Institutional Investors

USS set to explore emerging managers

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The Universities Superannuation Scheme is open for the first time to seeding of new managers, on a highly selective basis.

This marks a departure from the $48 billion plan’s previous approach, which involved investing only in established managers. While the scheme will not look to set up a seeding platform, it will consider investing in start up managers if the right opportunity arises.

The pension fund, which is the largest in the UK after the giant BT pension scheme, is currently doing due diligence on a shortlist of new managers as it looks to increase its portfolio of