Westinghouse Electric Co.
($ millions)
Total assets7,305
Defined benefit4,018
401(k)3,287
Employer DB contributions0
Benefit payments710
Employer DC contributions55
Internally managed assets:
Defined benefit1,463
Defined contribution3
Hedging devices used:
Stock options
Stock index futures
Short selling
Defined benefit asset mix:
Stocks56%
Fixed income19%
Cash equivalents1%
Real estate equity10%
Mortgages3%
Other11%
Defined contribution asset mix:
Company stock6%
Other stock5%
Fixed income89%
PITTSBURGH - As of Sept. 30, Westinghouse Electric Co.'s total employee benefit assets increased 7% from a year earlier. Defined benefit assets increased 2.7% during the same period; defined contribution assets increased 13%.
Equity managers: Domestic - AIM; Brandywine; Columbus Circle; Equinox; J.P. Morgan; Jennison.
International: Clay Finlay; J.P. Morgan; State Street.
Fixed-income managers: Domestic - MacKay-Shields; Putnam; Pioneering.
Real estate managers: Citibank; Equitable; Mellon McMahan.
The master trustee is Mellon Bank for the defined benefit plan and Bankers Trust for the defined contribution plan; the global custodian is Mellon Bank. The investment consultant is Frank Russell.
Key personnel overseeing the investment management of the fund are Thomas G. Scannell, director, pension investments; Joanne S. Welsh, manager,pension investments; and Nancy Gleyze, manager-savings plan assets.
State of Wisconsin
Investment Board
($ millions)
Total assets*29,319
Defined benefit29,319
Employer DB contributions847
Benefit payments864
*as of Aug. 31, 1993
Internally managed assets:
Defined benefit26,205
Hedging devices used:
Bond options
Defined benefit asset mix:
Stocks.62%
Fixed income.31%
Cash equivalents.4%
Real estate equity.3%
MADISON, Wis. - As of Aug. 31, the State of Wisconsin Investment Board's employee benefit assets increased 19% from June 30, 1992. All assets are defined benefit.
Equity managers: Domestic - Wells Fargo.
International - Baillie Gifford; Capital Guardian; General Electric; Genesis; Morgan Stanley.
Fixed-income managers: International - Alliance; Brinson; Deutsche Bank; Morgan Grenfell; Nomura.
The master custodian and global custodian is the Boston Co.
Key personnel overseeing the investment management of the fund are Patricia Lipton, executive director; John Zwadzich, James Severance, and John Nelson, investment directors.
International Bankfor Reconstructionand Development
(World Bank)
($ millions)
Total assets5,208
Defined benefit5,208
Employer DB contributions117
Benefit payments87
Internally managed assets:
Defined benefit597
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Managed futures
Defined benefit asset mix:
Stocks67.9%
Fixed income16.4%
Cash equivalents0.2%
Real estate equity3.7%
Other11.8%
WASHINGTON - As of Sept. 30, the total employee benefit assets of the International Bank for Reconstruction and Development (World Bank) increased 21.7% from a year earlier. All assets are defined benefit.
The master trustee is State Street Bank; the global custodians are Northern Trust and State Street Bank. The investment consultant is Strategic Investment Partners.
Key personnel overseeing the investment management of the fund are Nestor V. Santiago, director-pension department, and Kelda J. Caldwell, chief-investment control unit.
Xerox Corp.
($ millions)
Total assets*5,132
Defined benefit3,553
Total defined contribution1,579
|Profit-sharing/401(k)1,421
|ESOP158
Employer DB contributions143
Benefit payments97
Employer DC contributions12
*as of June 30, 1993
Hedging devices used:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks64%
Fixed income22%
Cash equivalents9%
Real estate equity5%
Defined contribution asset mix:
Company stock14%
Other stock23%
Fixed income7%
GICs/BICs53%
Cash equivalents3%
STAMFORD, Conn. - As of June 30, Xerox Corp.'s total employee benefit assets increased 21.3% from a year earlier. Defined benefit assets increased 17.5% during the same period; defined contribution assets increased 31%.
Equity managers: Domestic - Ardsley; Aster; Birmingham; First Pacific-Dallas; First Pacific-Los Angeles; Friess; Geewax Terker; Gem; GeoCapital; Hellman Jordan; Quest; RCM; Sound Shore; Steinberg; TCW; Wells Fargo Nikko.
International - Capital Guardian; Grantham, Mayo; Jennison; J.P. Morgan; Rowe Price-Fleming; Wells Fargo Nikko.
Fixed-income managers: Domestic - Bankers Trust; Gem; W.R. Huff; J.P. Morgan; PIMCO; RCM Capital.
Real estate and alternative managers: G.E. Investments; Horsley Keough; JMB; RREEF; TCW.
The master trustee and global custodian is State Street; the investment consultant is Russell.
Key personnel overseeing the investment management of the fund are Myra R. Drucker, assistant treasurer; Mary Cahill, manager-policies and planning; and Gerald Paolini, manager-strategies and research.
