CHAPEL HILL–Mark Yusko, president and chief executive officer of the UNC Management Company Inc., which manages the University’s billion-dollar endowment and investments, will resign June 30.

UNC said Yusko, like many other successful university fund managers nationally, is leaving to start a private investment business.

Timothy B. Burnett, chair of the management company’s board said in a statement, “Mark has provided superb management to our investment fund, which has placed the university in a leadership position among our peers nationally,” “In his six years here, Mark built an outstanding professional staff of investment managers, and we are confident that the management company is well positioned for the future.”

Yusko started at Carolina as chief investment officer charged with creating an investment office to manage the university’s financial assets. That was a response to the growing size of the endowment and the increased complexity of the investment program. The university’s endowment passed the $1 billion mark for the first time in school history in 2000. Today, UNC-Chapel Hill’s endowment is valued at approximately $1.035 billion. The management company provides advice to the directors on how those funds are invested to provide a permanent stream of support for scholarships, professorships, departments
and programs at UNC-Chapel Hill.