UN’s $54 Billion Pension Fund in Power Struggle Over New Rules
- Fund pays out $2.3 billion annually in 15 different currencies
- Over past decade, UN fund has performed in line with Calpers
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The United Nations needs some financial peacekeepers.
A dispute over whether new regulations governing the $54 billion UN Joint Staff Pension Fund will result in higher fees paid to outside bankers or modernize oversight of the 67-year-old trust has divided fund CEO Sergio Arvizu and union leaders, sparking accusations of mismanagement.