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Texas Pension Fund Takes Bold Step on Fees
Pensions & Investments Link to more items from this source
Dec. 27, 2016
"The $133.2 billion Austin-based defined benefit plan is the first to adopt a new fee structure developed by its hedge fund consultant, Albourne Partners Ltd. The objective of the fee formula is to ensure that the investor consistently retains 70% of the gross alpha returns of the hedge funds in its portfolio."

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