The Investment Management Division (IMD) of the $38 billion pension fund has issued an REOI for an investment advisor/research provider to give advice on its global investment strategy, which includes: asset, regional and country (including global emerging markets) allocation; global macro and global sector research providers to support the staff of IMD in asset allocation decision making and portfolio management as well as global sector advice in energy and natural resources and technology sectors; and analytical and research platform tools and databases for equities.
Established in 1949, United Nations Joint Staff Pension Fund is a fund established by the United Nations General Assembly to provide retirement, death, disability and related benefits for staff of the United Nations and the other organizations admitted to membership in the fund. It is an active investor in alternative assets, including real estate, hedge funds and private equity. UNJSPF recently expanded the scope of its real estate portfolio to include infrastructure, agricultural land and timberland. Currently it is advised on its investments in the real estate asset class by Townsend Group, which has been providing it with real estate investment advice since February 2003.
IMD is looking to hire several independent boutique-type research firms or asset management companies to provide one or several of the services it requires. Two of the minimum required qualifications include: a five-year track record in providing the requested services to public pension funds; a blemish-free background – free of suspension, censure or any other disciplinary action by any professional, state, or national/statutory or regulatory entity. The closing date for the receipt of a proposal from all interested parties is 5th October 2010.
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