865 S. Figueroa St., Suite 1800, Los Angeles, CA 90017; phone: (213) 244-0000; fax: (213) 244-0741; www.tcwgroup.com
(U.S. $ millions)
Total assets 51,489
Total U.S. institutional tax-exempt 30,498
Internal U.S. institutional tax-exempt 28,191
Total international/global 4,216
Internal international 1,939
Active equity accounts 397
Emerging markets equity accounts 386
Emerging markets debt 1,156
Nondomestic pension assets 1,204
TCW Group had $1.939 billion in international accounts as of March 31.
The firm's asset mix for international accounts was 40% equity and 60% bonds as of March 31; equity assets were committed most heavily to Japan, the U.K., France, Germany and Switzerland.
TCW is a multistrategy firm.
In addition to assets listed above, $2.277 billion in U.S. institutional tax-exempt assets are managed for global accounts on the firm's behalf by external managers.
The firm manages $1.94 billion in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in Los Angeles, New York, London, Hong Kong, Houston and San Francisco.
The firm, a subsidiary of TCW Group Inc., has been registered with the SEC since 1971.
The chief investment officers are: Douglas Foreman, U.S. equities; Javier Baz, international; Philip Barach, U.S. investment-grade fixed income; and Mark Attanasio, U.S. below-investment-grade fixed income. Thomas Larkin Jr. is client contact.
Templeton Investment Counsel Inc.
500 E. Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394; phone: (954) 527-7500; fax: (954) 527-2137
(U.S. $ millions)
Total assets 106,817
Total U.S. institutional tax-exempt 10,896
Internal U.S. institutional tax-exempt 10,896
Total international/global 9,989
Internal international 8,360
Active equity accounts 8,360
Internal global 1,629
Active equity accounts 1,629
Nondomestic pension assets 4,500
Templeton Investment Counsel Inc. had $8.36 billion in international accounts and $1.629 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., France, Sweden, the Netherlands and Spain.
As of the same date, its global account asset mix was 100% equity; assets were committed most heavily to the U.S., France, the Netherlands, the U.K. and Spain.
The firm is disciplined and value oriented, using a bottom-up, stock selection approach. The primary factor in finding value is analysis of the current price relative to long-term earnings potential or real book value. The firm has a five-year investment horizon.
The firm manages $37,000 in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in Fort Lauderdale, Nassau, Toronto, Edinburgh, Hong Kong, Singapore, Ho Chi Minh City, Mumbai, Warsaw, Moscow, Shanghai, Buenos Aires and Johannesburg.
The firm, a subsidiary of Franklin Resources Inc., has been registered with the SEC since 1979.
Mark G. Holowesko is chief investment officer; Niels Andersen is client contact.
730 Third Ave., New York, NY 10017; phone: (212) 490-9000; fax: (212) 972-7533; www.tiaa-cref.org
(U.S. $ millions)
Total assets 230,000
Total U.S. institutional tax-exempt 230,000
Internal U.S. institutional tax-exempt 230,000
Total international/global 5,800
Internal global 5,800
TIAA-CREF had $5.8 billion in global accounts as of March 31.
Its global account asset mix as of that date was 100% equity; assets were committed most heavily to the U.S., the U.K., Japan, the Netherlands and Germany.
The firm constructs diversified portfolios to take advantage of different asset classes, while helping to reduce risks.
The firm has been registered with the SEC since 1952.
Martin L. Leibowitz is chief investment officer; David Shunk is client contact.