Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 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
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
June 28, 1999 01:00 AM

COCA-COLA CONSIDERS ASSET-LIABILITY STUDY

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

    ATLANTA -- The Coca-Cola Co. is considering an asset-liability study for its $1.1 billion defined benefit plan, which could lead to investment changes, said Linda Mincey, manager of pensions and investments. The current mix is 49% domestic equity, 25% domestic fixed income, 12% international equity, 4% international fixed income, 4% real estate, 3% private equity and 3% cash.

    PBGC gets stock, board seats in Allis-Chalmers settlement

    WASHINGTON -- The PBGC received 35% of Milwaukee-based Allis-Chalmers Corp.'s stock and three of seven board seats as part of a $63 million settlement for the termination of the company's pension plan in 1997.

    Allis-Chalmers didn't make any pension contributions after January 1996 and asked the Pension Benefit Guaranty Corp. to take over the underfunded plan, which covered 9,000 former workers and retirees.

    The plan had assets of $209 million and liabilities of $272 million when it was terminated.

    Pacholder Associates, a special situations manager, will represent the PBGC on the Allis-Chalmers board, according to the agency.

    State universities opt for enhanced indexes

    CHAMPAIGN, Ill. -- The Illinois State Universities Retirement System decided to move $100 million to an enhanced index portfolio from PIMCO's stocks-plus portfolio. The enhanced portfolio will be with BlackRock, which already manages a $360 million mortgage-backed securities portfolio for the fund. PIMCO will continue to manage $600 million for the $10.4 billion fund.

    Separately, large-cap equity manager Fayez Sarofim will lose $400 million to existing domestic equity index managers BGI and Northern Trust Quantitative. The exact split will be at the investment staff's discretion, said James Hacking, executive director. Fayez Sarofim still will manage between $300 million and $350 million.

    School employees expand fixed-income allocation

    BATON ROUGE, La. -- The Louisiana School Employees' Retirement System allocated an additional $40 million to domestic fixed-income manager Schroder Capital Management June 1. Schroder's portfolio now totals $287 million. Funding came from existing large-cap equity managers, the result of a rebalancing in which the equity portfolio was pared four percentage points, said Julia LeBlanc, chief investment officer for the $1.5 billion fund.

    County considers adding 401(a) plan

    SAN DIEGO -- The San Diego County Employees' Retirement System is investigating adding a 401(a) plan to augment its $300 million 457 deferred compensation plan, said Neil Rossi, chief deputy treasurer.

    Plan documents are being drafted and the concept is being reviewed by counsel in preparation for IRS approval, he said. Staff is looking into alternative plan structures with current 457 service provider Hartford Life. Whether there will be an employer matching contribution and whether the investment options in the 401(a) plan will mirror those in the 457 plan are still undetermined.

    County system rejiggers asset allocation

    ROCKVILLE, Md. -- The Montgomery County Employees' Retirement System shifted its asset allocation, following a study completed earlier this year. The $1.85 billion fund is increasing its international equity allocation to 13%from 10%and its fixed-income exposure to 39%from 36% It also is eliminating a 6%target real estate allocation.

    "(Real estate) did not provide the return expectation we had anticipated," said Patrick Bell, recently named director of pension investments at the Montgomery County Board of Investment Trustees, which includes the employees' retirement system, a 401(a) retirement savings plan and a 457 deferred compensation plan. Mr. Bell was named acting executive director following Julie Dellinger's departure several months ago.

    Study shows coverage could cost $25 billion

    WASHINGTON -- The American Federation of State, County and Municipal Employees, AFL-CIO, released a report concluding mandatory Social Security coverage of newly hired public employees would increase payroll cost by $25 billion in the first five years.

    Based on statistics from the Social Security Administration and information gathered from individual state retirement plans, Segal Co., which was hired to do the study, estimated the cost impact of adding Social Security benefits to the current retirement program; the cost of maintaining current benefit levels for all employees, along with Social Security; and the cost of maintaining current benefit costs by absorbing Social Security and cutting benefits to employees.

    The actuarial firm concluded that mandatory Social Security will likely result in a reduction of benefits and higher contribution rates for employees and employers.

    Dwight Asset introduces stable value mutual fund

    BURLINGTON, Vt. -- Dwight Asset Management introduced the Dwight Capital Preservation Portfolio, a stable value mutual fund for IRA participants. A separate class of shares may be introduced for defined contribution plans, said Laura Dagan, managing director. The mutual fund will invest in securities rated AAA and use wrappers that are at least rated AA, she said.

    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
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    Emerging Markets: A Selective Approach
    Sponsored Content: Emerging Markets: A Selective Approach

    Reader Poll

    June 6, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Nearing the finish line: Ideas on end-state investing for corporate DB plans
    The Meaning of "Portfolio Intelligence"
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Crossroads: Politics, Inflation, & Bonds
    Is there a mid-cap gap in your DC plan?
    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
    June 20, 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 © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 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
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit