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UPDATED 8/10/04: The Gospel According to Mark Yusko

Mark Yusko radically overhauled -- and improved -- the University of North Carolina's investment portfolio. So why did he leave?

It's a sultry early May morning, and Memphis, Tennessee, is wilting under white skies as a buoyant, freshly pressed Mark Yusko strides onto the ballroom stage of the Civil War­era Peabody Hotel. He fairly radiates energy. In six years as investment chief, he overhauled the portfolio of the University of

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