U.K. Universities Pension Plans Big Hedge Fund Investment

Jan 26 2010 | 12:38pm ET

A major British pension fund is increasing its hedge fund investments fivefold, pouring more than £1.4 billion pounds into the asset class.

The £28 billion University Superannuation Scheme said it would invest that amount in fixed-income as it seeks to reduce its 70% equity exposure. But the pension’s chief investment officer said it would move a similar amount into hedge funds, which currently make up just 1% of the fund’s investments.

Roger Gray, who took over as CIO less than five months ago, told Reuters that USS has made its first active hedge fund investment totaling in the “hundreds of millions” of pounds. USS will increase its hedge fund investments to 5% of total assets, meaning the pension may hire up to 30 hedge fund managers over the next two years.

USS will also continue to invest in a hedge fund replication strategy managed by State Street.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.