One Of America's Largest Pension Funds Plans Hedge Fund Fee OverhaulMark Melin
The Teacher Retirement System of Texas (TRS), one of the world's largest hedge fund allocators, has officially changed the fee structure it will pay fund managers, ValueWalk has learned. We first reported the proposed move to change the hedge fund fee structure on December 20.
With hedge funds generally underperforming their major stock benchmarks – the HFRI Fund Weighted Composite Index, many long bias, delivered +5.6% returns in 2016 while the S&P . . .
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