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Unlike publicly listed assets, where values are obtained from quoted traded prices, private assets are valued by experts using a range of different data points and techniques to form a view of fair value.

Climate scenario analysis is a vital tool to help us assess the financial risks we face as investors under various future climate outcomes. We’ve worked with the University of Exeter to develop four new climate scenarios that are more useful for our investment decision-making.

There are times when there is a lot of interest in our investments – but commenting on individual assets, or on speculation about potential deals, isn’t always wise.

USS has made its first investment in shared ownership housing. Ben Levenstein, Head of Private Credit, USS Investment Management, explains why.

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.

As the principal pension scheme for some of the country’s leading higher education institutions, we asked our colleagues to share their memories of student life and their journey to USS – where they look after the retirements of the people who taught them.

Every three years, the Trustee must make judgements about how various expectations and risks will play out over the long-term and the short-term that could influence the scheme’s ability to pay members’ benefits. It must also review whether recent experience has met with previous expectations, and respond accordingly.

Earlier this year we learned that an historic settlement had been reached in a large and long-running legal case. The total value of the settlement is USD 3 billion (ie. USD 3,000,000,000). This is a genuinely historic settlement for a case of this kind – it’s the largest securities/investments class action settlement in over a decade, and is the largest settlement ever in a class action involving a non-US issuer (ie. Petrobras). It is the fifth largest class action settlement ever in the US.

It’s coming up to two years since the date of the 2020 valuation. What’s been happening to the funding position in that time and where do things stand today?