The United Nations Joint Staff Pension Fund, New York, has issued a request for expression of interest for a non-discretionary consultant for the real assets portfolio of the fund, said a posting on the U.N.’s website.
The consultant will provide investment recommendations and general research on real assets.
The pension fund has “extensive” real estate assets, and is seeking to grow the other three components of real assets — timber, agriculture and infrastructure — according to information posted on the website.
Total real assets represented 6.87% of pension fund assets as of June 30. Total pension fund assets were $54.8 billion as of Sept. 30.
The website said this request for expression of interest is a re-issuance of a previous request issued in July 2015. Applicants who responded to the first request “will be considered and need not respond” to the latest one, the website said.
No further information was provided on why it was re-issued, and two pension fund representatives could not be reached for comment by press time.
The request for expression of interest is available on the pension fund’s website. Applications must be submitted by Oct. 18.