USS launches first asset-backed securities mandate

Largest private pension scheme continues on path to strengthening reserves

Hope William-Smith
clock • 1 min read
USS launches first asset-backed securities mandate

The Universities Superannuation Scheme (USS) has launched its first mandate investing in asset-backed securities (ABS) which will focus on investment grade, publicly listed securities.

The launch comes after USS chief executive Bill Galvin confirmed earlier this month the scheme's funding position had drastically improved since its infamous valuation in March 2020. Head of ABS...

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