Institutional Investors

USS shows penchant for CTAs

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Universities Superannuation Scheme in the UK has identified a shortlist of new managers on which it is doing due diligence, as it looks to swell its existing roster of 15 hedge fund managers with some exposure to short term commodity trading advisers.

The $47 billion scheme, which has already invested around $1.48 billion out of its planned $3.1 billion hedge fund allocation, sees short term high frequency CTAs as well positioned to monetise the prevalent choppy market conditions.

Overall, the scheme aims to construct a portfolio of CTAs combining longer and medium term trend followers with short term