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 9,040
Total U.S. institutional tax-exempt 7,075
U.S. institutional tax-exempt int'l/global 7,075
Internal international/global 7,075
Internal international 5,842
Active equity accounts 5,842
International asset mix:
Equity 100%
Internal global 1,233
Active equity accounts 1,233
Global asset mix:
Equity 100%
Non-U.S. pension assets 687
Internally managed 687
International equity: Committed most heavily to Japan, the U.K., France, Germany and Sweden.
Global equity: Committed most heavily to the U.S., Japan, the U.K., Canada and France.
Analysts/portfolio managers: Stationed in London.
Year registered with SEC: 1990.
Jeremy J. Hosking is chief investment officer; Helen Blanchard is client contact at (203) 263-0420.
Martin Currie Inc.
53 Forest Ave., Old Greenwich, CT 06870; phone: (203) 698-9031; fax: (203) 698-9037; www.martincurrie.com
(U.S. $ millions)
Total assets 8,940
Total U.S. institutional tax-exempt 2,865
U.S. institutional tax-exempt int'l/global 2,865
Internal international/global 2,865
Internal international 2,609
Active equity accounts 2,497
Emerging markets equity 112
International asset mix:
Equity 98%
Cash 2%
Internal global 256
Active equity accounts 256
Global asset mix:
Equity 98.8%
Cash 1.2%
Non-U.S. pension assets 879
Internally managed 879
International equity: Committed most heavily to the U.K., Japan, France, Germany and Italy.
Global equity: Committed most heavily to the U.S., U.K., Japan, France and Germany.
Analysts/portfolio managers: Stationed in Edinburgh and London.
Year registered with SEC: 1978.
Parent company: Martin Currie Ltd.
The statistics shown above include data from Martin Currie Investment Management Ltd., Martin Currie Unit Trusts Ltd. and Martin Currie Private Clients Ltd.
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
(U.S. $ millions)
Total assets 7,762
Total U.S. institutional tax-exempt 5,683
U.S. institutional tax-exempt int'l/global 5,545
Internal international/global 5,545
Internal international 3,897
Active equity accounts 3,478
Emerging markets equity 419
International asset mix:
Equity 100%
Internal global 1,647
Active equity accounts 1,647
Global asset mix:
Equity 100%
Non-U.S. pension assets 863
Internally managed 863
International equity: Committed most heavily to the U.K., Japan, France, the Netherlands and Finland.
Global equity: Committed most heavily to the U.S., the U.K., Japan, Finland and France.
Analysts/portfolio managers: Stationed in Wilmington.
Year registered with SEC: 1986.
David F. Marvin is chief investment officer; Jon Stiklorius, Eugene Mulvaney and Steve Gannon are client contacts.
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 3,095
Total U.S. institutional tax-exempt 2,363
U.S. institutional tax-exempt int'l/global 2,363
Internal international/global 2,363
Internal international 2,315
Active equity accounts 2,293
Emerging markets equity 22
International asset mix:
Equity 100%
Internal global 48
Active equity accounts 46
Emerging markets equity 2
Global asset mix:
Equity 100%
International equity: Committed most heavily to the U.K., France, Switzerland, Sweden and the Netherlands.
Global equity: Committed most heavily to the U.K., France, Switzerland, Sweden and Italy.
Analysts/portfolio managers: Stationed in Fort Lauderdale.
Year registered with SEC: 1984.
John G. Thompson is chief investment officer; Michael A. Williams is client contact.
Merrill Lynch Mercury Asset Management
725 S. Figueroa, Suite 4000, Los Angeles, CA 90017; phone: (213) 430-1000; fax: (213) 430-1014; www.ml.com
(U.S. $ millions)
Total assets 237,464
Total U.S. institutional tax-exempt 2,674
U.S. institutional tax-exempt int'l/global 2,478
Internal international/global 2,478
Internal international 1,953
Active equity accounts 1,103
Balanced 658
Cash 104
Transition management 88
International asset mix:
Equity 56%
Cash 5%
Balanced 34%
Transition management 5%
Internal global 526
Active equity accounts 14
Active bond accounts 512
Global asset mix:
Equity 3%
Bonds 97%
Non-U.S. pension assets 155,900
Internally managed 155,900
International equity: Committed most heavily to the U.K., Switzerland, Germany, France and the Netherlands.
Global equity: Committed most heavily to the U.S., the U.K., Switzerland, the Netherlands and Japan.
Analysts/portfolio managers: Stationed in Princeton, N.J.; London, Melbourne, Singapore, Sydney, Tokyo, and Toronto.
Year registered with SEC: 1976.
Parent company: Merrill Lynch & Co. Inc.
The statistics shown above exclude data from Hotchkis & Wiley.
Don Steinbrugge is client contact.
MFS Investment Management
500 Boylston St., Boston, MA 02116; phone: (617) 954-5514; fax: (617) 954-6657; www.mfs.com
(U.S. $ millions)
Total assets 103,173
Total U.S. institutional tax-exempt 16,390
U.S. institutional tax-exempt int'l/global 791
Internal international/global 791
Internal international 67
Active equity accounts 67
International asset mix:
Equity 100%
Internal global 724
Active equity accounts 512
Emerging markets equity 22
Balanced 138
Active bond accounts 51
Emerging markets debt 1
Global asset mix:
Equity 93%
Bonds 7%
International equity: Committed most heavily to the U.K., France, Japan, the Netherlands and Sweden.
Global equity: Committed most heavily to the U.S., the U.K., France, Japan and the Netherlands.
Analysts/portfolio managers: Stationed in Boston, London, Singapore and Tokyo.
Year registered with SEC: 1969.
Parent company: Sun Life Assurance Co. of Canada.
John W. Ballen is chief investment officer; Edward M. Swan, Jr. is client contact.
Morgan Grenfell Asset Management Ltd.
20 Finsbury Circus, London EC2M 1NB England; phone: (212) 230- 2600; fax: (212) 755-9087; morgan-grenfell.com
(U.S. $ millions)
Total assets 170,538
Total U.S. institutional tax-exempt 20,953
U.S. institutional tax-exempt int'l/global 10,484
Internal international/global 10,484
Internal international 6,715
Active equity accounts 4,294
Emerging markets equity 320
Active bond accounts 1,689
Emerging markets debt 412
International asset mix:
Equity 69%
Bonds 31%
Internal global 3,769
Balanced 1,071
Active bond accounts 2,698
Global asset mix:
Equity 14%
Bonds 86%
Non-U.S. pension assets 82,438
Internally managed 82,438
International equity: Committed most heavily to the U.K., Japan, France, the Netherlands and Switzerland.
Global equity: Committed most heavily to the U.S., the U.K., Greece, Hungary and Poland.
Analysts/portfolio managers: Stationed in London, Frankfurt, Tokyo, Singapore, Hong Kong, Milan, New York and Philadelphia.
Year registered with SEC: 1977.
Parent company: Deutsche Bank.
The statistics shown above include data from Morgan Grenfell Investment Services Ltd. and Morgan Grenfell Inc.
Greg Fisher is chief investment officer; Christopher Thorsheim is client contact in New York.
J.P. Morgan Investment Management Inc.
522 Fifth Ave., New York, NY 10036; phone: (212) 837-2300; fax: (212) 837-1067; www.jpmorgan.com
(U.S. $ millions)
Total assets 320,226
Total U.S. institutional tax-exempt 143,053
U.S. institutional tax-exempt int'l/global 20,188
Internal international/global 20,188
Internal international 11,939
Active equity accounts 8,351
Indexed equity accounts 736
Emerging markets equity 2,700
Emerging markets debt 75
Alternative investments 77
International asset mix:
Equity 98.7%
Bonds 0.6%
Alternative investments 0.7%
Internal global 8,249
Active equity accounts 394
Balanced 4,878
Active bond accounts 2,977
Global asset mix:
Equity 43.2%
Bonds 53.8%
Cash 3.0%
Overlay strategies:
Forwards 17,700
Internally managed underlying assets 17,700
Non-U.S. pension assets 27,176
Internally managed 27,176
International equity: Committed most heavily to the U.K., Japan, France, Germany and the Netherlands.
Global equity: Committed most heavily to the U.S., the U.K., Japan, France and Germany.
Analysts/portfolio managers: Stationed in New York, Frankfurt, Geneva, London, Madrid, Houston, Singapore, Milan, Tokyo and Paris.
Year registered with SEC: 1984.
Parent company: J.P. Morgan & Co. Inc.
Eve Guernsey is client contact.
Morgan Stanley Dean Witter
1221 Avenue of the Americas, New York, NY 10020; phone: (212) 762-4000; fax: (212) 762-7401; msdw.com
(U.S. $ millions)
Total assets* 385,000
Total U.S. institutional tax-exempt 125,086
U.S. institutional tax-exempt int'l/global 51,704
Internal international/global 43,109
Internal international 30,616
Active equity accounts 29,127
Emerging markets equity 320
Active bond accounts 364
Emerging markets debt 780
Real estate equity 25
International asset mix:
Equity 96%
Bonds 4%
Internal global 12,493
Active equity accounts 1,430
Indexed equity accounts 27
Emerging markets equity 3,412
Balanced 4,784
Active bond accounts 2,840
Global asset mix:
Equity 66%
Bonds 34%
Non-U.S. pension assets 2,500
Internally managed 833
*Total assets as of Feb. 28.
In addition to the assets listed above, Morgan Stanley Dean Witter & Co. oversees $8.59 billion in U.S. institutional tax-exempt assets managed by external firms. Of that, $2.74 billion was in international and $5.85 billion in global accounts.
International equity: Committed most heavily to the U.K., Japan, France, Switzerland and Germany.
Global equity: Committed most heavily to the U.S., Mexico, South Korea, Brazil and Taiwan.
Analysts/portfolio managers: Stationed in New York; West Conshohocken, Pa.; Amsterdam; London; Mumbai; Singapore; and Tokyo.
Year registered with SEC: 1975.
The statistics shown above include data from Morgan Stanley Dean Witter Investment Management Inc., Morgan Stanley Dean Witter Investment Management Ltd., Morgan Stanley Dean Witter Investment Management Co., Morgan Stanley Asset & Investment Trust Management Co. Ltd. and Miller Anderson & Sherrerd LLP.
Richard Worley is chief investment officer; Tracey H. Ivey is client contact.
