U.N. Pension Interested In Alternatives

Feb 8 2008 | 10:32am ET

Interest in the alternative investment space is indeed reaching far and wide.

The United Nations Joint Staff Pension Fund has issued a request for consultancy services regarding the possible addition of alternative asset classes to its portfolio.

The fund is looking for consultants to prepare a report by April 30 describing the characteristics of each of the alternative asset classes held by comparable global pensions, superannuation funds and endowments. The report will analyze a full range of alternative investments including private equity, distressed debt, hedge fund, commodity and currency offerings.

The report is also expected to review and quantify the potential contribution of each asset class to reducing the degree of correlation of the portfolio to global equity market indices and to reducing the exposure of the fund to systematic risk.

In addition, consultants will be asked to advise the fund on suitable alternative investments.

Additional details on the fund’s request are available at the U.N. Web site.


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