TRS

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Limited partners hold fee-bargaining power

In a harsh capital-raising climate, ATP Private Equity Partners and TRS have different startegies on how to drive hard bargains on private equity fees. Institutional investors are gaining concessions on private equity management fees, with a near-record number of funds on the road seeking funds resulting in a shift in bargaining power to limited partners. […]

SAM RILEYMarch 30, 2012

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Texas Teachers examines incentive pay to staff

The Teacher Retirement System of Texas has reviewed the benchmarks it used to calculate investment staff compensation after concerns were raised over the level of bonuses it paid to senior staff earlier in the year.

SAM RILEYAugust 17, 2011

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Texas launches quarterly reports for flagship fund

The Teachers Retirement System of Texas (TRS) has outlined a set of five investment performance measurement priorities, which include a new detailed quarterly report for the internally actively managed $19.9 billion global best-ideas flagship fund, and incorporating external managers’ signals into the investment process to enhance performance.

Amanda WhiteMay 4, 2011

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Bridging the gap between public and private pensions

The United States private sector retirement system could adopt some particular elements of the public sector retirement system to bring the differences between the two back into balance, according to NASRA research director, Keith Brainard.

MIRANDA WARDMarch 30, 2011