State St. to Manage $100M More for Firm

State Street Corp.'s investment management arm has taken on more retirement plan business from Fort James Corp., a paper, packaging, and consumer products company in Deerfield, Ill.

Boston-based State Street Global Advisors said this week that it was tapped to manage an additional $100 million in fixed-income and equity for Fort James' defined-benefit plan, which has $1.6 billion of assets. That is up from $300 million.

State Street also took on management of $250 million in equity-index funds for Fort James' defined-contribution plan, which has $1.5 billion of assets.

State Street, which manages $422 billion of assets, is also master trustee for the defined-benefit plan. Northern Trust is administrator, master trustee, and record keeper for the company's two defined- contribution plans.

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