USS Investment Management update - December 2020
Simon Pilcher, CEO of USS Investment Management, takes a look back on the year and a look forward to 2021.
Simon Pilcher, CEO of USS Investment Management, takes a look back on the year and a look forward to 2021.
According to recent data, the UK is languishing at number 47 in the global speed league for broadband. It matters for many reasons – education, leisure and work to name but a few and for USS presents an excellent investment opportunity.
As we look forward, the final quarter of 2020 looks to be one of the most challenging in recent history. With the looming US election poised to be highly contested, a potential cliff-hanger Brexit deadline and a global pandemic still unfolding, calling the future direction of the global economy and financial markets is at its most difficult.
In September I took over as Chair of USS during an extraordinary time for the scheme. Not only in the midst of a valuation, but also sharply aware of the unprecedented pressure on Higher Education from the pandemic. It was certainly not an ideal backdrop.
This paper sets out the USS trustee’s view on the proposed defined benefit Code of Practice, as set out in the Regulator’s consultation document dated March 2020.
Since the dramatic market falls in March as a result of Covid-19, risk assets such as equities have held up remarkably well despite continued uncertainty over the economic impact of the virus.
USS has made its first investment in shared ownership housing. Ben Levenstein, Head of Private Credit, USS Investment Management, explains why.
As the world turns from shut down to recovery, Mirko Cardinale, Head of Investment Strategy & Advice at USS Investment Management, thinks about what the future might look like.
I joined USS Investment Management at the start of the year from BlackRock, in order to build on some of the great work that had already been done in our fixed income business area. This part of our portfolio, which includes all fixed income, treasury and trading is focussed on classes of investments which are well-suited to a pension scheme as they provide more certain and secure returns, while matching some of the risks associated with our liabilities.