Morgan Creek Capital Management has hired Michael Forstl as a managing director and head of intermediary distribution. Forstl is a former senior vice president and head of independent and regional broker dealer distribution at ING Investment Management.
CHAPEL HILL, N.C., Jan. 13, 2015 /PRNewswire/ — Morgan Creek Capital Management is pleased to announce that Michael Forstl has joined the firm as a Managing Director and Head of Intermediary Distribution. In his new role, Mr. Forstl will lead the firm’s wealth management distribution efforts as well as designing new products that leverage Morgan Creek’s unique approach to investing and asset management.
Mr. Forstl brings over 25 years of experience in the sale and distribution of a wide array of investment solutions. Most recently, he consulted for financial institutions on the development, launch and distribution of new and existing products. His efforts included working with UBS, BNY Mellon, Richard Bernstein Advisors, and ETF Global.
“When it comes to relationships and distribution, Michael is one of the best in the industry. We’re excited to have him on board to help expand and enhance the Morgan Creek family of offerings, with a particular emphasis on liquid alternatives,” said Mark W. Yusko, Founder, CEO and Chief Investment Officer of Morgan Creek.
“Mark and the Morgan Creek team have a tremendous reputation as skilled investment managers, and I’m honored to be joining the team,” said Mr. Forstl. “Liquid alternative offerings are in high demand, and advisors are looking for top of the line solutions which Morgan Creek can provide.”
Prior to his private consultative services, Mr. Forstl was Senior Vice President, Head of Independent and Regional Broker Dealer Distribution at ING Investment Management where he was responsible for internal and external wholesaling, business development, subadvisory and key accounts teams in the distribution of ING’s mutual funds, separate accounts, offshore funds, closed end funds, structured products, and sub advisory services.
Prior in his career Mr. Forstl spent 20 years at Nuveen Investments in a number of leadership positions. Most recently he was responsible for the sales and distribution activity of Nuveen’s Structured Products offerings, which included Nuveen’s Closed-End Funds and ETNs. Mr. Forstl oversaw the Joint Venture between Nuveen and Merrill Lynch in the creation and distribution of the ELEMENTS ETN platform, an industry leading innovative product structure.
During his 25-year career in the industry, Mr. Forstl has also held positions with Security Pacific Merchant Bank, VanKampen and Dean Witter. Mr. Forstl received a B.A. in Economics from the University of Georgia, is a graduate of the Securities Industry Institute and holds his CIMA designation in conjunction with IMCA and the University of Pennsylvania’s Wharton School of Business.
About Morgan Creek Capital Management
Morgan Creek Capital Management is a global investment management firm that harnesses the Endowment Model of investing to help clients pursue their long-term objectives. Consistent with the Endowment Model and an active management approach, Morgan Creek maintains opportunistic exposures across asset classes, from traditional equities and fixed income to alternatives such as hedge funds, private equity, real estate and venture capital. The firm offers its investment products across a platform of closed-end and open-ended funds. With the collective experience of its senior investment team, Morgan Creek was an early pioneer of the “Outsourced Investment Office.” More information on Morgan Creek’s investment team and strategies is available at www.morgancreekfunds.com.