The Investments Committee meets in Gaborone, Botswana
The Investments Committee of the United Nations Joint Staff Pension Fund held its second meeting in Africa, in Gaborone, Botswana on 6 February 2012. The Central Bank of Botswana hosted the meeting, which included presentations regarding the governance and investment policies of the Pula Fund, (Botswana's Sovereign Wealth Fund), and the stewardship of the country's mineral resources. The members of the Investments Committee and the Investment Management Division reviewed the performance, risk management and strategy of the United Nations Joint Staff Pension Fund. The meeting was held in Africa because of the continent's growing importance and the desirability of reflecting this in the Fund's investment portfolio. Members of the Investment Management Division also visited Ghana, Kenya, Mauritius, South Africa, Tanzania and Zambia to assess potential opportunities in those emerging markets.
The Investment Management Division manages over 90 per cent of the approximately US$42 Billion portfolio internally. The Fund is the world's most globally diversified pension fund, with investments in more than 40 countries and 27 currencies. The UN General Assembly established four criteria to guide Pension Fund Investments - Safety, Profitability, Convertibility, and Liquidity. The Investments Committee is composed of distinguished investment experts from twelve different countries under the Chairmanship of the former Chairman of the Federal Reserve Bank of New York, Mr. William McDonough.