Asset Owner Directory

United Nations Joint Staff Pension Fund

The United Nations Joint Staff Pension Fund (UNJSPF) was established in 1949, by a resolution of the General Assembly, to provide retirement, death, disability and related benefits for staff upon cessation of their services with the United Nations. The Fund comprises the staff of the United Nations and 24 other organizations admitted to membership in the Fund. As of 31 December 2019, the Fund had 131,583 participants and 79,975 retirees and beneficiaries.


United States

AUM ($B)




Chief Executive

Rosemarie McClean

Chief Investment Officer

Toru Shindo


Jan De Preter

Asset allocation
The Fund’s Long-Term Return Objective is to earn the highest possible investment return consistent with the Fund’s risk appetite, so as to deliver an investment return that at least meets over the long-term

59.4% Global equities

5.7% Private equities

6.7% Real estate

0.2% Real assets

26.4% Fixed income related articles

Finance teaching not fit for purpose

Finance needs to be based on “real world economics” not the unrealistic and rational assumptions of traditional finance argue co-editors Herman Bril, Georg Kell and Andreas Rasche in their book Sustainable Investing: A path to a New Horizon.

UN pension’s journey in sustainability

It began with simple restrictions on investments in tobacco and firearms. Years later, the United Nations Joint Staff Pension Fund has added new metrics, technology, data sets and engagement, in support of the philosophy that ESG factors and the sustainable development goals breed superior long-term returns.
Investor Profile

What is the right level of cash?

The $54 billion United Nations Joint Staff Pension Fund has adapted to be more dynamic in its asset allocation, a result of lessons learned from the crisis and new stress-testing capabilities. The belief in active management still resonates with the fund beating its 10-year policy objectives. Amanda White spoke to the director of the investment […]
Investor Profile

UN fund enters 21st century

With total portfolio costs of only 15.3 basis points, the $43-billion United Nations Joint Staff Pension Fund is one of the most efficiently run pension funds in the world – not bad for a fund that has investments in 41 countries and 23 currencies. This year it embarked on an operations overhaul to bring even […]
Uncategorised posts

UN fund increases indirect exposure

The $38 billion United Nations Joint Staff Pension Fund (UNJSPF) has begun to implement the recommendations of the Hewitt Ennis Knupp asset-liability study which, among other things, recommended higher allocations to indirect assets, emerging markets and private equity. asset liability modelling, emerging markets, FISUNSPF, Hewitt Ennis Knupp, indirect assets, strategic asset allocation, UNJSPFAsset Owner:United Nations […]
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