Monday, 2 March 2015
Last updated 22 min 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.”
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…