Britton Harris IV, former chief investment officer at the Teacher Retirement System of Texas, is a man viewed from two sharply divided standpoints. He is both an innovator in an industry in desperate need of innovation and the leader of a revolution that will displace secure revenue streams for many hedge funds. One framing generates praise, the other doesn’t win popularity contests.
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Teacher Retirement System of Texas, TRS, doesn't like overpaying for beta
The Austin, TX-based TRS is like Austin itself, weird – and that’s a good thing for its pensioners who want to achieve alpha without overpaying for beta.
The Teacher...
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