Texas Teachers bears down on fees
The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.
The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.
The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.
Institutional investors need to be able to clearly define where returns are coming from in their hedge fund portfolios, whether it be alpha, hedge fund beta or market beta, and be conscious of the fees for each return source, principal and co-founder of AQR Capital Management, Cliff Asness, told delegates at the Fiduciary Investors Symposium
Quant hedge fund managers AQR Capital Management have launched a $100,000 annual competition to recognise applied academic papers in finance that have the most significant practical implications for investors.
Investors’ increasing expectation of inflation risk in Europe, coupled with monetary policy implementation challenges at the European Central Bank, is an argument for a greater allocation to strategies that perform well in inflationary markets, according to a research note by AQR Capital Management.
Fees