approach to assessing the role of investments within a portfolio, and a forward-thinking, dynamic ability to continuously challenge conventional thinking.”

Morgan Creek Capital Management operates Morgan Creek Digital (MCD) – a subdivision focused on “transformational” technologies such as blockchain, artificial intelligence, and digital assets. When it comes to digital assets, Morgan Creek Digital’s investments include cryptocurrencies, decentralized finance (DeFi), and Non-Fungible Tokens (NFTs; Mike “Beeple” Winkelmann’s $69 million “Everydays: the First 5000 Days” is an example of an NFT).

The MCD investment portfolio includes cryptocurrency Bitcoin, brokerage company eToro, cryptocurrency exchange platform Coinbase, and the Provenance DeFi ecosystem.

Morgan Creek Capital Management has also invested in ventures through Morgan Creek Venture. The fund’s venture investments include aerospace company SpaceX, eCommerce enterprise Alibaba, and ridesharing platforms Lyft and Uber.

 

Mark Yusko Net Worth

Mark Yusko’s net worth is unknown. As of June 2021, Morgan Creek Capital Management managed $2 billion in discretionary and non-discretionary assets.

 

Online Presence And Publicity

Mark Yusko is present on Twitter where he posts regularly.

In 2018, Yusko discussed the hedge fund industry with Raoul Pal in the latter’s show Real Vision.

Yusko was featured on the Bankless podcast in May 2020.

 

 

 

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