Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 Defined Contribution East
    • 2023 ESG Investing
Breadcrumb
  1. Home
  2. Print
January 26, 1998 12:00 AM

TOP 1,000 FUNDS

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    I.A.M. National Pension Fund

    ($ millions)

    Total assets 4,135

    Defined benefit 4,126

    Total defined contribution 9

    Employer DB contributions 88

    Benefit payments 131

    Total DC contributions 1

    The fund uses:

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 63.2%

    Fixed income 33.2%

    Cash equivalents 3.4%

    Real estate equity 0.2%

    Defined contribution asset mix:

    Fixed income 56.3%

    Cash equivalents 43.7%

    WASHINGTON - As of Sept. 30, the I.A.M. National Pension Fund's total employee benefit assets increased 27.6% from a year earlier. Defined benefit assets increased 27.7% during the same period; defined contribution assets decreased 10%

    Employer contributions to the defined benefit plan increased 8.6%; benefits paid increased 4.8%

    Defined benefit managers:

    Domestic equities: Dodge & Cox; State Street Bank; Standish Ayer & Wood; Reich & Tang; Amalgamated Bank; Mellon Capital; RXR.

    Domestic fixed-income: Dodge & Cox; State Street Bank; Loomis Sayles.

    Real estate: AFL-CIO Housing Investment Trust.

    Cash: Payden & Rygel.

    The master trustee/custodian and master custodian is State Street Bank.

    The key person overseeing the investment management of the funds is Alan Skolnick, fund director.

    IBM Corp.

    ($ millions)

    Total assets 53,122

    Defined benefit 39,151

    401(k)/457 13,971

    Employer DB contributions 0

    Benefit payments 1,818

    Total DC contributions 817

    Internally managed assets:

    Defined benefit 13,823

    Defined benefit asset mix:

    Stocks 59.8%

    Fixed income 29.8%

    Private equity 6.3%

    Real estate equity 4.1%

    Defined contribution asset mix:

    Company stock 8.1%

    Other stock 58.9%

    Fixed income 1.8%

    GICs/BICs 26.3%

    Cash equivalents 2.8%

    Other 2.1%

    STAMFORD, Conn. - As of Sept. 30, IBM Corp.'s total employee benefit assets increased 22% from a year earlier. Defined benefit assets increased 19% during the same period; defined contribution assets increased 33%.

    Employer contributions to the defined benefit plan remained at zero; benefits paid decreased 2%.

    The master trustee/custodian and master custodian is Chase Manhattan Bank.

    Key personnel overseeing the investment management of the defined benefit fund are Thomas Cadigan, assistant treasurer and managing director; Robert Vivian, director, global funds management; and Charles Maxfield, director, internal portfolio management. Overseeing the defined contribution plan are Mr. Cadigan; James Rich, senior investment strategist, asset allocation; and R. Daniel Libby, investment manager.

    Public Employee Retirement

    System of Idaho

    ($ millions)

    Total assets* 4,749

    Defined benefit 4,749

    Employer DB contributions 194

    Benefit payments 188

    *as of June 30

    The fund uses:

    Stock options

    Bond options

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 68.6%

    Fixed income 24.6%

    Cash equivalents ...0.1%

    Real estate equity 3.0%

    Mortgages 3.7%

    BOISE, Idaho - As of June 30, the Public Employee Retirement System of Idaho's total employee benefit assets -all defined benefit - increased 19% from Sept. 30, 1996. Employer contributions to the defined benefit plan increased 8%; benefits paid increased 9%.

    Defined benefit managers:

    Domestic equities: Mellon; Columbus Circle; MFS; Mountain Pacific; Tukman Capital; Saugatuck Capital; Ida-West; Galen III.

    International/global equities: Baring American; Brandes; Scudder; Zesiger; Rowe Price-Fleming; Schroder; TCW; Mellon; Genesis.

    Hedging: Pareto Partners.

    Domestic fixed-income: State Street Global.

    Global fixed-income: Baring; BEA.

    Mortgages: D.B. Fitzpatrick.

    Real estate: Bank One; Cabot Partners; LaSalle; J.W. O'Connor; Prentiss Properties, Prudential.

    The master trustee/custodian and global custodian is Mellon Bank.

    The key person overseeing the investment management of the fund is Robert Maynard, chief investment officer.

    Illinois Municipal

    Retirement Fund

    ($ millions)

    Total assets 11,721

    Defined benefit 11,721

    Employer DB contributions 328

    Benefit payments 369

    Internally managed assets 206

    The fund uses:

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 62.2%

    Fixed income 29.1%

    Cash equivalents 1.8%

    Real estate equity 5.1%

    Other 1.8%

    OAK BROOK, Ill. - As of Sept. 30, The Illinois Municipal Retirement Fund's total employee benefit assets - all defined benefit - increased 23% from a year earlier.

    Employer contributions to the defined benefit plan increased 4%; benefits paid increased 11%.

    Defined benefit managers:

    Domestic equities: ANB; Boston Partners; Campbell, Cowperthwait; Dalton, Greiner; Dimensional Fund; Fidelity Management Trust; Frontier; Harris; Holland; Lincoln; Loomis Sayles; Provident; Wall Street Associates.

    International equities: Bank of Ireland; Brandes; Capital Guardian; Fidelity; Pyrford; Schroder.

    Domestic fixed-income: Abacus; ANB; Fidelity; J.P. Morgan; Nicholas-Applegate; Payden & Rygel.

    International fixed-income: Julius Baer.

    Real estate: AMB; CRA; ERE Yarmouth; LaSalle; Prudential; RREEF; Security; Sentinel; SSR; Westmark.

    Other: Abbott; Brinson; Cozad/Westchester; Forest; Larlmer & Co.; Oxford; Schroder.

    The master trustee and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Robert L. Cusma, executive director; Walter J. Koziol, director-investments; and Edward N. Sambol, investment manager.

    Illinois State Board

    of Investment

    ($ millions)

    Total assets 6,712

    Defined benefit 6,712

    Employer DB contributions 158

    Benefit payments 369

    Internally managed assets 2,021

    Defined benefit asset mix:

    Stocks 59%

    Fixed income 32%

    Private equity 5%

    Real estate equity 4%

    CHICAGO - As of Sept. 30, the Illinois State Board of Investment's total employee benefit assets increased 21% from a year earlier. All assets are defined benefit.

    Defined benefit managers:

    Domestic equities: Ariel; Disciplined Investment Advisors; Fidelity; Lincoln Capital; Nicholas-Applegate; Seligman; Sloate Weisman Murray; Southeastern Asset; Marshall Plan; Northern Trust; TCW.

    Global/international equities: Brinson; Cursitor Eaton; Delaware International; Templeton; Schroder; Walter Scott.

    Domestic fixed-income: Fidelity.

    Real estate: Aeltus; AMLI; Cozad/Westchester; Heitman; Westmark; Zell/Merrill Lynch.

    Alternative investments: BCI Growth; Cornerstone Equity; Corporate Advisors; Frontenac; Golder Thoma Cressey; Hancock Venture; Inroads Capital; InterWest; KKR; Madison Dearborn; Menlo Ventures; Mesirow Capital; Penman; Summit Partners; Warburg Pincus; Weiss Peck & Greer.

    The master trustee/custodian and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Jane Patterson, executive director; Larry Darlington, senior fixed-income portfolio manager; and Scott Richards, portfolio manager-external investing.

    Teachers' Retirement

    System of the State

    of Illinois

    ($ millions)

    Total assets 18,030

    Defined benefit 18,030

    Employer DB contributions 476

    Benefit payments 1,105

    The fund uses:

    Bond options

    Stock index futures

    Fixed-income futures

    Short selling

    Defined benefit asset mix:

    Stocks 56.1%

    Fixed income 26.6%

    Cash equivalents 2.1%

    Private equity 2.0%

    Real estate equity 11.5%

    Mortgages 1.7%

    SPRINGFIELD, Ill. - As of Sept. 30, Teachers' Retirement System of the State of Illinois' total employee benefit assets, all defined benefit, increased 17% from June 30, 1996.

    Employer contributions to the plan increased 44%; benefits paid decreased 1%.

    Defined benefit managers:

    Domestic equities: Ark Asset; Bank of America; Brinson; First of America; Fiduciary Management; Hotchkis & Wiley; Lazard Freres; First Analysis; Wayne Hummer; Mentor Investment; Insight Capital; Lincoln Capital; Munder Capital; Oppenheimer Capital; PIMCO; Paradigm Asset; Sturdivant & Co.; Valenzuela Capital.

    International equities: Blairlogie; Brandywine; Brinson; Clay Finlay; Delaware International; Hotchkis & Wiley; Pyrford International; RCM Capital; Scudder, Stevens & Clark.

    Domestic fixed-income: BlackRock; Chicago Title & Trust; PIMCO; Payden & Rygel; W.R. Huff; Weiss, Peck & Greer; Western Asset Management.

    International fixed-income: Bear Stearns; Brinson; Delaware International; Julius Baer; PIMCO; Schroders Capital; Societe Generale.

    Real estate: Bear Stearns; Capital Associates; Commonwealth Realty; Cozad/Westchester; DLJ

    Fixed income 5% Real Estate; Heitman; K/B Realty; LaSalle Advisors; LPC Realty; RREEF; Stone-Levy; Westmark Realty.

    Alternative investments: Angelo Gordon; Apex Investment; Daystar Partners; DLJ Merchant Banking; Frontenac Co.; KKR; Mesirow Private Equity; Penman Asset Management; Periscope I Fund; Managers; Sandler Capital; SCP Private Equity Partners; TCW/Latin American Partners; Appian Group; Trivest; Veronis Suhler; Walnut Growth Partners; Weiss, Peck & Greer; William Blair Mezzanine Capital.

    Tactical asset allocation: Brinson; Pyrford International.

    Cash management: Hotchkis & Wiley; Atlantic Asset.

    The master trustee/custodian and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Don Nesbitt, director of investments; Matthew Evans, director of real estate and alternative investments; John Day, interim executive director.

    State Universities

    Retirement System of Illinois

    ($ millions)

    Total assets 8,849

    Defined benefit 8,849

    Employer DB contributions 211

    Benefit payments 466

    The fund uses:

    Stock options

    Bond options

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 69%

    Fixed income 28%

    Private equity 1%

    Real estate equity 2%

    CHAMPAIGN, Ill. - As of Sept. 30, State Universities Retirement System of Illinois's total employee pension assets, which consists solely of a defined benefit fund, increased 24% from a year earlier.

    Employer contributions to the defined benefit plan increased 43%; benefits paid increased 23%.

    Defined benefit managers:

    Domestic equities: Fayez Sarofim; Smith Barney; PIMCO; BGI; Progress Investment; Northern Trust.

    International equities: Brinson Partners; American Express; Martin Currie; BGI.

    Domestic fixed-income: PIMCO; Standish Ayer & Wood; Chicago Trust; BlackRock; Zurich; BGI.

    Real estate: ERE Yarmouth; RREEF.

    The master trustee/custodian 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 8,160

    Defined benefit 8,153

    Total defined contribution 7

    Employer DB contributions 360

    Benefit payments 310

    The fund uses:

    Stock index futures

    Defined benefit asset mix:

    Stocks 10%

    Fixed income 90%

    Defined contribution asset mix:

    Fixed income 100%

    INDIANAPOLIS, Ind. - As of Sept. 30, the Indiana Public Employees' Retirement Fund's total employee benefit assets increased 13% from a year earlier. Defined benefit assets increased 13% during the same period. The defined contribution program was started in 1996.

    Employer contributions to the defined benefit plan increased 46%, benefits paid increased 48%.

    Defined benefit managers:

    Domestic equities: ANB.

    Domestic fixed-income: Bank One; Danson & Neuhar; Holland; NCM; Pacific Income; Taplin Canida; Conseco; First Chicago NBD; Harris; HM Capital; J.P. Morgan; Prime Capital; Reams.

    Defined contribution manager: Prime Capital.

    The master trustee/custodian is National City.

    Key personnel overseeing the investment management of the funds are H. Garth Dickey, director; and David Yeater, controller.

    Indiana State Teachers'

    Retirement Fund

    ($ millions)

    Total assets 3,855

    Defined benefit 3,855

    Employer DB contributions 538

    Benefit payments 405

    Defined benefit asset mix:

    Fixed income 100%

    INDIANAPOLIS - As of Sept. 30, total employee defined benefit assets increased 12% from a year earlier.

    Employer contributions to the defined benefit plan were $538 million; benefits paid increased 9%.

    Defined benefit managers:

    Domestic fixed-income: Alliance; Bank One; Baxter; National City; NBD; Reams; Seix; Taplin Canida Habacht; Bank of New York; Todd.

    The master trustee/custodian is National City Bank.

    The key person overseeing the investment management of the fund is Robert D. Newland, investment officer.

    International Paper

    ($ millions)

    Total assets 6,093

    Defined benefit 3,894

    401(k)/457 2,199

    Employer DB contributions 0

    Benefit payments 147

    Total DC contributions 126

    Defined benefit asset mix:

    Stocks 54%

    Fixed income 35%

    Cash equivalents 4%

    Real estate equity 2%

    Alternative 5%

    PURCHASE, N.Y. - As of Sept. 30, International Paper's total employee benefit assets increased 29% from a year earlier. Defined benefit assets increased 28% during the same period; defined contribution assets increased 32%.

    Benefits paid by the defined benefit plan increased 6%.

    The master trustee/custodian and global custodian is State Street Bank.

    Key personnel overseeing the investment management of the defined contribution plan are Robert M. Hunkeler, vice president, investments; and Connie R. Caperella, director, trust investments. Overseeing the defined contribution plan are Mr. Hunkeler and Patricia Advaney, manager-trust operations.

    Fixed income 2%

    GICs/BICs 28%

    Cash equivalents 1%

    NEW BRUNSWICK, N.J. - As of Sept. 30, Johnson & Johnson's total employee benefit assets increased 25% from a year earlier. Defined benefit assets increased 25% during the same period; defined contribution assets also increased 25%

    The master trustee/custodian and global custodian is Bankers Trust.

    Key personnel overseeing the investment management of both the defined benefit and defined contribution plans are William Rauh, director-pension funds; and Lori Blutfield, manager-pension funds.

    Johnson & Johnson

    ($ millions)

    Total assets 4,750

    Defined benefit 2,500

    401(k)/457 2,250

    Internally managed assets:

    Defined contribution 1,550

    Defined benefit asset mix:

    Stocks 74.4%

    Fixed income 22.1%

    Cash equivalents 0.5%

    Private equity 0.7%

    Real estate equity 0.8%

    Other 1.5%

    Defined contribution asset mix:

    Company stock 42%

    Other stock 27%

    Fixed income 2%

    GICs/BICs 28%

    Cash equivalents 1%

    NEW BRUNSWICK, N.J. - As of Sept. 30, Johnson & Johnson's total employee benefit assets increased 25% from a year earlier. Defined benefit assets increased 25% during the same period; defined contribution assets also increased 25%

    The master trustee/custodian and global custodian is Bankers Trust.

    Key personnel overseeing the investment management of both the defined benefit and defined contribution plans are William Rauh, director-pension funds; and Lori Blutfield, manager-pension funds.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    Citadel's Ken Griffin gives $125 million to Chicago museum; name will change
    Citadel's Ken Griffin gives $125 million to Chicago museum; name will change
    Research for Institutional Money Management
    Sponsored Content: Research for Institutional Money Management

    Reader Poll

    January 25, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    The Future of Infrastructure: Building a Better Tomorrow
    Fulcrum Issues: Equity Returns and Inflation — Choose Your Own Adventure
    What Matters Most in Considering a Private Debt Strategy
    Why pursue direct lending in the core middle market?
    Research for Institutional Money Management
    Are Factors a Thing of the Past?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 Defined Contribution East
      • 2023 ESG Investing