($ millions)
Total assets 22,197
Defined benefit 22,197
Employer DB contributions 947
Benefit payments 1,025
Internally managed assets:
Defined benefit 3,000
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Defined benefit asset mix:
Stocks 71.6%
Fixed income 21.1%
Cash equivalents 0.5%
Real estate equity 6.8%
RICHMOND, Va. - As of Sept. 30, the Virginia Retirement System's total employee benefit assets - all defined benefit - increased 11.4% from a year earlier. Employer contributions to the defined benefit plan increased 5%; benefits paid increased 35%.
Defined benefit managers:
Domestic equities: Dominion Growth; Jundt Associates; Lincoln, Rosenberg; Aronson; Delaware; Donald Smith; Ardsley Partners; Capital Growth; GeoCapital; Kennedy Capital; Skyline; Blue Ridge; First Quadrant; Investment Research; J.P. Morgan; Martingale; Numeric; Pacific Financial; Progress;Bankers Trust; Mellon.
International equities: Acadian; Clay Finlay; State Street; Barings; Morgan Grenfell; Merrill Lynch; Rowe-Price Fleming.
Domestic fixed-income: Mass Financial; Merganser Capital; Progress; Sanford Bernstein; Sovran; Western Asset.
Real estate: Copley; Equitable; J.P. Morgan; LaSalle; Phoenix Mutual; Prudential; Metropolitan; Prestonwood; Westwood; ABKB/LaSalle; Bristol; TA Associates; Security Capital; CRA Real Estate; RF&P Corp.
Alternative partnerships: Advent; CGGS; Clayton and Dubilier; First Reserve; Forstmann Little; Hellman Friedman; InterWest; Joseph Littlejohn; Joseph Littlejohn & Levy; Lewis Bailey Venture/Core; Madison Dearborn; New Enterprise Associates; OCM; Olympus; Progress; Summit; TCW; TPG Partners; VED Corp.; Venture Investment Associates; WCAS; Whitney Subordinated Debt; Zell/Chillmark; Brinson.
The master custodian and global custodian is Mellon Trust.
Key personnel overseeing the investment management of the fund are Erwin Will, chief investment officer, and Nancy Everett, deputy chief investment officer.
Washington State
Investment Board
($ millions)
Total assets* 26,762
Defined benefit 26,762
Employer DB contributions 738
Benefit payments 931
*as of June 30
Internally managed assets:
Defined benefit 8,750
The fund uses:
Stock index futures
Swaps
Defined benefit asset mix:
Stocks 54.7%
Fixed income 32.7%
Cash equivalents 0.8%
Real estate equity 2.8%
Other 9.0%
OLYMPIA, Wash. - As of June 30, the Washington State Investment Board's total employee benefit assets - all defined benefit - increased 13% from Sept. 30, 1995.
Employer contributions to the plan increased 4%; benefits paid decreased 8%.
Defined benefit managers:
Domestic equities: Barclays Global; Advanced Investment Management; Independence; PIMCO; Chancellor; Denver Investment Advisors; Wilke Thomson.
International equities: State Street; Clay Finlay; UBS International; LGT Capital; J.P. Morgan; Cursitor-Eaton; Mercury Asset; Genesis; Schroder.
Real estate: Lowe; PacTrust; Jones Lang Wootton; Copley; Sentinel; PMRealty; RREEF; Equitable; United Marketing.
Venture partnerships: Austin Ventures; BlackRock; Brentwood; Capital Resources; CH Partners; Clayton Dubilier; Code Hennessey; Cypress; DDJ; Doughty Hanson; Energy Recovery; Equity-Linked Investors; Evergreen; Frazier Healthcare; Green Mountain; Hancock; Joseph, Littlejohn; KBA; Materia Ventures; Menlo; OCM; Paragon Venture Partners; Phoenix Partners; Rice; Sprout; TSG Capital; Warburg, Pincus; Welsh, Carson.
LBOs: KKR.
The master custodian and global custodian is Bank of New York.
Key personnel overseeing the investment management of the fund are James F. Parker, executive director, and Christopher Ailman, chief investment officer.
West Virginia Trust Fund Inc.
($ millions)
Total assets 3,890
Defined benefit 3,890
Employer DB contributions 515
Benefit payments 752
Internally managed assets:
Defined benefit 3,890
Defined benefit asset mix:
Fixed income 60%
Cash equivalents 3%
Mortgages 37%
CHARLESTON, W. Va. - As of Sept. 30, the West Virginia Trust Fund Inc.'s total employee benefit assets, all defined benefit, increased 21% from a year earlier.
Employer contributions increased 114%; benefits paid increased 158%.
Domestic fixed-income advisers: IAI; Fischer, Francis; Lincoln; Western.
The master custodian is State Street Bank.
Key personnel overseeing the investment management of the fund are Craig Slaughter, chief executive officer; Diana Will, chief investment officer; Denise Baker, investment officer.
