Tuesday, 24 May 2016
Last updated 11 hours ago
Dec 23 2010 | 10:02am ET
The U.K.’s second-largest pension fund is dipping its toes into hedge fund seeding.
The £30 billion Universities Superannuation Scheme plans to invest in a seeding fund. It also hopes to co-invest with the seeder in the funds the latter invests in.
USS did not specify how much it would invest, but did say it would be a “pretty chunky ticket,” Financial News reports.
“Our intention is to implement improved governance, as a condition of our investment, aims to make a positive impact on the industry and for all investors,” USS absolute return strategist Luke Dixon said. “This is a vital consideration for us.”