Asset Owner Directory

Universities Superannuation Scheme (USS)

USS is the largest private pension scheme in the United Kingdom in terms of assets. Established in 1974, USS is the principal pension scheme for universities and higher education institutions in the UK.


United Kingdom



Performance (%, 1YR)


Chief Executive

Bill Galvin

Chief Investment Officer

Simon Pilcher


Dame Kate Barker

Asset allocation
USS Growth fund asset allocation

37.8% Listed Equity

5.8% Property

25.7% Other private markets

0.8% Commodities

0.3% Absolute Return

7% Nominal government bonds

38.8% Index linked bonds

11.2% Other Fixed Income

(27.4)% Net Leverage related articles
Investment Think Tanks

Building portfolio resilience in the face of uncertainty

As the multitude of macro-economic risks influence market conditions in unpredictable and unprecedented ways, CIOs are facing the most challenging and interesting times in their careers. A group of investors came together in London to shareideas on how to best assess risk and position their funds for the challenges and opportunities in this increasingly demanding market.
FIS Stanford 2023

Investors talk inflation strategies

Three leading investors from around the world - USS from the UK, IMCO from Canada and APG from The Netherlands – discuss the importance of modelling and their strategies for investing in an inflationary environment, including allocating to inflation linked emerging debt and infrastructure.