New Pension Fee Structure Emerging from Texas. Sweeping Nation. 4 Key Points.

What entities are behind this novel pension fund management fee arrangement? TRS & Albourne Partners

The fee structure has a catchy name: 1 or 30

How it works: The investor (TRS) gets 70% of its economics from its hedge fund investment with management fees getting paid back through a discount to performance fees if the fund fails to perform in a given year

What’s the maximum fee? 30% of the performance after benchmark minus 1% management fee

Institutional Investor | New Fee Structure Offers Hope to Beseiged Hedge Funds