Teachers' Retirement
System of Illinois
($ millions)
Total assets*11,714
Defined benefit11,714
Employer DB contributions319
Benefit payments714
*as of Aug. 30, 1993
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Managed futures
Defined benefit asset mix:
Stocks51%
Fixed income31%
Cash equivalents1%
Real estate equity14%
Venture capital3%
SPRINGFIELD, Ill. - As of Aug. 30, the Illinois Teachers' Retirement
System's total employee benefit assets increased 9.6% from a year earlier. All assets are defined benefit.
Equity managers: Domestic - ANB; Ariel; Ark; Brandywine; Brinson;
Cedar Hill; Cozad; Eagle; Hotchkis & Wiley; Holland; Keystone; Lazard
Freres; Lehman; MPI; Munder; Morgan Stanley; NCM; Oppenheimer; Pe?a;
PIMCO; RCM; Russell; RXR; UBS.
International - Blairlogie; Brandywine; Brinson; Daiwa; Delaware;
Clay Finlay; HD International; Hotchkis & Wiley; IDS International;
Murray Johnstone; PCM; Pyrford; Scudder Stevens; UBS International.
Fixed-income managers: Domestic - Abacus; Amalgatrust; ANB; Bear
Stearns; Brinson; PIMCO; Weiss, Peck & Greer.
International - Julius Baer; Brinson; J.P. Morgan; Putnam Advisory;
Smith Barney.
Real estate managers: Alex Brown; Brinson; Capital Associates;
Common Fund; Commonwealth; Cozad Farm Land; Jones Lang Wooton; JMB;
K/B Realty; Lincoln Capital; Security Lending; TCW.
Venture capital managers - DLJ; Frontenac.
Currency managers - A.G. Bissett; Rothschild; RXR Currency.
The master custodian and global custodian is Harris Bank and Trust; the investment consultant is Callan Associates.
Key personnel overseeing the investment management of the fund are
Robert Daniels, executive director; Thomas Zimmerman, chief investment officer; Don Nesbitt, manager of investments; and Rick
Begando, investment accounting manager.
Indiana Public Employees'
Retirement Fund
($ millions)
Total assets*4,683
Defined benefit4,683
*From Money Market Directory
INDIANAPOLIS - The Indiana Public Employees' Retirement Fund had
$4.683 billion in total employee benefit assets, all in a defined benefit plan, according to the Money Market Directory.
Indiana State Teachers'
Retirement Fund
($ millions)
Total assets3,118
Defined benefit350
Annuity purchase2,768
Employer DB contributions204
Benefit payments277
Employer DC contributions0
Defined benefit asset mix:
Fixed income100%
Defined contribution asset mix:
Fixed income100%
INDIANAPOLIS - As of Sept. 30, the Indiana State Teachers'
Retirement Fund's total employee benefit assets increased 20.2% from a year earlier. Defined benefit assets stayed the same level during the period; defined contribution assets increased 23.4%.
Fixed-income managers: Alliance Capital; Alpha Capital; Bank One;
Bank of New York; Baxter Capital; INB National Bank; Merchants
Capital; Reams Asset; Taplin, Canida & Habacht; Todd Investment.
The master trustee is NBD.
The key person overseeing the investment management of the fund is
Robert D. Newland, investment officer.
International Paper
($ millions)
Total assets3,785
Defined benefit2,644
Thrift/savings1,141
Employer DB contributions.1
Benefit payments124
Employer DC contributions35
Hedging devices used:
Stock options
Stock index futures
Fixed-income futures
Managed futures
Defined benefit asset mix:
Stocks64%
Fixed income26%
Cash equivalents2%
Real estate equity5%
Alternative investments3%
Defined contribution asset mix:
Company stock57%
Other stock7%
Fixed income36%
PURCHASE, N.Y. - As of Sept. 30, International Papers' total employee benefit assets increased 6.1% from a year earlier. Defined benefit assets increased 7.4% during the same period; defined contribution assets increased 3.4%.
The master trustee and global custodian is State Street BAnk.
Key personnel overseeing the investment management of the fundare Joyce M. Nelson, staff vice president and director of investments; Connie R. Caperella, manager-trust investments and Patricia M. Freda, manager-trust operations.
Iowa Public Employees'
Retirement System
($millions)
Total assets7,092
Defined benefit7,092
Employer DB contributions176
Benefit payments223
Internally managed assets
Defined benefit44
Hedging devices used:
Fixed income futures
Defined benefit asset mix
Stocks32.8%
Fixed income42.4%
Cash equivalents.6%
Real estate equity5.4%
TAA10.3%
LBOs7.1%
Venture capital1.4%
DES MOINES, Iowa-- As of Sept. 30, the Iowa Public Employees' Retirement System's total employee benefit assets increased 11.3% from a year earlier. All assets are defined benefit.
Equity managers: Domestic-- Capital Guardian; Mellon; RCM; Wellington Trust.
International-- Clay Finlay; Nomura; OSV Currency; Philippe; Schroder.
Fixed-income managers: Domestic--Boston Co.; J.P. Morgan; Loomis Sayles; Heitman; Mellon; Miller Anderson & Sherrerd.
Global-- Morgan Grenfell; WorldInvest
Real estate managers: AEW; Cadilliac Farview; Copley; Heitman; JMB Institutional.
Venture capital managers: Allsop; Cable & Howse; Golder Thoma Cressey; Health Care Investment; Heart Land Seed Capital; Interver; InterWest; Invest America; Lawrence, Tyrrell Ortale & Smith; Matrix; Menlo; Prime Cable; Summit; TA Associates; Vestar Capital.
Special equity managers: KKr; TCW Special Placements; Gibbons Goodwin van Amerongen; WCAS.
The master custodian and global custodian is Boston Safe Deposit; the investment consultants are Asset Strategy Consulting, Pathway Capital and Wilshire.
Key personnel overseeing the investment management of the fund are Elizabeth M. Sanders, chief investment officer; Kathy Comito, investment officer; and Curt Gerlach, investment officer.
ITT Corp.
($ millions)
Total assets4,510
Defined benefit3,186
Thrift/savings1,324
Internally managed assets:
Defined benefit1,029
Defined benefit asset mix:
Stocks62%
Fixed income20%
Cash equivalents4%
Real estate equity5%
Mortgages3%
Other6%
Defined contribution asset mix:
Company stock36%
Other stock14%
Fixed income47%
Other3%
NEW YORK - As of Sept. 30, ITT Corp.'s total employee benefit assets increased 25.2% from a year earlier. Defined benefit assets increased 76% during the same period; defined contribution assets decreased 26.3%.
Equity managers: Domestic - Alliance; Arnhold & S. Bleichroeder; Bankers Trust; Barrow Hanley; GAMCO; Hartford; Jennison; Northern Trust; State Street Research.
International - Alliance International; Capital Guardian; Lazard; Wardley.
Fixed-income managers: Domestic - Alliance; Bankers Trust; J.P. Morgan; State Street Research.
International - Morgan International; WorldInvest.
Real estate managers: CB; Corporate Property Investors; Equitable; MetLife; RREEF.
Other managers: Blackstone Corporate Advisors; Butler Capital; GKH Partners; KKR; Kohlberg Co.; Providence Media; Morgan Multi-Market.
The master trustee is Northern Trust; the global custodian is TNT-London.
Eileen Leahy, manager-pension fund trusts, oversees the investment management of the fund.
Johnson & Johnson
($ millions)
Total assets2,451
Defined benefit1,611
|401(k)840
Employer DB contributions1
Benefit payments54
Defined benefit asset mix:
Stocks77%
Fixed income20%
Real estate equity3%
NEW BRUNSWICK, N.J. - As of Sept. 30, Johnson & Johnson's total employee benefit assets increased 9.5% from a year earlier. Defined benefit assets increased 12% during the same period; defined contribution assets increased 5%.
Equity managers: Domestic - Alliance; Amerindo; Bankers Trust; Barrow Hanley; Capital Guardian; Investment Advisors; J.P. Morgon; Newberger and Berman; Nicholas-Applegate; RCM Capital.
International-- Capital Guardian; IDS; Merrill Lynch.
The master trustee is Bankers Trust; the investment consultant is William M. Mercer.
Key personnel overseeing the investment management of the funds are John Papa, assistant treasurer-finance and banking; JoAnn Heisen, treasurer, and Bill Rauh, director-pension funds.
