Thursday, 30 July 2015
Last updated 13 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.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…