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Mike Powell lays out the USS approach

The U.K.'s second-largest private sector pension fund makes a big bet.

By Barry Cohen Photographs by Heiko Prigge Mike Powell might seem like an unlikely pioneer. But the head of alternatives for the Universities Superannuation Scheme, the second-largest private sector pension fund in the U.K., has made one of the biggest commitments to alternatives of pension funds ever—an allocation of 20%

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