Investment Research Services for UN Joint Staff Pension Fund

The Office of Investment Management (“OIM”) of UNJSPF, is seeking Investment Research Providers (“IRP”), as explained below. 1. OIM is seeking an IRP for a period of 3 years (with provision for extension for 2 years, renewed annually) that will support OIM’s investment decisions by providing a wide range of independent investment research. The coverage should include, but is not limited to, macro-economic analysis, coverage of the Fund’s asset classes, asset allocation, currency, commodities, geopolitical risks, and global sector/industry. The provider should also have the ability to provide sector level research at global/ regional and country level. 2. The research includes investment strategy and research on global, regional, country level as well as sector and preferably security level; ad hoc, weekly, monthly, quarterly and annual investment analysis regarding various asset classes (equities, bonds, foreign exchange, alternative investments) and sectors as well as geopolitical and economic research and analysis. 3. The research provider should have expertise in various tactical asset allocation research aspects such as global strategy, regional strategy and provide regular investment commentary that analyzes not only the most recent and important economic and market events but also longer commentary that illustrate longer themes and trends. Research items may include, but not limited to: - Focus on Big picture (Macro) view. - Monetary policy analysis and implications on investments. - Geopolitical analysis and implications on investments. - Develop optimal country or asset allocation strategies in light of economic and political risks. - Commentary as well as supporting charts and data. - Provide charts and analysis on request. - Provide meetings/calls with analysts on an ad-hoc basis for Q&A/discussions. 4. Investment advisory will need more than one advisory due to complexity of the current investment and geopolitical landscape is complex. OIM's seeks a wide range of views to help us make investment decisions. Overview of the Fund 5. The United Nations Joint Staff Pension Fund (“UNJSPF” or “the Fund”) was established by the General Assembly of the United Nations ("UN") to provide retirement, death, disability and related benefits for the staff of the UN and other international intergovernmental organizations admitted to membership in the Fund. 6. The UNJSPF is a defined benefit fund, with over $92 billion under management as of 30 June 2024. The asset classes in which the Fund invests consist of global developed, emerging, and frontier market equity; fixed income; real assets (real estate, infrastructure, timberland and agriculture), alternative investments (private equity and real return strategies); and cash and short-term investments. Approximately 85% of the Fund’s assets are internally managed, with the remainder invested in external small cap equity, real asset, and alternative investment funds. The Fund’s internally managed assets are invested in approximately 25 currencies and 44 countries. Please consult the Fund’s website at www.unjspf.org for a breakdown of the Fund’s assets. 7. The UNJSPF is one of the most globally diversified funds in the world. Although most of the exposure is in major developed markets, the Fund is committed to finding sound investment opportunities in emerging and frontier markets. 8. The Investment Section of the OIM is structured primarily by asset class: Equities, Fixed Income, Real Assets (Real Estate, Infrastructure and Timber and Agriculture) and Alternative Investments (Private Equity and Real Return Strategies.) Within the Equities asset class, portfolio teams are structured by geographic region, i.e., North America, Europe, Asia Pacific and Japan, and Global Emerging Markets.