The Teacher Retirement System of Texas (TRS) is engaging in one of the more historic movements in the hedge fund industry. With hedge fund fee plans under fire, Brad Gilbert and Dale West only want to pay for alpha. In an interview with ValueWalk, the pair of architects behind the program, who also consulted with Albourne Partners and had numerous internal supporters, discussed the Hedge fund Fee Structure along with their portfolio management strategy. TRS historic Hedge fund Fee Structure There is a statistical oddity that troubled Gilbert, a Senior Director, Hedge Funds at TRS charged with allocating the…
As Fee Trend Advances, TRS Pension Managers Seek Win / Win Situations
Mark Melin
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.