Chapel Hill, North Carolina’s Morgan Creek Capital Management, founded in 2004 by chief executive and chiefinvestment officer Mark Yusko, managing director Michael Hennessy, former chief operating officer Neil (Dutch) Kuyper and former head of marketing Dennis Miner, stands out from its fund-of-funds competitors thanks to its unusual investing style. The firm uses the endowment model of investing, allocating across a broad and diverse range of alternative asset classes within traditional equity and fixed income portfolios. Yusko and Hennessy managed the University of North Carolina at Chapel Hill’s endowment for several years together. Yusko spent five years as senior investment director at the University of Notre Dame’s endowment office through 1998 before becoming president, CIO and founder of UNC Management, where Hennessy served as vice president of investment…