Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
June 26, 1995 01:00 AM

SPECIAL REPORT;INTERNATIONAL/GLOBAL MANAGERS (PART 17/18)

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    State Street Global Advisors

    2 International Place, Boston, Mass. 02110; phone: (617) 654-4378; fax:

    (617) 654-6012

    (U.S. $ millions)

    Total discretionary assets140,874

    Non-U.S. pension assets14,744

    U.S. discretionary tax-exempt assets managed:

    Total international/global22,565

    International21,861

    *Active equity accounts2,329

    *Active bond accounts253

    *Balanced370

    *Indexed equity accounts17,022

    *Emerging markets1,800

    *Other87

    Global704 *Active equity accounts100

    *Balanced604

    State Street Global Advisors had $21.861 billion in international accounts and $704 million in global accounts as of March 31.

    The firm's asset mix for international accounts was 95% equity, 3% bonds, 2% cash as of March 31; equity assets were committed most heavily to Japan, the United Kingdom, Germany, France and Switzerland.

    As of the same date, its global account asset mix was 62% equity, 35% bonds, 3% cash; equity assets were committed most heavily to the United States, Japan, the Netherlands, France and the United Kingdom.

    The firm's active strategies use quantitative techniques and favor countries with low relative price multiples, low interest rates and high cash flow growth. They select stocks with improving earnings outlooks and lower multiples. Their passive products use replication.

    The firm runs $3.978 billion of U.S. institutional, discretionary tax-exempt assets in passive currency hedging, currency protection, currency selection and currency as an asset class programs; $2.738 billion of the underlying assets is managed internally.

    Analysts or portfolio managers are stationed in Boston, Montreal, London, Paris, Sydney and Tokyo.

    The firm is a subsidiary of State Street Boston Corp.

    Peter Stonberg is chief investment officer; John Grady is client contact.

    Strategic Investment

    Partners Inc.

    1001 19th St. N., 16th floor, Arlington, Va. 22209; phone: (703) 243-4433; fax: (703) 243-2266

    (U.S. $ millions)

    Total global discretionary:

    Assigned to other firms8,442

    U.S. tax-exempt:

    Assigned to other firms7,205

    Minimum separate account30

    Strategic Investment Partners Inc., a manager of managers, invests in global equities and fixed income through broadly diversified value-based portfolios that comprise active and passive equity and active fixed-income management allocated in accordance with its in-house global valuation model.

    The firm runs $2.267 billion of U.S. institutional, discretionary tax-exempt assets in currency hedging programs; none of the underlying assets is managed internally.

    Analysts or portfolio managers are stationed in Arlington, Va.

    The firm has been registered with the SEC since 1987.

    Hilda Ochoa is chief investment officer; Mary Choksi is client contact.

    TCW Group of Cos.

    865 S. Figueroa St., Los Angeles, Calif. 90017; phone: (213) 244-0000; fax: (213) 244-0741

    (U.S. $ millions)

    Total discretionary assets38,956

    U.S. discretionary tax-exempt assets managed:

    Total international/global1,126

    International1,126

    *Active equity accounts386

    *Active bond accounts319

    *Balanced421

    TCW Group of Cos. had $1.126 billion in international accounts as of March 31.

    The firm offers multiple investment approaches.

    In addition to assets listed above, $5.806 billion in U.S. institutional, discretionary, tax-exempt assets are managed in global accounts on the firm's behalf by external managers.

    Analysts or portfolio managers are stationed in Los Angeles, New York, Houston, London and Hong Kong.

    The firm, a subsidiary of TCW Group Inc., has been registered with the SEC since 1971.

    Marc I. Stern is chief investment officer; Thomas E. Larkin Jr. is client contact.

    Templeton Worldwide

    500 E. Broward Blvd., Suite 2100, Fort Lauderdale, Fla. 33394; phone: (305) 527-7500; fax: (305) 527-7379

    (U.S. $ millions)

    Total discretionary assets42,398

    Non-U.S. pension assets1,445

    U.S. discretionary tax-exempt assets managed:

    Total international/global4,208

    International4,199

    *Active equity accounts4,168

    *Active bond accounts31

    Global9

    *Active equity accounts9

    Minimum separate account25

    Templeton Worldwide had $4.199 billion in international accounts and $9.3 million in global accounts as of March 31.

    The firm is a bottom-up value manager.

    Analysts or portfolio managers are stationed in Fort Lauderdale, Nassau, Hong Kong, San Mateo, Toronto and Edinburgh.

    The firm, a subsidiary of Franklin Resources Inc., has been registered with the SEC since 1979.

    James Wood is client contact.

    TSA Capital Management

    888 W. Sixth St., Suite 1500, Los Angeles, Calif. 90017; phone: (213) 688-3015; fax: (213) 688-8856

    (U.S. $ millions)

    Total discretionary assets1,316

    Non-U.S. pension assets69

    U.S. discretionary tax-exempt assets managed:

    Total international/global295

    Global295

    *Active equity accounts168

    *Active bond accounts119

    *Currency8

    Minimum separate account10

    TSA Capital Management had $295 million in global accounts as of March 31.

    As of the same date, its global account asset mix was 58% equity, 26% bonds, 16% cash; equity assets were committed most heavily to the United States, Japan, the United Kingdom and Hong Kong.

    The firm is an active global asset allocator, using a quantitative and pragmatic approach, combined with disciplined implementation.

    In addition to assets listed above, $287 million in U.S. institutional, discretionary, tax-exempt assets are managed in global accounts on the firm's behalf by external managers.

    The firm runs $287 million of U.S. institutional, discretionary tax-exempt assets in currency overlay programs; none of the underlying assets is managed internally.

    Analysts or portfolio managers are stationed in Los Angeles.

    The firm has been registered with the SEC since 1985.

    Roger G. Clarke is chief investment officer; Charles M. Miller is client contact.

    UBS International

    Investment London

    1211 Avenue of the Americas, 38th floor, New York, N.Y. 10036; phone: (212) 319-2009; fax: (212) 319-1589

    (U.S. $ millions)

    Total discretionary assets4,997

    Non-U.S. pension assets802

    U.S. discretionary tax-exempt assets managed:

    Total international/global961

    International961

    *Active equity accounts961

    Minimum separate account20

    UBS International Investment London had $961 million in international accounts as of March 31.

    The firm's asset mix for international accounts was 94% equity, 6% cash as of March 31; equity assets were committed most heavily to Japan, France, the United Kingdom, Australia and Germany.

    The firm's value-oriented bottom-up equity approach is based on fundamental analysis of company-specific and macroeconomic factors to uncover companies selling at below-market valuations with improving fundamentals and strong growth potential.

    Analysts or portfolio managers are stationed in London, Zurich, New York and Tokyo.

    The firm, a subsidiary of Union Bank of Switzerland, has been registered with the SEC since 1987.

    Tony Dye is chief investment officer; George M. Jamgochian is client contact.

    Warburg Investment

    Management International

    780 Third Ave., New York, N.Y. 10017; phone: (212) 751-8340; fax: (212) 751-8553

    (U.S. $ millions)

    Total discretionary assets3,631

    Non-U.S. pension assets449

    U.S. discretionary tax-exempt assets managed:

    Total international/global2,872

    International2,197

    *Active equity accounts682

    *Active bond accounts1,515

    Global675

    *Active equity accounts45

    *Active bond accounts630

    Warburg Investment Management International Ltd. had $2.197 billion in international accounts and $675 million in global accounts as of March 31.

    The firm's asset mix for international accounts was 31% equity, 69% bonds as of March 31; equity assets were committed most heavily to Japan, the United Kingdom, France, Hong Kong and the Netherlands.

    As of the same date, its global account asset mix was 7% equity, 93% bonds; equity assets were committed most heavily to Japan, the United States, the United Kingdom, Australia and the Netherlands.

    The firm's equity style incorporates both a top-down and bottom-up methodology. It follows 25 countries, and will be invested in 16 to 20 countries. The firm's fixed-income approach is top-down and emphasizes investment in major government bond markets. The firm separates currency and bond investment decisions, and actively manages the average duration and duration profile of the portfolio.

    Analysts or portfolio managers are stationed in London, Hong Kong, Melbourne, Montreal, New York, Singapore and Tokyo.

    The firm, a subsidiary of Mercury Asset Management Group PLC, has been registered with the SEC since 1976.

    Richard J. Oldfield is chief investment officer; J. Eric Nelson is client contact for fixed income and Steven W. Golann is client contact for equity.

    Wellington Management Co.

    75 State St., Boston, Mass. 02109; phone: (617) 951-5000; fax: (617) 263-4024

    (U.S. $ millions)

    Total discretionary assets88,512

    Non-U.S. pension assets331

    U.S. discretionary tax-exempt assets managed:

    Total international/global1,928

    International1,689

    *Active equity accounts1,501

    *Active bond accounts120

    *Balanced23

    *Emerging markets45

    Global239

    *Active equity accounts212

    *Active bond accounts27

    Wellington Management Co. had $1.689 billion in international accounts and $239 million in global accounts as of March 31.

    The firm's asset mix for international accounts was 93% equity, 7% bonds as of March 31; equity assets were committed most heavily to Japan, France, the United Kingdom, Spain and Malaysia.

    As of the same date, its global account asset mix was 89% equity, 11% bonds; equity assets were committed most heavily to the United States, Japan, France, Malaysia and Hong Kong.

    The firm offers a wide range of investment styles. Investment decisions are based on top-down country allocation and bottom-up stock selection, based primarily on internal fundamental research.

    Analysts or portfolio managers are stationed in Boston and Valley Forge, Pa.

    The firm has been registered with the SEC since 1960.

    Dena G. Willmore is client contact.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    A Good Time for Trend Following
    Sponsored Content: A Good Time for Trend Following

    Reader Poll

    June 6, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Nearing the finish line: Ideas on end-state investing for corporate DB plans
    The Meaning of "Portfolio Intelligence"
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Crossroads: Politics, Inflation, & Bonds
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    June 20, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit