According to a recently released peer review study by CEM Benchmarking, a firm specializing in benchmarking investment funds, the UN Pension Fund outperformed its peers in terms of returns on investments and management costs. The analysis compared the UN Pension Fund's performance to 297 pension funds based in the US (150), Canada (68), Europe (69), Asia-Pacific (6) and other regions (4) during the 2017-2021 period.
The main takeaways of the analysis include:
“The benchmarking study demonstrates how cost-effective the Fund’s Office of Investment is in managing the Fund’s assets, and this should be reassuring to our participants, retirees and beneficiaries, and stakeholders at large,” said Mr. Pedro Guazo, Representative of the Secretary-General (RSG) for the investments of the assets of the UNJSPF.
“We will further analyze this peer review to see where we can improve. Actually, some changes are already on the way; for instance, the Fund’s higher asset and asset-liability risks are planned to be decreased based on the 2022 Strategic Asset Allocation implementation. This is a useful tool that we will keep using and disclosing it to our stakeholders every year with updated information,” Mr. Guazo added.
To download the CEM Investment Benchmarking Analysis, click here.