Orion House, 5 Upper St. Martin's Lane, London, WC2H 9EA England; phone: (44-171) 497-2211; fax: (44- 171) 497-2399
(U.S. $ millions)
Total assets 10,167
Total U.S. institutional tax-exempt 7,580
Internal U.S. institutional tax-exempt 7,580
Total international/global 7,580
Internal international 6,260
Active equity accounts 6,260
Internal global 1,320
Active equity accounts 1,320
Nondomestic pension assets 7,200
Marathon-London had $6.26 billion in international accounts and $1.32 billion 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 France, Germany, Japan, Sweden and the U.K.
As of the same date, its global account asset mix was 100% equity; assets were committed most heavily to Finland, Japan, Sweden, the U.K. and the U.S.
The firm relies upon qualitative, non-consensus disciplines. Selections are made from the value and growth universes determined through analysis of capital flows and competition.
The firm manages $380 million in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in London.
The firm has been registered with the SEC since 1990.
Jeremy J. Hosking is chief investment officer; Helen Blanchard is client contact.
Martin Currie Inc.
53 Forest Ave., Old Greenwich, CT 06870; phone: (203) 698-9031; fax: (203) 698-9037
(U.S. $ millions)
Total assets 10,582
Total U.S. institutional tax-exempt 3,025
Internal U.S. institutional tax-exempt 3,025
Total international/global 3,025
Internal international 2,380
Active equity accounts 2,283
Emerging markets equity 97
Internal global 645
Active equity accounts 645
Nondomestic pension assets 2,424
Martin Currie Inc. had $2.38 billion in international accounts and $645 million in global accounts as of March 31.
The firm's asset mix for international accounts was 96.1% equity and 3.9% cash as of March 31; equity assets were committed most heavily to the U.K., Japan, Germany, France and Italy.
As of the same date, its global account asset mix was 97.2% equity and 2.8% cash; equity assets were committed most heavily to the U.S., the U.K., Japan, Germany and France.
The firm is an opportunistic active equity manager, seeking growth opportunities at the right price. It will take significant under/overweight positions against indexes.
The firm manages $680 million in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in Edinburgh.
The statistics shown above include data from Martin Currie Investment Management Ltd., Martin Currie Unit Trusts Ltd. and Martin Currie Private Clients Ltd.
The firm, a subsidiary of Martin Currie Ltd., has been registered with the SEC since 1978.
James Fairweather is chief investment officer; Steve Johnson is client contact.
Marvin & Palmer Associates
1201 N. Market St., Suite 2300,
Wilmington, DE 19801; phone: (302) 573-3570; fax: (302) 573-6772; www.nelnet.com/marvin&palmer
(U.S. $ millions)
Total assets 5,591
Total U.S. institutional tax-exempt 4,063
Internal U.S. institutional tax-exempt 4,063
Total international/global 3,973
Internal international 2,788
Active equity accounts 2,543
Emerging markets equity 245
Internal global 1,185
Active equity accounts 1,185
Nondomestic pension assets 636
Marvin & Palmer Associates Inc. had $2.788 billion in international accounts and $1.185 billion 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 the U.K., Germany, Switzerland, the Netherlands and France.
As of the same date, its global account asset mix was 100% equity; assets were committed most heavily to the U.S., the U.K., Germany, Switzerland and the Netherlands.
An active, top-down manager, the firm uses screening and fundamental analysis.
Analysts or portfolio managers are stationed in Wilmington.
The firm has been registered with the SEC since 1986.
David F. Marvin is chief investment officer; Jon Stiklorius, Gene Mulvaney and Stephen Gannon are client contacts.
Mellon Capital Management
595 Market St., Suite 3000, San Francisco, CA 94105; phone: (415) 546-6056; fax: (415) 975-2375
(U.S. $ millions)
Total assets 67,181
Total U.S. institutional tax-exempt 58,110
Internal U.S. institutional tax-exempt 58,110
Total international/global 3,664
Internal international 1,347
Active equity accounts 100
Indexed equity accounts 1,247
Internal global 2,317
Balanced 2,317
Nondomestic pension assets 504
Mellon Capital Management Corp. had $1.347 billion in international accounts and $2.317 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 100% equity as of March 31; equity assets were committed most heavily to Japan, the U.K., Germany, Switzerland and France.
As of the same date, its global account asset mix was 69% equity, 31% bonds; equity assets were committed most heavily to the U.S., Japan, Switzerland, Germany and the U.K.
The firm offers value-based global TAA and international asset allocation strategies that actively allocate assets across major world markets. Passive strategies are designed to replace the performance of individual countries in the EAFE (Free) index.
The firm manages $317 million in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in San Francisco.
The firm, a subsidiary of Mellon Bank Corp., has been registered with the SEC since 1983.
Thomas Hazuka is chief investment officer; Susan Hinkson is client contact.
Mercator Asset Management
2400 E. Commercial Blvd., Suite 810, Fort Lauderdale, FL 33308; phone: (954) 771-9660; fax: (954) 771-9677
(U.S. $ millions)
Total assets 3,191
Total U.S. institutional tax-exempt 2,469
Internal U.S. institutional tax-exempt 2,469
Total international/global 2,469
Internal international 2,381
Active equity accounts 2,325
Emerging markets equity 56
Internal global 88
Active equity accounts 85
Emerging markets equity 3
Mercator Asset Management LP had $2.381 billion in international accounts and $88 million in global accounts as of March 31.
The firm's asset mix for international accounts was 95% equity and 5% cash as of March 31; equity assets were committed most heavily to the U.K., the Netherlands, Switzerland, France and Sweden.
As of the same date, its global account asset mix was 95% equity and 5% cash; equity assets were committed most heavily to the U.K., the Netherlands, France, Switzerland and Sweden.
The firm is value-oriented, using a bottom-up strategy to identify and select undervalued securities.
Analysts or portfolio managers are stationed in Fort Lauderdale.
The firm has been registered with the SEC since 1984.
John G. Thompson is chief investment officer; Michael A. Williams is client contact.
Merrill Lynch Asset Management Group
250 Vesey St., New York, NY 10281; phone: (212) 449-2004; fax: (212) 449-7357; www.ml.com
(U.S. $ millions)
Total assets 487,860
Total U.S. institutional tax-exempt 23,026
Internal U.S. institutional tax-exempt 23,026
Total international/global 8,354
Internal international 7,176
Active equity accounts 5,955
Emerging markets equity 23
Active bond accounts 1,198
Internal global 1,178
Active equity accounts 37
Active bond accounts 1,141
Nondomestic pension assets 140,281
Merrill Lynch Asset Management Group had $7.176 billion in international accounts and $1.178 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 83% equity and 17% bonds as of March 31; equity assets were committed most heavily to the U.K., Japan, France, Switzerland and the Netherlands.
As of the same date, its global account asset mix was 3% equity and 97% bonds; equity assets were committed most heavily to the U.S., the U.K., Japan, the Netherlands and Switzerland.
The firm is a multiproduct manager.
The firm manages $12.143 billion in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in London, Tokyo, Melbourne, Singapore, Frankfurt, Princeton and Los Angeles.
The statistics shown above include data from Merrill Lynch Asset Management, Mercury Asset Management, Merrill Lynch Capital Management Group and Hotchkis & Wiley.
The firm, a subsidiary of Merrill Lynch & Co., has been registered with the SEC since 1976.
Client contacts are: Gregory Upah, Colin Clark, Charles Beazley and Kevin Welsh.
MFS Investment Management
500 Boylston St., Boston, MA 02116; phone: (617) 954-5000; fax: (617) 954-6657; www.mfs.com
(U.S. $ millions)
Total assets 82,657
Total U.S. institutional tax-exempt 16,040
Internal U.S. institutional tax-exempt 16,040
Total international/global 528
Internal international 37
Active equity accounts 34
Emerging markets debt 3
Internal global 491
Active equity accounts 294
Balanced 102
Active bond accounts 95
Nondomestic pension assets 28
MFS Investment Management had $37 million in international accounts and $491 million in global accounts as of March 31.
The firm's asset mix for international accounts was 91% equity and 9% bonds as of March 31; equity assets were committed most heavily to the U.K., Japan, the Netherlands, Sweden and France.
As of the same date, its global account asset mix was 72% equity and 28% bonds; equity assets were committed most heavily to the U.S., the U.K., Japan, the Netherlands and France.
The firm is an active manager that uses bottom-up fundamental research.
The firm manages $2.691 billion in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in Boston, London and Singapore.
The statistics shown above include data from MFS Institutional Advisors Inc.
The firm, a subsidiary of Sun Life Assurance Co. of Canada (U.S.), has been registered with the SEC since 1969.
Thomas J. Cashman Jr. is chief investment officer; Joseph J. Trainor is client contact.
Morgan Grenfell Asset Management
20 Finsbury Circus, London EC2M 1NB England; NY phone: (212) 230- 2600; NY fax: (212) 755-9087
(U.S. $ millions)
Total assets 160,928
Total U.S. institutional tax-exempt 20,301
Internal U.S. institutional tax-exempt 20,301
Total international/global 11,338
Internal international 7,521
Active equity accounts 4,979
Emerging markets equity 297
Active bond accounts 1,594
Emerging markets debt 651
Internal global 3,817
Balanced 49
Active bond accounts 3,768
Nondomestic pension assets 50,910
Morgan Grenfell Asset Management had $7.521 billion in international accounts and $3.817 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 70% equity and 30% bonds as of March 31; equity assets were committed most heavily to the U.K., Japan, France, the Netherlands and Sweden.
As of the same date, its global account asset mix was 1% equity and 99% bonds; equity assets were committed most heavily to the U.S., the U.K., Japan, Sweden and the Netherlands.
The firm uses an active, primarily bottom-up, equity approach that emphasizes growth stocks; regional/market allocations and currency analysis are secondary. For fixed income, it actively manages currencies, bond markets and issues. Currency and bond market exposure decisions are separate. It uses currency hedging via the forward and currency options markets.
The firm manages $1.732 billion in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in London, Tokyo, New York, Singapore, Sydney, Philadelphia, Hong Kong, Frankfurt and Jakarta.
The statistics shown above include data from Morgan Grenfell Investment Services Ltd.
The firm, a subsidiary of Deutsche Bank, has been registered with the SEC since 1977.
Michael Bullock is chief investment officer; Christopher Thorsheim, in New York, is client contact.
J.P. Morgan Investment Management Inc.
522 Fifth Ave., New York, NY 10036; phone: (212) 837-5280; fax: (212) 837-1067
(U.S. $ millions)
Total assets 287,909
Total U.S. institutional tax-exempt 134,368
Internal U.S. institutional tax-exempt 134,368
Total international/global 18,868
Internal international 17,284
Active equity accounts 11,919
Emerging markets equity 2,826
Active bond accounts 1,022
Emerging markets debt 1,517
Internal global 1,584
Active equity accounts 952
Balanced 384
Active bond accounts 248
Nondomestic pension assets 39,118
J.P. Morgan Investment Management Inc. had $17.284 billion in international accounts and $1.584 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 84% equities and 16% bonds as of March 31; equity assets were committed most heavily to the U.K., Japan, Germany, France and Switzerland.
As of the same date, its global account asset mix was 68% equities and 32% bonds; equity assets were committed most heavily to the U.S., the U.K., Japan, Germany and France.
The firm seeks to determine the fundamental value of markets and securities.
The firm runs $14.588 billion of U.S. institutional, discretionary tax-exempt assets in forward strategies for international and global accounts; all of the underlying assets are managed internally.
The firm manages $15.555 billion in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in London, New York, Tokyo, Melbourne, Frankfurt, Paris, Singapore, Madrid, Milan and Geneva.
The firm, a subsidiary of J.P. Morgan & Co. Inc., has been registered with the SEC since 1984.
Thomas Luddy is chief investment officer; Bridget Smith is client contact.
Morgan Stanley Asset Management/Miller Anderson & Sherrerd LLP
1 Tower Bridge, West Conshohocken, PA 19428; phone: (610) 940-5000; fax: (610) 940-5189
(U.S. $ millions)
Total assets 163,745
Total U.S. institutional tax-exempt 123,762
Internal U.S. institutional tax-exempt 105,821
Total international/global 37,349
Internal international 27,333
Active equity accounts 25,369
Emerging markets equity 495
Active bond accounts 60
Emerging markets debt 1,409
Internal global 10,016
Active equity accounts 7,363
Balanced 862
Active bond accounts 1,791
Morgan Stanley Asset Management/Miller Anderson & Sherrerd had $27.333 billion in international accounts and $10.016 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 95% equity and 5% bonds as of March 31; equity assets were committed most heavily to the U.K., Japan, France, Germany and the Netherlands.
As of the same date, its global account asset mix was 79% equity and 21% bonds; equity assets were committed most heavily to the U.S., the U.K., Germany, Japan and Switzerland.
The firm employs a combination of top-down and bottom-up investing. The country allocation process focuses on the measurement of value offered by an equity market relative to others .
The firm manages $21.056 billion in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in West Conshohocken, New York, London, Tokyo, Singapore, Bombay and Amsterdam.
The firm -- a subsidiary of Morgan Stanley, Dean Witter & Co. -- has been registered with the SEC since 1974.
Barton Biggs and Richard Worley are chief investment officers; Tracey H. Ivey is client contact.
