U.K. Universities Pension Picks Man For FoF Mandate

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of