Daniel J. Kingston joined alternative investment manager Morgan Creek Capital Management as a member of the investment committee to work closely with Mark W. Yusko, chief investment officer, and the rest of the investment team on manager selection and asset allocation.
Mr. Kingston's position is new, part of an expansion of the firm's investment capabilities, said Doug Hesney, a Morgan Creek spokesman, in an interview.
Mr. Kingston was managing director at Vulcan Capital, the family investment office of Paul Allen, co-founder of Microsoft. Prior to Vulcan, Mr. Kingston was chief investment officer of the $1.75 billion Ewing Marion Kauffman Foundation, Kansas City, Mo., and before that, spent 13 years as an investment officer at Stanford Management Co., manager of the $14 billion endowment of Stanford University, Stanford, Calif.
Morgan Creek Capital manages about $8 billion in multimanager “endowment-model” portfolios that span asset classes from traditional equity and fixed income to alternative investments such as private equity, real estate, venture capital and hedge funds, according to a news release from the firm.