Investment Management Service

Investment Management Service 0.33

Ms. L. Landmesser, Senior Investment Officer, Investment Management Service

Audit of the Investment Management Service investment performance measurement system

1. Investment management . 23 31 105

Table 9. Post requirements Investment Management Service

Mr. H. Ouma, Chief, Investment Management Service

If a securities firm is engaged in securities assets management business, it should sign securities assets management contract with customers, defining investment scope, investment ratio, management period, management cost and so on.

After deduction of investment management costs amounting to 29,883,419, net investment income was 1,626,041,068.

Table 25 History of the Investment Management Service

Mr. S. Jiang, Deputy Chief, Investment Management Service

Investment Impacts of Environmental Management Standards, Particularly the

Figure 18 Cost of management of the Fund's portfolio by the Investment Management Service

Mr. Paul Lee Hermes Investment Management Ltd. (United Kingdom)

The UNHCR Treasury makes the decisions on investment and cash management.

(e) On the cost side, the investment cost of management improvements.

Pension Fund, Investment Management Services, 6,476 square feet in New York

The Investment Management Service share would be offset against investment income, as is currently done for all activities under the budget component quot Investment costs quot .

The total investment in management reform measures recorded in 2004 was 3,386,366.

Expert Meeting on Trade and Investment Impacts of Environmental Management Standards, particularly

(b) Develop, administer and maintain system interface with investment advisers, custodians, bankers and all related financial institutions, and maintain the infrastructure and portfolio management and operational systems of the Investment Management Service

(b) To review the procedures and operating methods of the Investment Management Service

(c) Enhancement of the Investment Management Service through the addition of five new posts, indexed management costs, including the costs of transition management services, and consultant costs

(c) Improving the efficiency and flexibility of the Investment Management Service in adopting new investment approaches requires a stronger and more sophisticated infrastructure.

Implement a full segregation of duties on investment and cash management decisions (para. 89)

(k) Creating an effective enabling environment for private sector investment for sustainable forest management

UNFPA and UNDP regularly discuss UNFPA funds to ensure efficient cash and investment management.

(d) In view of the size and diversification of the investment portfolio, the Investment Management Service should increase the number of investment managers or review the possibility of hiring additional discretionary investment advisers (AS2001 95 1 14)

(f) Implement a full segregation of duties on investment and cash management decisions (para. 89)

(f) Implement a full segregation of duties on investment and cash management decisions (para. 89)

The project will assist the Investment Management Service in mitigating exposure to various risk factors.

Investment cost describes the resources invested in implementing management improvement measures during the reporting year.

b Breakdown of posts, including posts in the Investment Management Section, is set out below.

(e) The new investment officer will be specialized in alternative asset management, the skills for which significantly differ from those for conventional portfolio management.

Notwithstanding the growth in the Fund s assets and a complex investment environment, there had been significant improvements in the efficiency and cost effectiveness of investment management.

The office of the Director is responsible for the overall operations of the Investment Management Service.

(4) Where the investment scopes or investment proportions of the security self operation business and portfolio management business of a securities firm are not conformed to provisions

This effort will be complemented by investment in Headquarters and mission data collection and information management systems.

A new management team had been appointed for the General Authority for Investment and Free Zones (GAFI).

Significant investment is being made in projects focused on management reform, and significant benefits are being attained.

A state of the art system will allow the Investment Management Service to rapidly and accurately handle complex investment data and analyse the portfolio risk and its performance.

3. The Investment Management Service has two in house systems (a) a Portfolio Management System, which was installed in 1993 and (b) the Investment Control and Accounting System, which provides automated accounting for the transaction activities of the investments of the Pension Fund.

(b) In order to establish accountability, the Investment Management Service should either (i) ensure that the fixed income investment officer acts with greater independence in the management of the portfolio or (ii) consider outsourcing the fixed income portfolio while maintaining the investment officer to monitor the performance of the outsourced portfolio (AS2003 801 02 011)

By realigning the Fund's investment, infrastructure and team configuration, a number of the audit recommendations made to the Investment Management Service in the past few years can be implemented.

Assesses the investment performance measurement process and reporting system at the Investment Management Service and the appropriateness of benchmarking and investment performance reporting in conformity with best industry practices determines the adequacy and effectiveness of the internal controls.