Capital Guardian Trust Co.
333 S. Hope St., Los Angeles, CA 90071; phone: (213) 486-9200; fax: (213) 486-9625
(U.S. $ millions)
Total assets 77,052
Total U.S. institutional tax-exempt 71,905
Internal U.S. institutional tax-exempt 71,905
Total international/global 43,797
Internal international 37,850
Active equity accounts 36,894
Emerging markets equity 323
Balanced 41
Active bond accounts 537
Emerging markets debt 55
Internal global 5,947
Active equity accounts 3,307
Balanced 1,899
Active bond accounts 741
Nondomestic pension assets 3,564
Capital Guardian Trust Co. had $37.85 billion in international accounts and $5.947 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 93% equity, 2.5% bonds and 4.5% cash as of March 31; equity assets were committed most heavily to Japan, the U.K., Canada, Germany and Sweden.
As of the same date, its global account asset mix was 76.4% equity, 20.5% bonds and 3.1% cash; equity assets were committed most heavily to the U.S., Japan, the U.K., Switzerland and Canada.
The firm is a bottom-up, value-oriented investment management firm. Its approach is research driven, with 95% of research from in-house sources.
The firm manages $1.66 billion in U.S. markets for non-U.S. based institutional clients.
Analysts or portfolio managers are stationed in Los Angeles, San Francisco, Atlanta, New York, Washington, London, Geneva, Hong Kong, Tokyo and Singapore.
The firm is a subsidiary of The Capital Group Cos. Inc.
David I. Fisher is chief investment officer; John H. Seiter is client contact.
CIGNA Retirement & Investment Services
P.O. Box 2975 H17C, Hartford, CT 06104; phone: (800) 997-6633; fax: (860) 534-2052
(U.S. $ millions)
Total assets 79,241
Total U.S. institutional tax-exempt 72,536
Internal U.S. institutional tax-exempt 54,157
Total international/global 4,521
Internal international 4,521
Active equity accounts 564
Emerging markets equity 111
Active bond accounts 3,780
Emerging markets debt 40
Other 26
Nondomestic pension assets 6,705
CIGNA Retirement & Investment Services had $4.521 billion in international accounts as of March 31.
The firm's asset mix for those accounts was 18% equity and 82% bonds, as of March 31; equity assets were committed most heavily to Japan, the U.K., Germany, France and Switzerland.
The firm is an active manager. Its disciplined top-down, bottom-up approach is supported by fundamental research within a global framework. Investment decisions emphasize capitalizing on differences between market price and fundamental value.
Analysts or portfolio managers are stationed in London, Tokyo, Hartford, Sydney and Santiago.
The firm, a subsidiary of CIGNA Corp., has been registered with the SEC since 1991.
Thomas C. Jones is chief investment officer; Daniel McDonough and David Castellani are client contacts.
Clay Finlay Inc.
200 Park Ave., New York, NY 10166; phone: (212) 557-7022; fax: (212) 557-9350
(U.S. $ millions)
Total assets 6,959
Total U.S. institutional tax-exempt 4,782
Internal U.S. institutional tax-exempt 4,782
Total international/global 4,748
Internal international 4,530
Active equity accounts 4,283
Emerging markets equity 247
Internal global 218
Active equity accounts 218
Nondomestic pension assets 1,601
Clay Finlay Inc. had $4.53 billion in international accounts and $218 million in global accounts as of March 31.
The firm's asset mix for international accounts was 100% equity as of March 31; assets were committed most heavily to Japan, the U.K., France, Germany and the Netherlands.
As of the same date, its global account asset mix was 100% equity; assets were committed most heavily to the U.S., Japan, the U.K., France and Switzerland.
In international and regional mandates, the firm uses a combination top-down/bottom-up approach seeking quality growth companies selling at attractive valuation levels. Top-down factors dominate its approach in emerging markets.
Analysts or portfolio managers are stationed in New York, London, Geneva, Hong Kong, Melbourne and Tokyo.
The firm, a subsidiary of United Asset Management, has been registered with the SEC since 1982.
John P. Clay is chief investment officer; Francis Finlay is client contact.
