London CIV awards alternative investment custody mandate
0LGPS pool London CIV has appointed Northern Trust Global Services as custodian of its alterative investment funds.
The appointment will see the company undertake administration, custodian and depositary services to support further investments in alternative assets.
In a statement announcing the appointment, the CIV said: “Work is underway to expand the current fund offering to include alternative investments.”
The value of the contract, which was awarded to Northern Trust after the CIV received four tenders, is £2.7m.
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