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
    • 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
    • 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 Innovation Investing Conference
    • 2022 Defined Contribution East Conference
    • 2022 ESG Investing Conference
    • 2022 DC Investment Lineup Conference
    • 2022 Alternatives Investing Conference
Breadcrumb
  1. Home
  2. Print
January 22, 1996 12:00 AM

SPECIAL REPORT: LARGEST FUNDS (PART 28/41)

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

    National Rural Electric

    Cooperative Association

    ($ millions)

    Total assets3,685

    Defined benefit2,382

    401(k)1,303

    Employer DB contributions165

    Benefit payments171

    Total DC contributions9

    Internally managed assets:

    Defined benefit931

    Defined contribution898

    Defined benefit asset mix:

    Stocks60%

    Fixed income33%

    Cash equivalents7%

    Defined contribution asset mix:

    Stock55%

    Fixed income32%

    Cash equivalents13%

    ARLINGTON, VA. - As of Sept. 30, the National Rural Electric Cooperative

    Association's total employee benefit assets increased 19% from a year earlier. Defined benefit assets increased 16% during the same period; defined contribution assets increased 25%.

    Employer contributions to the defined benefit plan grew to $165 million from nothing a year earlier; benefits paid increased 37%.

    Defined benefit managers:

    Domestic equities: Barrow, Hanley, Mewhinney & Strauss; Capital

    Guardian; Chesapeake Capital.

    International equities: Grantham, Mayo Van Otterloo; J.P. Morgan.

    Domestic fixed-income: Lincoln Income Group. Other: Saugatuck Capital,

    RFE Partners.

    Defined contribution managers:

    Domestic equities: Grantham Mayo Van Otterloo; State Street Global.

    International equities: State Street Global.

    Domestic fixed-income: Lincoln Income Group.

    The master trustee, the master custodian and the global custodian is

    State Street Bank.

    Key personnel overseeing the investment management of the defined benefit and defined contribution funds are

    Peter R. Morris, executive director - investments; Douglas G. Kern, senior fixed-income portfolio manager; Stuart E. Teach, senior equity portfolio manager; and John J. Szczur, senior investment analyst.

    Nebraska State Retirement

    Systems

    ($ millions)

    Total assets3,059

    Defined benefit2,400

    Total defined contribution*659

    Employer DB contributions80

    Benefit payments160

    *as of Oct. 31, unaudited numbers

    Internally managed assets:

    Defined benefit975

    Defined benefit asset mix:

    Stocks55%

    Fixed income45%

    LINCOLN, Neb. - As of Sept. 30, the Nebraska State Retirement Systems had $3.059 billion in total employee benefit assets. The Nebraska Investment Council manages $2.4 billion for the defined benefit plan; the Nebraska Public Employees Retirement System manages the $659 million in defined contribution assets.

    Defined benefit managers:

    Domestic equities: Alliance Capital; Brinson Partners; Jundt; Mitchell Hutchins; KPM Asset; FNB Omaha; Newbold's; Husic; State Street Research.

    International equities: Alliance Capital; Rowe Price-Fleming.

    Domestic fixed-income: Wells Fargo Nikko.

    The master and global custodians are State Street Bank and FNB Omaha.

    Key personnel overseeing the investment management of the fund are R.W. Holsapple, state investment officer of the Nebraska Investment Council. Overseeing the defined contribution plan is John Cashan, director of the Nebraska Public Employees Retirement System.

    Public Employees

    Retirement System

    of Nevada

    ($ millions)

    Total assets6,929

    Defined benefit6,929

    Employer DB contributions384

    Benefit payments242

    Hedging devices used:

    Index options

    Defined benefit asset mix:

    Stocks40%

    Fixed income50%

    Real estate equity10%

    CARSON CITY, Nev. - As of Sept. 30, total employee benefit assets of the Public Employees Retirement System of Nevada increased 19% from a year earlier. All assets are defined benefit.

    Employer contributions to the defined benefit plan increased 6%; benefits paid increased 11%.

    Defined benefit managers:

    Domestic equities: Alliance; Chancellor; INVESCO; Loomis Sayles; Wells Fargo.

    International equities: Axe-Houghton.

    Domestic fixed-income: Nicholas-Applegate; Patterson; Putnam; State Street.

    International fixed-income: Brinson.

    Real estate: INVESCO; PMRealty.

    Alternative investments: Pathway.

    Options: Loomis Sayles.

    The master custodian is First Interstate Bank.

    Key personnel overseeing the investment management of the fund are George Pyne, executive officer; Laura Wallace, investment officer; and Dana Bilyeu, operations officer.

    State of New Jersey

    Division of Investment

    ($ millions)

    Total assets*40,974

    Defined benefit40,507

    403(b) 67

    Employer DB contributions456

    Benefit payments2,300

    *as of June 30, 1995

    Internally managed assets:

    Defined benefit40,507

    Defined contribution467

    Hedging devices used:

    Stock options

    Defined benefit asset mix:

    Stocks60%

    Fixed income38%

    Cash equivalents2%

    Defined contribution asset mix:

    Other stock59.8%

    Fixed income18.7%

    Cash equivalents11.5%

    TRENTON, N.J. - As of June 30, the State of New Jersey, Division of Investment's total employee benefit assets increased 15% from a year earlier. Defined benefit assets increased 16% during the same period; defined contribution assets decreased 15%.

    Employer contributions to the defined benefit plan decreased 32%, and benefits paid increased 411%.

    The master custodians are First Fidelity, CoreStates and Midlantic; the global custodian is Bankers Trust.

    Key personnel overseeing the investment management of the fund are Roland Machold, director; Steven Kornrumpf, deputy director; and Gilles Michel, assistant director. Overseeing the defined contribution plan are Mr. Machold, Mr. Kornrumpf and Karin Hollinger, portfolio manager.

    New Mexico Educational

    Retirement Board

    ($ millions)

    Total assets3,895

    Defined benefit3,895

    Employer DB contributions119

    Benefit payments193

    Internally managed assets3,697

    Hedging devices used:

    Swaps

    Defined benefit asset mix:

    Stocks39%

    Fixed income60%

    Cash equivalents1%

    SANTA FE, N.M. - As of Sept. 30, the New Mexico Educational Retirement Board's total employee benefit assets increased 22% from a year earlier. All assets are defined benefit.

    Employer contributions to the defined benefit plan increased 27%; benefits paid increased 10%.

    Defined benefit managers:

    Domestic equities: Wellington.

    International equities: Capital Guardian.

    The master custodian is Bankers Trust.

    Key personnel overseeing the investment management of the fund are Frank Foy, investment officer-fixed income, and Margie Homko, investment officer-equity.

    New Mexico Public

    Employees' Retirement

    Association

    ($ millions)

    Total assets4,008

    Defined benefit3,898

    457(b)*110

    Employer DB contributions137

    Benefit payments148

    Total DC contributions15

    *as of June 30

    Internally managed assets:

    Defined benefit117

    Defined benefit asset mix:

    Stocks52.9%

    Fixed income43.8%

    Cash equivalents3.0%

    Real estate equity0.3%

    Defined contribution asset mix:

    Stock16.0%

    Fixed income7.9%

    GICs/BICs74%

    Cash equivalents1.4%

    Other0.7%

    SANTE FE, N.M. - As of Sept. 30, New Mexico Public Employees' Retirement Association's total employee benefit assets increased 25% from a year earlier. Defined benefit assets increased 24.5% during the same period; defined contribution assets increased 26%.

    Employer contributions to the defined benefit plan increased 9.6%; benefits paid increased 1.4%.

    Defined benefit managers:

    Domestic equities: Bankers Trust; IDS Advisory; Smith Barney.

    International equities: Capital Guardian.

    Domestic fixed-income: Nicholas-Applegate; Putnam; Smith Breeden; Wells Fargo.

    Defined contribution managers:

    Dreyfus; Federated; Fidelity Investments; INVESCO; Janus; Lincoln; MFS; Nationwide; Neuberger & Berman; T. Rowe Price; Prudential; Putnam; Seligman; SEI; Templeton; Twentieth Century.

    The master custodian and global custodian is Bankers Trust.

    Key personnel overseeing the investment management of the fund are Jeff States, director of investments; Lorraine Ward, deputy director of investments; and Judy Toomey, investment officer II. Overseeing the defined contribution plan are Frances Porterfield, deferred compensation administrator; and Sigrid Olsen, assistant executive secretary.

    New York City Retirement

    Systems

    ($ millions)

    Total assets41,679

    Defined benefit41,679

    Employer DB contributions1,094

    Benefit payments2,786

    Internally managed assets723

    Defined benefit asset mix:

    Stocks67%

    Fixed income32%

    Cash equivalents1%

    NEW YORK - As of Sept. 30, the New York City Retirement Systems' total employee benefit assets increased 17.9% from a year earlier. All assets are defined benefit.

    Employer contributions decreased 51%; benefits paid increased 8.4%.

    Defined benefit managers:

    Domestic equities: Amerindo; Bear Stearns; Equinox; Fidelity; J&W Seligman; Loomis Sayles; Mitchell Hutchins; Montgomery; Newbold's; Smith Barney; Zevenbergen; Progress Trust; Bankers Trust.

    International equities: Alliance; Bank of Ireland; Capital Guardian; Clay Finlay; Clemente; GE; Schroder; Scudder; State Street; Wells.

    Domestic fixed-income: Fischer, Francis; Investment Advisers; Kennedy; Lincoln; Mitchell Hutchins; Putnam; Smith Barney; State Street Bank; Weiss, Peck; Wells; W.R.Lazard; NCM; Bear Stearns; Miller, Anderson; PIMCO; RCM; BEA; Executive Investment; T. Rowe Price; Taplin, Canida; Progress Trust; Alliance; First Boston; Lazard Freres; W.R. Huff; Wertheim.

    International fixed-income: T. Rowe Price.

    The master custodian is Citibank.

    Key personnel overseeing the investment management of the fund are Jon Lukomnik, deputy comptroller; Dana Anderson, chief investment officer; and William Paolino, bureau chief.

    New York City Teachers'

    Retirement System

    ($ millions)

    Total assets25,943

    Defined benefit16,191

    Total defined contribution9,752

    DB Benefit payments1,151

    Internally managed assets:

    Defined benefit132

    Defined benefit asset mix:

    Stocks55%

    Fixed income44%

    Cash equivalents1%

    NEW YORK - As of Sept. 30, the New York City Teachers' Retirement System's total employee benefit assets increased 17.5% from a year earlier.

    Defined benefit assets increased 18.5% during the same period; defined contribution assets increased 15.8%. Benefit payments increased 5.5%.

    Defined benefit managers:

    Domestic equities: Bankers Trust.

    International equities: Bank of Ireland; Schroders; GE; Wells Fargo.

    Domestic fixed-income: Fischer Francis; Putnam; Wells Fargo; Smith Barney; WR Lazard; PIMCO; RCM; Miller, Anderson; T. Rowe Price; BEA; Taplin Canida.

    International fixed-income: T. Rowe Price.

    Defined contribution managers:

    Domestic equities: Bankers Trust; Bank of Ireland; Paradigm; Brinson; Chancellor; Enhanced Investment; Fidelity; Goldman, Sachs; John Levin; Mellon Capital; PIMCO; PanAgora; Putnam; Scudder; Sound Shore; Sturdivant; Valenzuela; Wells Fargo; Woodford; Cowen; Intech.

    Domestic fixed-income: Certus; Morley; Brundage; Putnam.

    The master custodian is Citibank.

    Key personnel overseeing the investment management of the fund are Jon Lukomnik, deputy comptroller; Donna Anderson, chief investment officer; and William Paolino, chief-bureau of asset management. Overseeing the defined contribution plan are Donald Miller, executive director and Diane Sisenwein, deputy director.

    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
    OCIO, Anchor in Rough Seas
    Sponsored Content: OCIO, Anchor in Rough Seas

    Reader Poll

    May 23, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Crossroads: Politics, Inflation, & Bonds
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Q2 2022 Credit Outlook: Carry On
    Leverage does not equal risk
    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
    May 23, 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
      • 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
      • 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 Innovation Investing Conference
      • 2022 Defined Contribution East Conference
      • 2022 ESG Investing Conference
      • 2022 DC Investment Lineup Conference
      • 2022 Alternatives Investing Conference