Morgan Creek Debuts Mutual Fund

Morgan Creek Capital has released the first fact sheet on its new mutual fund.  The Morgan Creek Tactical Allocation Fund Class I (MUTF:MIGTX) was launched on August 15, and the fact sheet takes a look at the state of the mutual fund at the end of August. Performance in the first 15 days of operation wasn't particularly good, but the fact sheet lays out some of the fund's general plans going forward.

The Morgan Creek Tactical Allocation Fund Class I (MUTF:MIGTX) lost 1.5 percent of its value in its first fifteen days of operation. That's a poor return...