USS invests £89m in Neuberger Berman fund

clock •

The Universities Superannuation Scheme has invested $135m (£89m) in the Neuberger Berman Secondary Opportunities Fund II.

The USS becomes the largest investor in the formerly Lehman Brothers-owned investment management firm's £1.15bn alternative fund. USS head of alternative assets Mike Powell said: "This investmen...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Mandates

Mandates

SSgA secures $184m from two Italian pensions

ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.

Raquel Pichardo-Allison
clock 20 October 2011 •
Mandates

CalPERS renews contracts for $123bn equity portfolio

US - The board of the California Public Employees' Retirement System renewed the contracts of the 16 external managers responsible for its $123.3bn global equity portfolio.

Jenny Cosgrave
clock 19 October 2011 •
Mandates

PPF overhauls transition manager panel

UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.

Hannah Brenton
clock 19 October 2011 •
Trustpilot