*Active bond accounts361
Rothschild International Asset Management had $599 million in international accounts and $361 million in global accounts as of March 31.
The firm's asset mix for international accounts was 100% bonds as of March 31.
As of the same date, its global account asset mix was 100% bonds.
The firm relies primarily on fundamental research supported by quantitative analysis to forecast interest rates, bond yields and exchange rates.
The firm runs $2.91 billion of U.S. institutional, tax-exempt assets in currency overlay; none of the underlying assets is managed internally.
Analysts or portfolio managers are stationed in London, New York, Tokyo, Hong Kong, Singapore, Sydney, Paris and Zurich.
The firm, a subsidiary of Rothschild Asset Management International Holdings BV, has been registered with the SEC since 1980.
Roger Gray is chief investment officer; Mark Connolly is client contact.
Frank Russell Co.
909 A St., Tacoma, Wash. 98402; phone: (206) 572-2282; fax: (206) 591-3495
(U.S. $ millions)
Total assets managed2,700
U.S. institutional tax-exempt assets2,000
Frank Russell Co. is primarily a manager of managers. In addition to the assets above, the firm oversaw $2.9 billion in U.S. institutional tax-exempt assets in international accounts managed on its behalf by external managers.
The firm provides investment management through two wholly owned subsidiaries, Frank Russell Investment Management Co. and Frank Russell Trust Co. Both subsidiaries operate through a series of funds and separate accounts with a multimanager, multistyle, multiasset approach.
Analysts or portfolio managers are stationed in Tacoma, Toronto, London, Tokyo, Sydney, New York, Auckland, Zurich and Paris.
Randall P. Lert is chief investment officer; Marty F. Ryan is client contact.
Schroder Capital
Management International
787 Seventh Ave., 29th Floor, New York, N.Y. 10019; phone: (212) 641-3830; fax: (212) 641-3985
(U.S. $ millions)
Total assets managed110,000
U.S. institutional tax-exempt assets15,659
Total international/global15,659
International14,735
*Active equity accounts14,735
Global924
*Active equity accounts699
*Active bond accounts225
Schroder Capital Management International had $14.735 billion in international accounts and $924 million in global accounts as of March 31.
The firm's asset mix for international accounts was 98% equity and 2% cash as of March 31; equity assets were committed most heavily to Japan, United Kingdom, Netherlands, Germany and France.
As of the same date, its global account asset mix was 75% equity, 23% bonds and 2% cash; equity assets were committed most heavily to the United States, Japan, United Kingdom, Netherlands and France.
The firm uses a bottom-up process for its core portfolio and top-down approach for its non-core assets. Its bottom-up approach uses fundamental research in local markets to find growth potential. Non-core stocks are used to adjust country weightings and are typically large-cap, liquid stocks.
Analysts or portfolio managers are stationed in London, Zurich, Warsaw, Tokyo, Hong Kong, Singapore, Sydney, Seoul, Jakarta, Kuala Lumpur, Bangkok, Taipei, Shanghai, New York, Buenos Aires, Sao Paulo, Caracas and Bogota.
The firm, a subsidiary of Schroders PLC, has been registered with the SEC since 1980.
Richard Foulkes is chief investment officer; Sharon Haugh is client contact.
Scudder, Stevens & Clark
345 Park Ave., New York, N.Y. 10154; phone: (212) 326-6200; fax: (212) 688-7049
(U.S. $ millions)
Total assets managed105,788
U.S. institutional tax-exempt assets27,788
Total international/global12,750
International8,897
*Active equity accounts6,972
*Active bond accounts385
*Emerging market equity937
*Emerging market debt603
Global3,853
*Active equity accounts2,886
*Active bond accounts871
*Balanced96
Scudder, Stevens & Clark Inc. had $8.897 billion in international accounts and $3.853 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 89% equity, 11% bonds as of March 31; equity assets were committed most heavily to Japan, Germany, United Kingdom, Switzerland and Netherlands.
As of the same date, its global account asset mix was 77% equity and 23% bonds; equity assets were committed most heavily to the United States, Germany, Japan, Switzerland and South Korea.
The firm is a top-down/bottom-up manager focusing on regional trends and local markets. Selections are based on value and fundamental criteria.
Analysts or portfolio managers are stationed in New York, Boston, Tokyo, London and Los Angeles.
The firm has been registered with the SEC since 1943.
Jerry Thimme is client contact.
Standish Ayer & Wood
1 Financial Center, Boston, Mass. 02111; phone: (617) 350-6100; fax: (617) 350-0038
(U.S. $ millions)
Total assets managed28,964
U.S. institutional tax-exempt assets18,578
Total international/global1,211
International1,031
*Active equity accounts59
*Active bond accounts972
Global180
*Active bond accounts180
Standish Ayer & Wood Inc. had $1.031 billion in international accounts and $180 million in global accounts as of March 31.
The firm's asset mix for international accounts was 6% equity and 94% bonds; equity assets were most heavily committed to Japan, Norway, France, Italy and Spain.
As of the same date, its global account asset mix was 100% bonds.
The firm's investment strategy combines a bottom-up and top-down approach to seek value in inefficient and less-followed areas of foreign markets.
The firm runs $1.095 billion of U.S. institutional, tax-exempt assets in currency hedging; all of the underlying assets is managed internally.
Analysts or portfolio managers are stationed in Boston.
The firm has been registered with the SEC since 1933.
Edward H. Ladd is chief investment officer; Karen K. Chandor is client contact.
State Street Global Advisors
2 International Place, Boston, Mass. 02110; phone: (617) 654-4378; fax: (617) 654-6175
(U.S. $ millions)
Total assets managed268,812
U.S. institutional tax-exempt assets223,847
Total international/global38,697
International37,724
*Active equity accounts4,156
*Active bond accounts197
*Indexed equity accounts28,252
*Emerging market equity4,892
*Futures227
Global973
*Active equity accounts98
*Balanced875
State Street Global Advisors had $37.724 billion in international accounts and $973 million in global accounts as of March 31.
The firm's asset mix for international accounts was 97% equity, 1% bonds and 2% other as of March 31; equity assets were committed most heavily to Japan, United Kingdom, Germany, France and Switzerland.
As of the same date, its global account asset mix was 62% equity, 35% bonds and 3% cash; equity assets were committed most heavily to the United States, Japan, United Kingdom, Germany and France.
The firm is a quantitative manager using a top-down approach favoring countries and stocks that trade at low price multiples with growth potential.
In addition to assets listed above, $103 million in U.S. institutional, tax-exempt assets are managed in international and global accounts on the firm's behalf by external managers.
The firm runs $5.501 billion of U.S. institutional, tax-exempt assets in passive currency hedging, currency protection, currency selection and currency as an asset class; $2.538 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 Fixed Income L.P.
1001 19th St. N., Suite 1720, Arlington, Va. 22209; phone: (703) 812-8300; fax: (703) 812-8080
(U.S. $ millions)
Total assets managed5,359
U.S. institutional tax-exempt assets4,575
Total international/global4,575
International205
*Active bond accounts205
Global4,370
*Active bond accounts4,370
Strategic Fixed Income L.P. had $205 million in international accounts and $4.37 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 100% bonds as of March 31.
As of the same date, its global account asset mix was 100% bonds.
The firm's investment approach combines macroeconomic fundamentals and technical price analysis. It actively manages interest rates and currency while maintaining diverse, high-quality portfolios. It seeks to minimize credit risk by investing in high-quality government securities.
Analysts or portfolio managers are stationed in Arlington.
The firm, a subsidiary of Gobi Investment Inc., has been registered with the SEC since 1991.
Kenneth A. Windheim is chief investment officer; Patricia M. Arcoleo is client contact.
