The Great Rotation Stocks to Consumption

Published on
March 9th, 2017
Duration
67 minutes

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32

The Great Rotation Stocks to Consumption

The Interview ·
Featuring Michael Green

Published on: March 9th, 2017 • Duration: 67 minutes

Michael Green, Portfolio Manager at Thiel Macro, has a stark warning for investors, as demographic forces combine with what has been a trillion-dollar rotation from active to passive managers over the past 12 months. As baby boomers pass the age of seventy they are hugely incentivized to stop working and as withdrawals step up, the selling increases, in the move from financial assets to consumption. Filmed on February 18, 2017 in the Cayman Islands.

Comments

Chapters

  1. 00:00:52
    Active vs Passive Management
  2. 00:11:49
    Financial System
  3. 00:22:22
    Pension System
  4. 00:41:33
    The Great Rotation
  5. 00:50:22
    Demographics, Consumption & Wealth

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Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets.

Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation.

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