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January 24, 1994 12:00 AM

LARGEST PENSION FUNDS; PART 24 OF 25

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    USX Corp.

    ($ millions)

    Total assets9,760

    Defined benefit9,310

    401(k)450

    Employer DB contributions0

    Benefit payments1,030

    Employer DC contributions19

    Internally managed assets:

    Defined benefit9,310

    Defined contribution180

    Defined benefit asset mix:

    Stocks51.5%

    Fixed income36.7%

    Cash equivalents8.6%

    Real estate equity2.8%

    Mortgages0.2%

    Other0.2%

    Defined contribution asset mix:

    Company stock31.8%

    Other stock12.7%

    Fixed income8.4%

    GICs/BICs43.7%

    Other3.4%

    PITTSBURGH - As of Sept. 30, USX Corp.'s total employee benefit assets decreased 1% from a year earlier. Defined benefit assets decreased 1.6% during the same period; defined contribution assets increased 12.5%.

    Equity managers: Domestic - Bankers Trust, Waddell & Reed.

    The master custodians are J.P. Morgan and U.S. Trust; the global custodian is J.P. Morgan.

    Key personnel overseeing the investment management of the fund are Gary A. Glynn, president, and Peter C. Lincoln, vice president-investments.

    Utah Retirement Systems

    ($ millions)

    Total assets6,300

    Defined benefit5,900

    401(k)400

    Employer DB contributions200

    Benefit payments170

    Employer DC contributions3

    Internally managed assets:

    Defined benefit2,850

    Defined contribution40

    Defined benefit asset mix:

    Stocks62%

    Fixed income32%

    Cash equivalents1%

    Real estate equity5%

    Defined contribution asset mix:

    Stock15%

    Fixed income10%

    GICs/BICs70%

    Cash equivalents5%

    SALT LAKE CITY, Utah - As of Sept. 30, the Utah Retirement Systems' total employee benefit assets increased 26% from a year earlier. Defined benefit assets increased 26.3% during the same period; defined contribution assets increased 21.2%.

    Equity managers: Domestic - Atalanta Sosnoff; Fidelity; Morgan Stanley; Scudder; J&W Seligman; UBS Asset; ValueLine; Wellington.

    International - Baring; Cap Guardian; J.P. Morgan; Schroder; Templeton.

    Fixed-income managers: International - Rogge.

    Real estate managers: Aetna; Alex. Brown Kleinwort; Metric; Sentinel.

    The master and global custodian is Northern Trust; the investment consultant is Callan.

    Key personnel overseeing the investment management of the fund are M. Dee Williams, executive director; Richard L. Cherry, chief investment officer; and William P. Chipman, assistant investment officer.

    Virginia Retirement System

    ($ millions)

    Total assets16,419

    Defined benefit16,419

    Employer DB contributions671

    Benefit payments668

    Internally managed assets:

    Defined benefit794

    Hedging devices used:

    Stock options

    Bond options

    Stock index futures

    Fixed-income futures

    Short selling

    Managed futures

    Defined benefit asset mix:

    Stocks59%

    Fixed income30%

    Cash equivalents3%

    Real estate equity7%

    Managed futures1%

    RICHMOND, Va. - As of Sept. 30, the Virginia Retirement System's total employee benefit assets increased 12% from a year earlier. All assets are defined benefit.

    Equity managers: Domestic - Ardsley Partners; Aronson + Fogler; Bankers Trust; Capital Growth; Cowen; Delaware; EAI Americas Fund; Fidelity; First Quadrant; Gamco; GeoCapital; Hutchinson, Richardson; Hutson; IDS Advisory; IRC; Jacobs, Levy; Jundt/Capen; J.L. Kaplan; Kennedy Capital; Lincoln Capital; Mellon; J.P. Morgan; Nicholas-Applegate; Numeric; Pacific Financial; Progress; Quantitative; Rosenberg; Donald Smith; Tukman; Twin Capital.

    International - Acadian International; Clay Finlay; JEDA Fund; Merrill Lynch; Rowe Price-Fleming; State Street International.

    Fixed-income managers: Domestic - Sanford C. Bernstein; MacKay-Shields; Massachusetts Financial; Merganser; Morgan Grenfell; Progress; Security Capital; Sovran Capital; Western Asset.

    Global - Bridgewater; Morgan Grenfell.

    Managed futures managers: Glenwood Investment; Hart Bornhoft; Kenmar Investment; Kidder, Peabody; Ramsey Financial.

    Alternative equity: Advent; Brinson Partners; Champion Healthcare; Chartwell Re; Clayton Dubilier; First Reserve; Forstmann Little; Hellman Friedman; Joseph, Littlejohn, Levy; Madison Dearborn; Molecular Dynamics; New Enterprise; Olympus; Spectra Diode Labs; Summit Ventures; TCW; VPAF II; Warburg, Pincus; WCAS VI; Whitney; Zell/Chilmark.

    The master custodian and global custodian is Boston Safe Deposit & Trust; the investment consultant is Rogers, Casey.

    Key personnel overseeing the investment management of the fund are John McLaren, managing director alternative investments/derivatives; Nancy Everett, managing director international equity, fixed income and cash; Garry Allen, managing director domestic equity; and Tom Hassard, managing director, real estate.

    Washington State

    Investment Board

    ($ millions)

    Total assets 19,223

    Defined benefit 19,223

    Internally managed assets:

    Defined benefit 8,968

    Hedging devices used:

    Stock index futures

    Defined benefit assets

    Stocks40.3%

    Fixed Income46.5%

    Cash Equivalents0.2%

    Real Estate Equity3.4%

    Mortgages0.3%

    Global markets1.1%

    Venture capital1.6%

    LBO6.6%

    OLYMPIA, Wash. - As of Sept. 30, the Washington State Investment Board's total employee benefit assets - all defined benefit - increased 17% from a year earlier.

    Equity managers: Domestic - Advanced; Capital Guardian; Chancellor; Denver; Independence; Kenwood; Parametric; PIMCO; Putnam; Wells Fargo; Wilke/Thompson; and Zevenbergen;

    International - Cursitor-Eaton.

    Fixed-income managers:

    International - Cursitor-Eaton.

    The master custodian and global custodian is Bank of New York; the investment consultant is Wilshire.

    Key personnel overseeing the investment management of the fund are Philip Halpern, chief investment officer; and Steve Gradow, Jim Hoffmann and Jeff Watts, senior investment officers.

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