JPMorgan Wins Admin. Gig From London’s Biggest Pension Authority

Mar 14 2008 | 9:58am ET

The London Pensions Fund Authority has selected JPMorgan to provide portfolio administration and performance reporting for their alternative investment portfolio. The mandate represents JPMorgan’s first alternative investment portfolio administration outsourcing agreement in the U.K.

JPMorgan Private Equity Fund Services will provide LPFA—which is the biggest U.K. pension authority—with services including cash management, cash flow tracking, performance measurement and analytics.

JPMorgan is the global custodian for LPFA’s £3.6 billion portfolio, and also provides the pension authority with accounting, performance measurement, class actions and securities lending services. JPMorgan has provided custody services for LPFA since 1991.

"JPMorgan has been our long-standing trusted provider of custody and related securities services, and we are pleased to extend our relationship with them to also include Private Equity Fund Services" said Vanessa James, investment director at LPFA.

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