# University of Cambridge Pension Fund

University of Cambridge Pension Fund is a Pension Fund based in Cambridge, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cambridge, United Kingdom
- **Region:** Europe
- **Address:** Cambridge, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** ucim.co.uk
- **LinkedIn:** linkedin.com/company/university-of-cambridge-investment-management-limited

## Regulatory record

- **Reports private funds:** No

## About

The University of Cambridge Pension Fund operates as a defined-benefit scheme for academic and administrative staff of the 800-year-old institution. Governed by CU Pension Trustee Ltd, the entity is chaired by Howard Jacobs, while day-to-day investment oversight reports into the university's Director of Finance, David Hughes. The fund's exact founding date and current AUM are not publicly disclosed, consistent with the opaque reporting culture of many UK university-backed schemes. The fund's public investment positioning reveals a thesis grounded in income-generating real assets and infrastructure. Known holdings include a stake in the Aegon Property Fund, a UK-focused commercial vehicle, and a commitment to Copenhagen Infrastructure IV, a global fund targeting energy transition assets such as offshore wind and carbon capture — confirming a dual mandate of domestic property and international infrastructure. Public records do not enumerate allocations to traditional equity or fixed-income, though the scheme's liability profile implies both remain core. No direct venture, buyout, or credit positions are documented. Pension administration is led by Sue Curryer, a senior University of Cambridge official, while Fiona Matthews chairs the Member Experience and Communications Committee — both occupying trustee roles that influence benefit design and governance. The fund's physical operational footprint is limited to Cambridge, with no disclosed satellite offices. No adjacent vehicles such as a co-investment pool or venture arm have surfaced, and the fund does not appear in peer club directories or co-investment syndicates. The fund stands apart from larger UK university schemes (think USS or Oxford's endowment) through minimal disclosure and a deliberately narrow public portfolio footprint — no website, no published annual report, and no named external investment consultants.

## People

- Howard Jacobs — Chair of CU Pension Trustee Ltd
- Sue Curryer — Head of Pensions Administration, University of Cambridge
- David Hughes — Director of Finance, University of Cambridge
- Fiona Matthews — Trustee Director and Chair of the Member Experience and Communications Committee

## Questions

### Who governs the University of Cambridge Pension Fund?

The fund is governed by CU Pension Trustee Ltd, a corporate trustee entity chaired by Howard Jacobs. The Director of Finance at the University of Cambridge, David Hughes, provides senior oversight. Sue Curryer, Head of Pensions Administration, and Fiona Matthews, a Trustee Director, also occupy governance roles.

### What investment types does the University of Cambridge Pension Fund hold?

Public records indicate the fund allocates to commercial property in the UK via the Aegon Property Fund and to global clean-energy infrastructure through a commitment to Copenhagen Infrastructure IV. No disclosed positions in public equities, private credit, venture capital, or private equity are available.

### Is the University of Cambridge Pension Fund the same as the Cambridge University Endowment Fund?

No. The Endowment Fund manages the university's long-term charitable and academic capital, while the Pension Fund separately covers defined-benefit obligations for past and current staff. They are governed by distinct boards and pursue fundamentally different investment mandates.

### Does the University of Cambridge Pension Fund publish its AUM or performance?

It does not consistently publish an up-to-date AUM or detailed performance report. As a privately governed scheme with no regulatory duty to market itself to external investors, the fund maintains a posture of minimal public disclosure.

### Who manages the fund's investment portfolio?

The fund has not publicly identified an in-house CIO or a specific external OCIO provider. Strategic asset allocation and manager selection appear to reside with the trustee board and the university's finance leadership, though the exact delegation framework remains unconfirmed.

## Related profiles

- [University of California, Santa Barbara Foundation](https://altss.com/profile/university-of-california-santa-barbara-foundation-ucsb)
- [University of Central Missouri Foundation](https://altss.com/profile/university-of-central-missouri-foundation)

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Last updated: 2026-08-11T02:43:31.692Z

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