Los Angeles Fire & Police
Pension System
($ millions)
Total assets 7,686
Defined benefit 7,686
Employer DB contributions 343
Benefit payments 379
Defined benefit asset mix:
STOCKS.. 57.1% FIXED INCOME..31.7% CASH EQUIVALENTS..4.8% REAL ESTATE EQUITY..5.9% ALTERNATIVE INVESTMENTS..0.5%
LOS ANGELES - As of Sept. 30, the Los Angeles Fire & Police Pension System's total employee benefit assets - all defined benefit - increased 19% from a year earlier.
Employer contributions to the defined benefit plan increased 4%; benefits paid increased 3%.
Defined benefit managers:
Domestic equities: Alliance; Loomis; Delta; Boston Partners; Brown; CIC; Amerindo; Frontier; Target.
International equities: Clay Finlay; Nomura; Oechsle.
Domestic fixed-income: Boston Co.; Lincoln; Loomis; HCM; Smith Graham; Equitable; Magten; GEM.
Real estate: Heitman; Lowe; GE Capital; RREEF; Equitable; Sentinel; PSI; Copley.
Other: TCW; Oaktree; Abbott.
The master custodian and global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are Gary Mattingly, general manager; Allan E. Moore, assistant retirement plan manager; and Tom Lopez, chief investment officer.
Los Angeles Water
and Power Employees'
Retirement Plan
($ millions)
Total assets* 3,884
Defined benefit 3,884
Employer DB contributions 113
Benefit payments 190
*as of June 30
Internally managed assets:
Defined benefit 363
The fund uses:
Stock options
Defined benefit asset mix:
Stocks 55.8%
Fixed income 27.7%
Cash equivalents 9.3%
Mortgages 7.2%
LOS ANGELES - As of June 30, the Los Angeles Water and Power Employees' Retirement Plan's total employee benefit assets, all defined benefit, increased 14% from a year earlier.
Employer contributions to the defined benefit plan decreased 19.9%; benefits paid increased 16.6%.
Defined benefit managers:
Domestic and international equities, and domestic and international fixed-income: TCW; Merus Capital; Boston Co.
The master and global custodian is BNY Western Trust Co.
Key personnel overseeing the investment management of the fund are Kathleen Thornton, assistant retirement plan manager, and Rodelio Abarro, investment officer.
Louisiana State Employees'
Retirement System
($ millions)
Total assets* 4,300
Defined benefit 4,300
Employer DB contributions 197
Benefit payments 289
*as of June 30, 1996
Defined benefit asset mix:
Stocks 46.4%
Fixed income 50.2%
Cash equivalents 0.3%
Real estate equity 2.5%
Other 0.6%
BATON ROUGE, La. - As of June 30, Louisiana State Employees' Retirement System's total employee benefit assets increased 10% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 2.6%; benefits paid remained the same.
Defined benefit managers:
Domestic equities: Chancellor; Loomis; State Street Global; TCW; Fayez Sarofim; Brandywine; Thomson Horstmann; JMC Capital.
International equities: Brinson; Schroders; Templeton.
Domestic fixed-income: Loomis; Orleans; TCW; Huff; OFFITBANK.
International fixed-income: Morgan Grenfell; Putnam.
Real estate: Equitable; Heitman/JMB; L&B; MetLife; Westmark; O'Connor; PSI; Westmark.
Other managers: Pathway Capital; Hancock Venture.
TAA manager: INVESCO.
The master custodian and global custodian is State Street Bank & Trust.
Key personnel overseeing the investment management of the fund are Robert L. Borden, chief investment officer; James O. Wood, executive director; and Philip Griffith, investment portfolio analyst.
Teachers' Retirement
System of Louisiana
($ millions)
Total assets* 7,600
Defined benefit 7,600
Employer DB contributions 373
Benefit payments 598
*as of June 30
Internally managed assets:
Defined benefit 152
Defined benefit asset mix:
Stocks 61%
Fixed income 37%
Cash equivalents 2%
BATON ROUGE, La. - As of June 30, the Teachers' Retirement System of Louisiana's total employee benefit assets - all defined benefit - increased 29% from a year earlier.
Employer contributions to the defined benefit plan increased 4%; benefits paid increased 13%.
Defined benefit managers:
Domestic equities: STI; Liberty; Harris Bretall Sullivan & Smith; Furman Selz; Boston Co.; Loomis Sayles; MacKay Shields; Brinson; Mitchell Hutchins; Mississippi Valley; Bankers Trust Co. of Southwest; Scudder; TCW; Fleet Financial; NM Capital; G.D. Bjurman; Wellington.
International equities: Scudder; Smith Barney; WorldInvest.
Domestic fixed-income: Boatmen's; Nicholas-Applegate; Wellington; TCW.
Global: Scudder; Rogge; Strategic Fixed Income.
The master custodian is City National Bank of Baton Rouge; the global custodian is Chase Manhattan.
Key personnel overseeing the investment management of the fund are James P. Hadley Jr., director, and Jennifer Netterville, investment officer.
