Portfolio management

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

A provision of 10,191,900 is made for contractual services for portfolio management.

Department of Management

(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)

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

Centrally administered costs of the Department of Management

(c) The respective responsibilities of the Department of Management and the Department of Peacekeeping Operations

Subsequently renamed Department for General Assembly and Conference Management.

Article 76 A securities firm shall undertake real time monitoring on trading behaviors of its self operation accounts and portfolio management accounts.

(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. Reform of the Department for General Assembly and Conference Management

The Consultative Group to Assist the Poor (CGAP) review of the UNDP microfinance portfolio found that MicroStart is the most successful model in the entire UNDP portfolio, and that the design and technical management of UNCDF were key factors behind its success.

The Department of Management is solely responsible for activities covered by subprogramme 1, Management services and administration of justice.

Improving the performance of the Department for General Assembly and Conference Management

The second post should be redeployed from within the Department of Management.

Improving the performance of the Department for General Assembly and Conference Management

b The Department of Management is solely responsible for activities covered by subprogramme 1, Management services and administration of justice.

Article 82 Where a securities firm conducts trading between its security self operation accounts and portfolio management accounts, or between different portfolio management accounts, and has no sufficient evidences to prove effective separation of these accounts is realized according to laws, it shall be punished according to the provisions prescribed in Article 220 of the Securities Law of the People s Republic of China.

(d) It is imperative to develop policies outlining the standards of the Investment Management Service that specifically focus on portfolio management and trading practices, independent pricing and valuation of portfolio securities, safety and custody of assets, disclosure to Fund participants, disclosure of potential conflicts of interest, privacy protection, protection of non public information, business continuity and standards of ethical behaviour for investment staff

His own Department was providing technical assistance to both projects and unequivocally supported the judgement and decisions of the Department of Management.

Meanwhile, sufficient space for additional offices and support facilities for the Department at Headquarters has been arranged by the Department of Management.

Recommendations 1, 2 and 3 are the responsibility of the Department of Management rather than of the Department of Safety and Security.

Disaster management is a complex portfolio, and though most countries have an established national disaster management agency, the magnitude of the disaster is sometimes way beyond their capabilities hence the apparent state of paralysis which follows.

(5) Where a securities firm engaging in portfolio management business accepts a single entrustment of its client with the value less than the minimal value prescribed.

Source Department for General Assembly and Conference Management, as at 31 July 2005.

(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

Published at Headquarters, New York, by the Department for General Assembly and Conference Management.

In the meantime, the Executive Office of the Department of Management continues to provide some functional support to the Department of Safety and Security.

A large number of women work in sub divisions that organise the technical work of the Parliament and Government (department of government sessions, department of information systems and document management, accounting department).

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.

In the context of the Global Environment Facility (GEF), UNDP has initiated a programme for integrated risk management and climate change adaptation for a growing portfolio of projects.

Delivery project portfolio of services

The project on strengthened security at Headquarters was also headed by the Department of Management.

A Portfolio Approach to Climate Change

The Advisory Committee is of the opinion that the Secretariat should continue to draw upon the resources available in the Department of Management or, where feasible, the Department for General Assembly and Conference Management, during periods when additional capacity is required.

It is revolutionary in that the Department has undergone a transformation from conference services to conference management and is gradually moving towards integrated global management.

The Board notes that other offices (Department for General Assembly and Conference Management, Department of Political Affairs and ECLAC) have not strictly adhered to the administrative instructions.

The Executive Secretary, in agreement with the Department of Management, has taken over most of the responsibility for financial, procurement and personnel management of the secretariat.

Since the Fund invests in small capitalization equities in the United States, Europe and Japan, in house management would require a significant number of portfolio managers and analysts dedicated to research.

Subprogramme 1 is solely the responsibility of the Department for General Assembly and Conference Management at Headquarters.

The reform of the Department for General Assembly and Conference Management has been both revolutionary and evolutionary.

The Department for General Assembly and Conference Management has facilitated, through the meetings management system (e Meets), web based requests by permanent missions for Secretariat conference services.

The Office of the Legal Counsel maintains close contacts with its recurring clients, such as the Department of Peacekeeping Operations and the Department for General Assembly and Conference Management.

Essentially, the model is based on building up a substantial portfolio of large scale projects, achieving high levels of delivery and efficiency over a short period of time through efficient project management.