Will Britton Harris IV Go Down In History As A Beta Targeting Fee Legend?

Britton Harris IV, former chief investment officer at the Teacher Retirement System of Texas, is a man viewed from two sharply divided standpoints. He is both an innovator in an industry in desperate need of innovation and the leader of a revolution that will displace secure revenue streams for many hedge funds. One framing generates praise, the other doesn’t win popularity contests. [dalio] Teacher Retirement System of Texas, TRS, doesn’t like overpaying for beta The Austin, TX-based TRS is like Austin itself, weird – and that’s a good thing for its pensioners who want to achieve alpha without overpaying for…