Liquidation: Morgan Creek Global Equity Long/Short Institutional Fund
Form Type: N-CSR
Filing Date: 2025-06-02
Corporate Action: Liquidation
Type: Update
Accession Number: 000139834425011030
Filing Summary: Morgan Creek Global Equity Long/Short Institutional Fund has been liquidating since early 2022, following a drop in asset size that made ongoing management costs unjustifiable. By June 2024, the fund had returned 64.9% of its net asset value (NAV) to investors. As of the reporting date, the portfolio mainly consists of private holdings and cash to cover expenses, with no predetermined liquidity dates for the private investments. The fund experienced a performance loss of 12.3% for the fiscal year ending March 31, 2025, with high operating expenses contributing to this decline. The fund intends to continue with its liquidation and anticipates making further distributions based on possible liquidity events in its remaining private holdings.
Additional details:
Date Of Fiscal Year End: March 31
Date Of Reporting Period: March 31, 2025
Investment Income: 617
Net Investment Loss: (438,665)
Net Change In Unrealized Appreciation: (554,763)
Net Decrease In Net Assets Resulting From Operations: (477,453)
Net Assets Beginning Of Year: 4,894,262
Net Assets End Of Year: 3,416,809
Operating Expense Ratio: 11.2%
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