{"id":42630,"date":"2014-06-18T06:29:26","date_gmt":"2014-06-18T10:29:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42630"},"modified":"2014-06-18T06:29:27","modified_gmt":"2014-06-18T10:29:27","slug":"trotsky-says-massachusetts-wont-pay-for-hedge-fund-luck","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2014\/trotsky-says-massachusetts-wont-pay-for-hedge-fund-luck.html","title":{"rendered":"Trotsky Says Massachusetts Won\u2019t Pay for Hedge Fund Luck"},"content":{"rendered":"<p>Bloomberg &#8211; Michael Trotsky, like many other investors in hedge funds, is tired of paying superstar fees for mediocre returns. As chief investment officer of the $59.1 billion Massachusetts Pension Reserves Investment Management Board, he\u2019s in a position to do something about it.<\/p>\n<p>The Boston-based pension plan has about $6 billion spread among 23 firms including Bill Ackman\u2019s Pershing Square Capital Management LP, Brevan Howard Asset Management LP and Cantab Capital Partners LLP. As Massachusetts seeks to add as many as eight more managers within two years, Trotsky wants to strike a harder bargain.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-06-17\/trotsky-says-massachusetts-won-t-pay-for-hedge-fund-luck.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Michael Trotsky, like many other investors in hedge funds, is tired of paying superstar fees for mediocre returns. As chief investment officer of the $59.1 billion Massachusetts Pension Reserves Investment Management Board, he\u2019s in a position to do [&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-42630","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42630","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=42630"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42630\/revisions"}],"predecessor-version":[{"id":42631,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42630\/revisions\/42631"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}