Mon, Nov 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

UN pension fund is contemplating more investments in alternatives

Wednesday, June 10, 2015

Benedicte Gravrand, Opalesque Geneva:

Last week, the United Nations (UN) issued an EOI (request for expression of interest), saying the Investment Management Division of the UN Joint Staff Pension Fund was "seeking qualified banks to participate in a competitive solicitation for the provision of comprehensive Global Custody and Master Record Keeping services for the investments of the Fund."

The Fund now has over $54bn in assets under management (on behalf of more than 190,000 participants) primarily invested in publicly-traded equities and fixed income securities, with a small part in specialty funds such as real estate, emerging and frontier markets, private equity, infrastructure, and commodities.

What is relevant here to fund managers is that, according to the EOI, the fund is currently authorized to trade ETF contracts; it does not directly trade OTC derivatives or engage in short trading, but may do so in the future. Furthermore, it is now considering investments in other alternative assets such as futures/derivatives, hedge fund of funds, other real assets, and may take securities lending and collateral management into consideration. It is also authorized to hire external fund managers; currently its small cap equity investments are the only ones being externally managed.

Like CalPERS’ decision to move in the opposite direction, this is more symbolic than anything, ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W