United Nations Joint Staff Pension Fund's office of investment management is searching for a consultant to provide strategic risk management services, following the recent completion of an asset-liability study.
The $67.8 billion New York-based pension fund has issued a request for expression of interest for a consultant to provide risk management services, such as analyzing the effects of exchange rate fluctuation on the pension fund's investments, according to an EOI posted on the U.N.'s procurement website.
The selected firm will also "quantify key metrics for investment return, risk, liquidity, currency exposure and funded status on a 3-5 year horizon for all suitable asset classes as well as the impact of tactical deviations from the fund's strategic asset allocation." The asset-liability study was completed earlier this year; details on any allocation changes could not be immediately learned.
As of Sept. 30, the pension fund's actual allocation was: 56.8% global equities; 29% global fixed income; 6.6% real estate; 4.8% private equity; 2.5% cash and short-term investments; and 0.3% real assets.
The EOI is available on the U.N.'s procurement website. Expressions of interest are due Nov. 20. A timeline for a selection was not provided.
Noel Mazzucco, procurement division representative, could not be immediately reached to provide further information.
