UK universities' pension fund eyes distressed debt spree * Allocation to distressed could rise to 1.5 #billion pounds #RajiMenon #SineadCruise @Reuters #bennyquetell @resilient_ent #resilientmediaentertainment #PrivateEquity

* Allocation to distressed could rise to 1.5 bln pounds * Eyes non-performing bank portfolios * Banks under pressure to offload distressed assets Universities Superannuation Scheme, Britain's second-largest pension fund, may double its allocation to distressed debt at the expense of cash-strapped banks who can no longer afford to hold on to troubled assets

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