Institutional Investors Mergers & Acquisitions / Joint Ventures

USS considers adding sector and event strategies to portfolio


The Universities Superannuation Scheme in London is reviewing strategies for inclusion in its managed account (MAC) portfolio, which is slated to ultimately total over $1 billion, as part of its overall hedge fund programme.

The hedge fund programme currently totals $1.3 billion, but ultimately will account for 6% of the overall $45 billion pension scheme.

Emily Porter-Lynch

In addition to USS's core hedge fund strategies of macro, equity hedge with a limited beta across a cycle, and trading orientated credit, officials are considering liquid event-driven - perhaps with an Asia focus - and