{"id":27102,"date":"2012-01-27T07:26:58","date_gmt":"2012-01-27T12:26:58","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27102"},"modified":"2012-01-27T07:26:58","modified_gmt":"2012-01-27T12:26:58","slug":"texas-fund-%e2%80%98eaten-alive%e2%80%99-by-hedge-fees-may-curb-costs-by-hiring-in-house","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2012\/texas-fund-%e2%80%98eaten-alive%e2%80%99-by-hedge-fees-may-curb-costs-by-hiring-in-house.html","title":{"rendered":"Texas Fund \u2018Eaten Alive\u2019 by Hedge Fees May Curb Costs by Hiring In-House"},"content":{"rendered":"<p>Bloomberg &#8211; Texas\u2019s Permanent School Fund may hire in-house money managers to oversee its $25 billion in assets because returns are being \u201ceaten alive\u201d by hedge-fund fees, according to Chief Investment Officer Holland Timmins.<\/p>\n<p>Returns were less than 1 percent for the 44 months through November on assets managed by the five companies that bundle multiple\u00a0hedge funds\u00a0into single investment vehicles, Timmins said Jan. 25 at a State Education Board meeting. After fees, the return was negative, he said.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-01-27\/texas-fund-eaten-alive-by-hedge-fees-may-curb-costs-by-hiring-in-house.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Texas\u2019s Permanent School Fund may hire in-house money managers to oversee its $25 billion in assets because returns are being \u201ceaten alive\u201d by hedge-fund fees, according to Chief Investment Officer Holland Timmins. Returns were less than 1 percent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27102","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=27102"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27102\/revisions"}],"predecessor-version":[{"id":27103,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27102\/revisions\/27103"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}