Wednesday, 28 January 2015
Last updated 4 hours ago
Apr 6 2010 | 9:31am ET
The Man Group has won a US$1 billion fund of hedge funds mandate from Britain’s Universities Superannuation Scheme.
The pension fund, one of the U.K.’s largest, last year announced plans to boost its alternative investments portfolio and begin investing directly in hedge funds. The Man investment is the largest allocation made as part of that plan, which will be put into place over the next two years, Financial News reports.
The money from the £27 billion USS, which has previously invested only in hedge fund replication strategies, will be invested with Man Investments.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…