The Hotel Employees Provident Fund comprises of 14.434 registered members, 10,000 of which are active contributory members. During the last decade the number of members presents a characteristic stability, since from 1997 to 2005 such number has been increased by only 1.33% or 0.17% annually. The most significant data arising from the sampling evaluation of the personal information of the members are: The average age per member 39,48 years old 80% of the members are younger than 50 years old while the percentage of the members who are younger than 45 years old is 66,2%. The average of the remaining work years before retirement is 15.52 years. Only 28% of the Members is expected to retire within the next 10 years. It is concluded that the Fund does not suffer from any "ageing" syndrome which could result in the creation of liquidity problems in the near future. At the same time it is implied that according to the above data the investment horizon and investment policy of the Fund, which must comply with the average of the remaining years before retirement of the members, must range between 10-15 years. Tolerance to the Investment Risk According to the purposes and the background of the Fund in respect of investments, it is shown that the Fund follows and will continue following Law Risk Investment Strategy. Target Returns As a pension Fund which aims at the payment of significant benefits upon retirement of its members, we consider as paramount concern of the Fund the collection of returns from investments which will exceed the level of the annual inflation by approximately 2-3% , which means that the target return is set at about 6% .