The United Nations Joint Staff Pension Fund (UNJSPF) has received approval to add hedge fund of fund

Date: Monday, January 12, 2009
Author: EMII.com

The United Nations Joint Staff Pension Fund (UNJSPF) has received approval to add hedge fund of funds and private equity to its portfolio, IPE.com reports. The move indicates a shift from the traditional equity and debt investment strategy at the scheme.

The retirement fund for UN staff and other international intergovernmental organizations has not decided the size of any investment in alternatives as yet. It intends to expand the scope of its real estate portfolio to include infrastructure, agricultural land and timberland