# Hotel Industry Employees Provident Fund

Hotel Industry Employees Provident Fund is a Pension Fund based in Nicosia, Cyprus.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Nicosia, Cyprus
- **Region:** Europe
- **Address:** Nicosia, Cyprus
- **Founded:** 1982
- **Assets under management:** 245 (Altss estimate)
- **Website:** www.hepfund.com.cy

## Regulatory record

- **Reports private funds:** No

## About

The Hotel Industry Employees Provident Fund was created in 1982 through an agreement among the Cyprus Hotels Association, the Cyprus Workers’ Confederation, and the Pancyprian Federation of Labour. Its mandate covers retirement, disability, and death benefits for employees in the Cypriot hotel sector. The fund maintains an institutional real estate portfolio focused on mixed-use assets in Cyprus. It also allocates to a global investment grade credit fund and a fund of hedge funds. These holdings reflect a conservative posture centered on income generation and diversification outside the domestic market. The Management Committee includes Marios Ellinas, General Manager of Lordos Hotels (Holdings) Public Ltd, and Adonis Elia, CFO of the same company. The fund participated in the 2022 IORP Climate Stress Test run by the European Insurance and Occupational Pensions Authority. Governance ties to the three founding labor and industry bodies provide the primary structural distinction from other Cypriot pension vehicles.

## Sectors

- Real Estate
- Fixed Income
- Hedge Funds

## People

- Marios Ellinas — Member of the Management Committee
- Adonis Elia — Member of the Management Committee

## Questions

### Who established the Hotel Industry Employees Provident Fund?

The fund was established in 1982 by the Cyprus Hotels Association, the Cyprus Workers’ Confederation, and the Pancyprian Federation of Labour.

### What asset classes does the fund hold?

The fund holds an institutional real estate portfolio in Cyprus, a global investment grade credit fund, and a fund of hedge funds.

### Who sits on the Management Committee?

Marios Ellinas and Adonis Elia, both executives at Lordos Hotels (Holdings) Public Ltd, serve on the Management Committee.

## Related profiles

- [Tokyo University of Science Investment Management](https://altss.com/profile/tokyo-university-of-science-investment-management)
- [Asiya Investments](https://altss.com/profile/asiya-investments)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hotel-industry-employees-provident-fund

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