Rohr Inc., Chula Vista, Calif., made a $48 million stock contribution and a $4 million cash contribution to its $500 million pension fund, resulting in a number of asset allocation changes, said Ken Scholz, treasurer.
Because the contribution of company stock increased the fund's allocation to small-cap stocks, fund officials decided to add the $4 million cash contribution to existing portfolios in other asset classes. Hotchkis and Wiley received an additional $1 million in large-cap stocks; Lincoln Capital, $1 million in bonds. Another $2 million was earmarked for international equity, with Capital Guardian Trust getting two-thirds of that and Hotchkis and Wiley, one-third. As a result of the contributions, the Rohr pension fund is now fully funded.
