*Active equity accounts4,293
*Active bond accounts147
Nomura Capital Management Inc. had $4.44 billion in international accounts as of March 31.
The firm's asset mix for international accounts was 97% equity and 3% bonds as of March 31; equity assets were committed most heavily to Japan, Australia, Hong Kong, Singapore and United Kingdom.
The firm is primarily an equity manager emphasizing fundamental research and valuation in its selections. Local specialized portfolio managers invest in their respective regions.
Analysts or portfolio managers are stationed in Tokyo, London, New York, Singapore, Hong Kong, Sydney, Kuala Lumpur, Jakarta, Bangkok, Seoul, Taipei, Vienna, Washington and San Francisco.
The firm, a subsidiary of Nomura Investment Management, has been registered with the SEC since 1976.
Nobuyuki Kishi is chief investment officer; Brian X. Fitzgibbon and Eric D. Shearer are client contacts.
Pacific Investment
Management Co.
840 Newport Center Drive, P.O. Box 6430, Newport Beach, Calif. 92658-6430; phone: (714) 640-3031; fax: (714) 759-7578
(U.S. $ millions)
Total assets managed76,926
U.S. institutional tax-exempt assets70,813
Total international/global5,146
International3,967
*Active bond accounts3,967
Global1,179
*Active bond accounts1,179
Pacific Investment Management Co. had $3.967 billion in international accounts and $1.179 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 is a fixed-income manager emphasizing longer-term trends, avoidance of extreme durations vs. an index and identification of value.
Analysts or portfolio managers are stationed in Newport Beach.
The firm, a subsidiary of PIMCO Advisors L.P., has been registered with the SEC since 1971.
Brent R. Harris is client contact.
PanAgora Asset
Management
260 Franklin St., 22nd Floor, Boston, Mass., 02110; phone: (617) 439-6300; fax: (617) 439-6675
(U.S. $ millions)
Total assets managed15,585
U.S. institutional tax-exempt assets12,396
Total international/global3,238
International1,793
*Active equity accounts428
*Active bond accounts32
*Balanced20
*Indexed equity1,277
*Emerging market equity36
Global1,445
*Active bond accounts1
*Balanced781
*Currency663
PanAgora Asset Management had $1.793 billion in international accounts and $1.445 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 98% equity and 2% bonds as of March 31; equity assets were committed most heavily to Japan, United Kingdom, France, Germany and Australia.
As of the same date, its global account asset mix was 35% equity, 20% bonds and 45% other; equity assets were committed most heavily to the United States, Japan, Canada, France and Australia.
The firm focuses on quantitative analysis in its investment strategies.
The firm runs $843 million of U.S. institutional, tax-exempt assets in managed currency overlay and global tactical asset allocation; all of the underlying assets are managed internally.
Analysts or portfolio managers are stationed in Boston and London.
The firm, a subsidiary of Lehman Brothers and Nippon Life Insurance, has been registered with the SEC since 1989.
Paul R. Samuelson is chief investment officer; Robert E. Casey is client contact.
Pareto Partners
505 Park Ave., New York, N.Y. 10022; phone: (212) 527-1800; fax: (212) 527-1818
(U.S. $ millions)
Total assets managed256
U.S. institutional tax-exempt assets256
Total international/global256
International221
*Active equity221
Global35
*Active bond35
Pareto Partners is a currency overlay manager. As of March 31, it ran $11.975 billion of U.S. institutional, tax-exempt assets in currency risk modelling; $256 million of the underlying assets is managed internally.
The firm hedges clients' non-US investments using only the spot and forward currency market. It does not use options or futures in its strategies.
Analysts or portfolio managers are stationed in London.
The firm, a subsidiary of Mellon Bank Corp., has been registered with the SEC since 1991.
Christine Downton is chief investment officer; Lynne Minard is client contact.
Payden & Rygel
333 S. Grand Ave., 32nd floor, Los Angeles, Calif. 90071; phone: (213) 625-1900; fax: (213) 626-7241
(U.S. $ millions)
Total assets managed21,200
U.S. institutional tax-exempt assets15,356
Total international/global2,750
International500
*Active bond accounts500
Global2,250
*Active bond accounts2,250
Payden & Rygel had $500 million in international accounts and $2.250 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 uses a fundamentally based, top-down approach. It focuses on quality and liquidity.
The firm runs $200 million of U.S. institutional, tax-exempt assets in currency overlay; all of the underlying assets are managed internally.
Analysts or portfolio managers are stationed in Los Angeles.
The firm has been registered with the SEC since 1983.
John Isaacson is chief investment officer; Lynda Faber is client contact.
Rowe Price-Fleming
International
100 E. Pratt St., Baltimore, Md. 21202; phone: (410) 547-2141; fax: (410) 547-1270
(U.S. $ millions)
Total assets managed24,694
U.S. institutional tax-exempt assets10,439
Total international/global10,439
International10,439
*Active equity accounts9,702
*Active bond accounts26
*Indexed bond accounts711
Rowe Price-Fleming International had $10.439 billion in international accounts as of March 31.
The firm's asset mix for international accounts was 92% equity and 8% bonds as of March 31; equity assets were committed most heavily to Japan, United Kingdom, Netherlands, France and Hong Kong.
Analysts or portfolio managers are stationed in London, Hong Kong and Tokyo.
The firm is a joint venture of T. Rowe Price and Fleming Group.
Martin G. Wade is chief investment officer; George A. Murnaghan is client contact.
Principal Mutual Life
Insurance Co.
711 High St., Des Moines, Iowa 50392; phone: (515) 247-5711; fax: (515) 248-3194
(U.S. $ millions)
Total assets managed4,257
U.S. institutional tax-exempt assets4,257
Total international/global4,257
International4,257
*Active equity accounts1,369
*Active bond accounts2,877
*Emerging market equity6
*Other5
Principal Mutual Life Insurance Co. had $4.257 billion in international accounts as of March 31.
The firm's asset mix for international accounts was 32% equity and 68% bonds as of March 31; equity assets were committed most heavily to Netherlands, United Kingdom, Switzerland, Sweden and Spain.
The firm's approach is primarily bottom-up and value-based. Economic, social and political factors determine country allocations. Individual stocks are selected using fundamental analysis.
Analysts or portfolio managers are stationed in Des Moines.
The firm, a subsidiary of The Principal Financial Group, has been registered with the SEC since 1984.
Ronald E. Keller is chief investment officer; Dan J. Fitzgerrell is client contact.
The Prudential Insurance Co.
of America Inc.
751 Broad St., Newark, N.J. 07102; phone: (201) 802-8400; fax: (201) 802-5581
(U.S. $ millions)
Total assets managed176,656
U.S. institutional tax-exempt assets107,945
Total international/global8,700
International8,680
*Active equity accounts3,661
*Active bond accounts3,090
*Indexed equity accounts731
*Other1,198
Global20
*Active equity accounts20
The Prudential Insurance Co. of America Inc. had $8.68 billion in international accounts and $20 million in global accounts as of March 31.
The firm's asset mix for international accounts was 51% equity, 36% bonds and 13% other as of March 31.
As of the same date, its global account asset mix was 100% equity.
The firm is a multiproduct manager using various strategies.
