London Borough of Enfield Local Government Pension Scheme rehired State Street Corp. as global custodian of the £550 million ($1.05 billion) fund, according to a news release.
State Street will also provide related services, including securities lending, performance measurement and foreign exchange functions. Paul Reddaway, pension fund manager and secretary, could not be reached by press time for comment.
Hewitt Associates advised. A Hewitt spokesman said he couldnt comment on behalf of clients.