According to an independent verifier’s report, the policies and procedures of the United Nations Joint Staff Pension Fund (UNJSPF) were designed in compliance with the Global Investment Performance Standards (GIPS®), a set of global standards based on the ethical principles of fair representation and full disclosure of investment performance. 2024 marks the fifth year in which the Fund has claimed compliance and received verification by the Spaulding Group (TSG).

“The UNJSPF is claiming compliance of its investment performance for its fifth consecutive year. Our continued adherence of robust policies highlights our commitment to transparency and accountability,” said José Antonio Núñez, Chief Risk and Compliance Officer.

TSG’s opinion, contained in its Independent Verifier’s Verification and Performance Examination Report, also confirmed these policies and procedures were implemented on an asset owner-wide basis.

“Our efforts to apply rigorous policies and procedures are in line with our responsibility to meet global best practices for the benefit of all our participants, retirees and beneficiaries,” said Marisol Cardenas Gallo, Head of Investment and Performance Risk at the Fund.

The purpose of this annual verification exercise is to confirm that UNJSPF’s policies and procedures pertaining to total fund maintenance, as well as the calculation, presentation, and distribution of performance are designed in accordance with the GIPS® standards and to demonstrate that they have been implemented on an asset owner-wide basis. This verification also provides additional confidence in the claim of compliance with the GIPS standards.

The UNJSPF claims compliance with the Global Investment Performance Standards (GIPS®). GIPS is a registered trademark of the CFA Institute. The CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.