Illinois State Board
of Investment
($ millions)
Total assets 5,544
Defined benefit 5,544
Employer DB contributions n/a
Benefit payments n/a
Internally managed assets:
Defined benefit 1,729
Defined benefit asset mix:
Stocks 56.3%
Fixed income 32.7%
Cash equivalents 1.3%
Real estate equity 4.4%
Other 5.3%
CHICAGO - As of Sept. 30, the Illinois State Board of Investment's total employee benefit assets, all defined benefit, increased 15.7% from June 30, 1995.
Defined benefit managers:
Domestic equities: Ariel; Chancellor; Cooke & Bieler; Disciplined Investment; Fidelity; Lincoln Capital; Newbold's; Sloate Weisman; Southeastern Asset; Marshall Plan; TCW; Valenzuela; Woodford.
International/global equities: Brinson; Cursitor Eaton; Delaware; Templeton; Schroder; Walter Scott.
Domestic fixed-income: Fidelity.
Real estate: Aetna; AMLI; Cozad/Westchester; Heitman/JMB; TCW/Westmark; Zell/Merrill Lynch.
Alternative investments: BCI Growth; Candover Partners; Cornerstone Equity; Corporate Advisors; Frontenac; Golder Thoma; Hancock Venture; Inroads Capital; InterWest Partners; KKR; Madison Dearborn; Menlo; Mesirow; Penman; Summit Partners; Warburg Pincus Ventures; Weiss Peck & Greer Venture Capital.
The master custodian and global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Jane Patterson, executive director; Scott Richards, senior portfolio manager-external investments; and Larry Darlington, senior fixed-income portfolio manager.
Teachers' Retirement
System of the State of
Illinois
($ millions)
Total assets* 15,362
Defined benefit 15,362
Employer DB contributions 330
Benefit payments 1,116
*as of June 30
Internally managed assets:
Defined benefit 125
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Managed futures
Swaps
Defined benefit asset mix:
Stocks 40.2%
Fixed income 36.9%
Cash equivalents 6.8%
Real estate equity 14.4%
Mortgages 0.1%
Other 1.6%
SPRINGFIELD, Ill. - As of June 30, The Teachers' Retirement System of the State of Illinois' total employee benefit assets, all defined benefit, increased 14% from Sept. 30, 1995.
Employer contributions to the defined benefit plan were unchanged; benefits paid increased 4.5%.
Defined benefit managers:
Domestic equities: Acorn Derivatives Management; Analytic/TSA; Ark; Bank of America; Brandywine; Brinson; First of America; Fiduciary Management; Hotchkis and Wiley; Lazard Freres; Lincoln Capital; Morgan Stanley; Munder; Oppenheimer; PIMCO; Paradigm; RCM; Sturdivant; Valenzuela; Zimmerman.
International equities: Blairlogie; Brandywine; Brinson; Clay Finlay; Daiwa; Delaware Int'l; Hotchkis & Wiley; IDS Int'l; Pyrford Int'l; RCM; Scudder.
Domestic fixed-income: American National Bank; Bear Stearns; Chicago Title & Trust; Lotsoff; W.R. Huff; PIMCO; Weiss, Peck & Greer.
International fixed-income: Bear Stearns; Brinson; Delaware; Julius Baer; PIMCO; Schroders; Societe Generale.
Real estate: LaSalle Advisors; Bear Stearns/Capital Associates; Capital Associates; Commonwealth Realty; DLJ Real Estate; Heitman Capital; K/B Realty; LPC Realty; Westmark; Stone-Levy; Cozad/Westchester.
Alternative: Angelo, Gordon; Apex Investment; DLJ Merchant Banking; Fenchurch; Frontenac; Penman Asset; Sandler Capital; Trivest; Veronis Suhler; Weiss, Peck & Greer Venture.
TAA: Brinson; Pyrford.
Cash: Harris Investment; Hotchkis & Wiley; Atlantic Asset.
Foreign exchange: A.G. Bisset; Pareto Partners; Zimmerman.
The master custodian and global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Donald Nesbitt, director of investments; Matthew Evans, director of real estate and alternatives; and Robert Daniels, executive director.
State Universities
Retirement System of Illinois
($ millions)
Total assets 7,130
Defined benefit 7,130
Employer DB contributions 147
Benefit payments 379
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks 62%
Fixed income 34%
Real estate equity 4%
CHAMPAIGN, Ill. - As of Sept. 30, the State Universities Retirement System of Illinois' total employee benefit assets, all defined benefit, increased 13% from a year earlier.
Employer contributions increased 15%; benefits paid increased 10%.
Defined benefit managers:
Domestic equities: Barclays Global; PIMCO; Fayez Sarofim; Smith Barney.
International equities: Barclays Global; Brinson; IDS; Martin Currie.
Domestic fixed-income: Barclays Global; BlackRock; Chicago Trust; PIMCO; Standish Ayer & Wood; Zurich.
Real estate: Equitable; RREEF.
Venture capital: Brinson; Progress.
The master and global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Kenneth E. Codlin, chief investment officer, and John R. Krimmel, associate investment officer.
Indiana Public Employees'
Retirement Fund
($ millions)
Total assets 7,200
Defined benefit 7,200
Employer DB contributions 246
Benefit payments 210
Defined benefit asset mix:
Fixed income 100%
INDIANAPOLIS - As of Sept. 30, the Indiana Public Employees' Retirement Fund's total employee benefit assets increased 31% from June 30, 1995. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 31%; benefits paid increased 13%.
Defined benefit managers:
Domestic fixed-income: Prime Capital; Reams; Conseco; HM Capital; Bank One, NBD; Harris Trust; J.P. Morgan; Hughes Capital; WR Lazard; NCM; Taplin Canida; Pacific Income; Danson & Neuhar.
The master trustees are National City Bank and Bank One.
The key person overseeing the investment management of the fund is Garth Dickey, director.
Indiana State Teachers'
Retirement Fund
($ millions)
Total assets 3,440
Defined benefit 3,440
Employer DB contributions n/a
Benefit payments 370
Defined benefit asset mix:
Fixed income 96%
Cash equivalents 4%
INDIANAPOLIS - As of Sept. 30, Indiana State Teacher's Retirement Fund's total employee benefit assets, all defined benefit, increased 11.8% from a year earlier.
Benefits paid increased 8.2%.
Defined benefit managers:
Domestic fixed-income: Alliance Capital; BankOne; Bank of New York; Baxter Capital; NBD Bank; Todd Investment Advisors; Merchants Capital; Baxter Capital; Reams Asset Management; Taplin, Canida & Habacht.
The master custodian is National City Bank.
Key personnel overseeing the investment management of the fund is Robert D. Newland, investment analyst.
