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.

Country

United Kingdom

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$119

Performance (%, 1YR)

8.1

Chief Executive

Bill Galvin

Chief Investment Officer

Simon Pilcher

Chair

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

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of March 31, 2022. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

Sustainability

USS outlines new climate scenarios for improved investment decision-making

USS and the University of Exeter have outlined new climate scenarios that focus on short term, real world impacts and are more useful for investors. USS will use them to develop a long-term investment outlook and top-down portfolio construction.

Amanda WhiteSeptember 7, 2023

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.

Amanda WhiteAugust 10, 2023

Sustainability

Net zero: engagement and renewable energy investments pay off at USS

The UK’s largest private pension fund, USS has made ground on its path to net zero with effective engagement, measuring the Scope 3 emissions of its corporate assets and bottom-up carbon analysis focused on transition risk in emerging market equities. But investors need policy makers to do much more.

Sarah RundellAugust 8, 2023

Asset Allocation

USS: Low leverage and US exposure helped navigate UK bond market turmoil

Speaking at USS’s 2022 Institutions’ Meeting, Simon Pilcher told stakeholders that the asset manager had navigated market turmoil in the UK bond market by having less leverage than peer funds and diversification, explaining USS also hedges inflation and interest rate risk with US bonds.

Sarah RundellDecember 21, 2022

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.

Sarah RundellNovember 1, 2022

FIS Chicago 2022

Investors prioritise governance, tilts and liquidity

In a wide-ranging session at the Fiduciary Investors Symposium at Chicago Booth School of Business investment executives from HOOPP, CalSTRS, USS and Cbus reflect on the need for strong governance in the current climate, diversification and liquidity.

Sarah RundellJune 9, 2022

View more articles

Asset Owner Directory

Fund Name	Country	AUM ($B)	Articles	More Info
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