Investment Management 32

Audit of the Investment Management Service investment performance measurement system

Office of the Director, Investment Management Service

Office of the Director, Investment Management Service

Recommendations 7 (a) and (d) Investment management

In contrast to lending activities, banks commitment to foreign markets has remained virtually unaffected with respect to purely intermediary activities such as investment banking and asset management.

B. Pre investment follow up activities

Table 25 History of the Investment Management Service

Mr. H. L. Ouma, Chief, Investment Management Service

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

Funds drawn from the investment management companies was 26,350,000.

These comprise investment in deposits, bonds and equities managed by the United Nations Investment Management Service.

70. The Department for Development Support and Management Services is also currently involved in technical cooperation activities that assist in foreign investment policy development.

As the Fund continues to grow, a structure will be in place that will ensure efficient and safe investment management and operations activities. quot

UNDP apos s primary role in the Facility is the development and management of capacity building programmes, pre investment activities, technical assistance and targeted research.

The estimates for administrative expenses would be charged directly against the Fund and included administrative costs, which related basically to the Pension Fund secretariat and its operations, and investment costs, which related to the management of the investments, including the activities of the Investment Management Service.

3. Management of technical cooperation activities

4. Management of technical cooperation activities

2. MANAGEMENT OF TECHNICAL COOPERATION ACTIVITIES

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

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

B. Pre investment follow up activities . 11 13 4

ACTIVITIES OF THE TRANSNATIONAL CORPORATIONS AND MANAGEMENT

Provide funding for activities in waste management.

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

As regards the investment decision making process, some members of the Board suggested that there should be more than one investment adviser, and that the management of the investments should be entrusted to external investment managers who would be under the supervision of the Investment Management Service.

UNIFEM investment in these activities amounted to 100,000 for 2004.

Table 6. Investment as at 31 December 1992 supplementary activities

Ongoing activities include the development of standards and recommendations in sustainable transport, promotion of energy efficient technology and energy efficient investment projects and promotion of sustainable forest management.

It notes, however, that investment activities carried out by the United Nations Investment Management Service for the Pension Fund may be audited without restrictions by the United Nations Internal Audit Division, as these are managed by the Secretary General.

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

Table 8 Key activities in knowledge management, 2004

(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

The Secretary General, through the Investment Management Service, continued to search for investment opportunities in developing countries during the year under review.

(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

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

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

(UN H 23 790) Management of technical cooperation activities

LDCs continue to receive priority in investment related and emergency assistance activities.

Investment follow up activities will ensure continued replenishment payments to the Fund.

(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)

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.

Table 7 Key activities in management and leadership development, 2004