Texas Pension Giant Which Needed 35 Yrs Of 8% CAGR To Be 100% Funded, Slashes Expected Returns

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Mark Melin
Published on
Updated on

As Harvey hits Texas hard in terms of lives and finances, more bad news (not to compare the scale of the two) came from the state from the giant known as Employees retirement system of Texas As markets gradually transition from the tranquil landscape painted by central bank quantitative easing and some of the lowest volatility in market history – 89% of futures markets experienced a contraction of volatility in the first half of 2017 – forward looking investment managers assess the potential for lower returns with risk swirling all around. In perhaps a sign of the times, the $26.9…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.