UN's $61 Billion Pension Fund Starts Search for New Management
- ‘Trump bump’ in market may have come too late to save managers
- Fund makes payments in 15 currencies to UN retirees worldwide
This article is for subscribers only.
United Nations Secretary-General Antonio Guterres wants to overhaul management of the global body’s $61 billion pension fund after three years of underperforming returns and contentious delays in paying retirees.
The UN Joint Staff Pension Fund is seeking candidates with “more than 20 years of proven progressively responsible experience” to replace Carolyn Boykin, the former chief investment officer of the Maryland State Retirement and Pension System, who took the UN post three years ago, according to an internal job posting seen by Bloomberg News.