Mark Yusko, chief executive of Morgan Creek Capital Management, a $10 billion fund of funds, talks on CNBC’s Strategy Session about the fund of funds business, how his firm evaluates managers and what hedge fund strategies are working right now.

“We do look at what I call the ‘red Ferrari syndrome,’” Yusko says. “If you buy a red Ferrari, we’re likely not going to be invested with you any more because we liked you when you drove the Toyota pickup truck.”

Yusko also said three strategies are really working right now: hedging against sovereign debt default, fundamental long/short and pre-IPO mezzanine financing.

This entry was posted on Thursday, July 14th, 2011 at 2:36 pm and is filed under Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.