United Nations to Invest in Hedge Funds

Hedge Fund Net – Alternative investment strategies around the world are trudging through a slowdown, but that is not scaring away the world’s organization, the United Nations, from investing in these areas. The United Nations Joint Staff Pension Fund (UNJSPF) is set to move forward with plans to put its money into hedge funds and private equity funds.

The UNJSPF was established by the United Nations General Assembly in 1949 to provide retirement, death, disability and related benefits for staff of the U.N. and the other organizations admitted to membership in the fund, according to the UNJSPF Web site. As of Dec. 31, 2004 the fund served 20 member organizations with more than 88,350 active participants and nearly 53,000 beneficiaries.

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