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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of