A $1.5 billion money manager is teaming up with a California crypto startup on a new kind of index for the crypto world. Morgan Creek's new fund is aimed at institutional investors, specifically family offices and endowments. Unlike other funds, it will exclude cryptos based on their level of centralization. A $1.5 billion money manager is looking to unleash the crypto markets onto pension funds and endowments with a new-kind of index aimed at institutional investors.