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.
