What sets Railpen apart
Railpen has managed the Railways Pension Scheme, a single-industry fund open only to the rail sector, since 1965, and now runs around £36bn in assets for its more than 350,000 members rather than serving the many external clients typical of a diversified asset manager.
It has committed £15bn, 44% of that book, to UK property, infrastructure, energy and innovation investment, a real-assets push independently tracked in trade coverage of its infrastructure and property deals. For an early-career hire, that single-scheme structure means exposure concentrates on one mandate and its UK real-assets book rather than rotating across many external client accounts, a materially different shape of work than at a multi-client asset manager of comparable size.