Historical Fund Performance

The United Nations General Assembly requested in 2022 (resolution A/RES/76/246) that OIM conduct a comparison of the UN Pension Fund's investment performance with peers from various countries. To this end, OIM engaged CEM Benchmarking, a firm specialized in comparing investment funds across the world, to compare the Fund’s performance with that of other global pension funds.

The latest CEM Investment Benchmarking analysis, from 2023, compared the UN Pension Fund's performance and total cost of investments against:

1. A global universe of 281 pension funds, with assets totaling $12.2 trillion, and a median fund size of $9.8 billion. 
2. A peer group of 19 pension funds with assets under management ranging from $47.5 to $142.9 billion, and a median size of $88.1 billion.

The main findings of the 2023 CEM Investment Benchmarking analysis assessed the Fund's:

• Effectiveness: The 5-year net total return of the portfolio was 7.9%, surpassing both the global median of 6.8% and the peer median of 7.3%.
• Efficiency: The 2023 total investment cost of 31.6 basis points was 34% lower than the peer median of 47.7 basis points.
• Safety: The asset risk of the portfolio was 10.9%, against the global median of 9.4%. The asset-liability risk was 12.0%, versus the global median of 9.6%.

See the latest 2023 CEM Investment Benchmarking report here. 

Previous CEM Investment Benchmarking reports similarly highlighted the UN Pension Fund's positive return on investments and lower management costs compared to peers. The 2022 version is available here and the 2021 version can be found here. 

The Fund does not pay any performance fees for public market assets managed externally in 2023-2024.