255 S. Orange Ave., Suite 1201, Orlando, FL 32801; phone: (407) 839-8440; fax: (407) 841-2814; www.icccapital.com
($ millions)
Total assets managed worldwide 1,338
Total worldwide institutional assets 1,338
Total U.S. tax-exempt assets 1,338
Total U.S. institutional tax-exempt 1,338
Internal U.S. institutional tax-exempt 1,338
Asset mix:
Equity 66%
Fixed income 26%
Cash 8%
Internal U.S. institutional tax-exempt assets in:
Asset allocation/balanced 515
U.S. equity, active 925
Foreign equity, active 18
U.S. bond, active 396
Active domestic equity strategies:
Growth
Large cap 2
Value
Large cap 401
Core
Large cap 521
Active international equity strategies:
Developed markets mandate 18
Active domestic fixed-income strategies:
Market timing/active duration 37
Core 358
No. of portfolio managers 4
J. Andrew Richey is chief investment officer; Jennifer Cute is client contact.
ICM Asset Management Inc.
601 W. Main Ave., Suite 600, Spokane, WA 99201; phone: (509) 455-3588; fax: (509) 777-0999; www.icmasset.com
($ millions)
Total assets managed worldwide 2,093
Total worldwide institutional assets 1,714
Total U.S. tax-exempt assets 1,626
Total U.S. institutional tax-exempt 1,435
Internal U.S. institutional tax-exempt 1,435
Asset mix:
Equity 73%
Fixed income 15%
Cash 12%
Internal U.S. institutional tax-exempt assets in:
U.S. equity, active 1,054
U.S. bond, active 212
Cash 169
Active domestic equity strategies:
Growth
Large cap 95
Value
Midcap 13
Small cap 946
Active domestic fixed-income strategies:
Core 212
No. of portfolio managers 6
Size of research staff 6
James Marvin Simmons is chief investment officer; Brian Cathcart is client contact.
ICMA Retirement Corp.
777 N. Capitol St. N.E., Suite 600, Washington, DC 20002-4240; phone: (202) 962-4600; fax: (202) 962-4601; www.icmarc.org
($ millions)
Total assets managed worldwide 13,896
Total worldwide institutional assets 13,896
Total U.S. tax-exempt assets 13,896
Total U.S. institutional tax-exempt 13,896
Internal U.S. institutional tax-exempt 3,128
Asset mix:
Fixed income 100%
Internal U.S. institutional tax-exempt assets in:
U.S. bond, active 3,128
Active domestic fixed-income strategies:
Stable value 3,128
Mutual fund assets:
Worldwide mutual fund assets 10,768
Defined contribution assets:
Total 13,831
Internally managed 3,128
No. of portfolio managers 5
Size of research staff 3
In addition to the assets listed above, the firm oversees $10.77 billion in U.S. institutional tax-exempt assets managed by external firms.
John S. Tobey is chief investment officer; Edward Lavelle is client contact.
The assets of subsidiary VantagePoint Investment Advisers LLC are included in the totals above.
Income Research & Management Inc.
1 Federal St., 23rd Floor, Boston, MA 02110; phone: (617) 542-7070; fax: (617) 542-7077
($ millions)
Total assets managed worldwide 3,620
Total worldwide institutional assets 3,620
Total U.S. tax-exempt assets 3,169
Total U.S. institutional tax-exempt 3,169
Internal U.S. institutional tax-exempt 3,169
Asset mix:
Fixed income 100%
Internal U.S. institutional tax-exempt assets in:
Convertibles 41
U.S. bond, active 2,921
Mortgages 207
Active domestic fixed-income strategies:
Core 3,169
No. of portfolio managers 5
Size of research staff 5
John Sommers is chief investment officer; William O'Malley is client contact.
Independence Capital Management Inc.
5 Radnor Corporate Center, Suite 450, Radnor, PA 19087; phone: (610) 975-4300; fax: (610) 975-0286
($ millions)
Total assets managed worldwide 2,001
Total worldwide institutional assets 1,981
Total U.S. tax-exempt assets 1,763
Total U.S. institutional tax-exempt 1,763
Internal U.S. institutional tax-exempt 451
Asset mix:
Equity 54%
Fixed income 25%
Cash 21%
Internal tax-exempt assets in:
U.S. equity, active 244
U.S. bond, active 113
Cash 94
Active domestic equity strategies:
Growth
Large cap 244
Active domestic fixed-income strategies:
Core 113
Mutual fund assets:
Worldwide mutual fund assets 1,971
No. of portfolio managers 8
Size of research staff 4
In addition to the assets listed above, the firm oversees $1.3 billion in U.S. institutional tax-exempt assets managed by external firms.
The parent is Penn Mutual Life Insurance Co.
Peter Sherman is chief investment officer; Barbara Wood is client contact.
Independence Investment Associates Inc.
53 State St., Boston, MA 02109; phone: (617) 228-8700; fax: (617) 228-8893;
www.independence.com
($ millions)
Total assets managed worldwide 24,864
Total worldwide institutional assets 24,840
Total U.S. tax-exempt assets 22,915
Total U.S. institutional tax-exempt 22,915
Internal U.S. institutional tax-exempt 22,915
Asset mix:
Equity 86%
Fixed income 14%
Internal U.S. institutional tax-exempt assets in:
Long-short (market neutral) 867
Asset allocation/balanced 2,355
U.S. equity, active 17,810
Foreign equity, active 1,779
REITs 85
U.S. bond, active 2,464
Foreign bond, active 293
Mortgage-backed securities 477
Cash 7
Active domestic equity strategies:
Growth
Large cap 1,870
Value
Large cap 648
Core
Large cap 9,470
Midcap 455
Small cap 86
Active international equity strategies:
Emerging markets mandate 76
Developed markets mandate 1,703
Active domestic fixed-income strategies:
Core 2,941
Overlay strategies:
Derivative strategies 1,689
Currency 188
Internally managed underlying assets 2,239
Mutual fund assets:
Worldwide mutual fund assets 1,483
No. of portfolio managers 18
Size of research staff 30
The parent is John Hancock Subsidiaries Inc.
Mark C. Lapman is chief investment officer; James L. Tovey is client contact.
ING - Aetna Financial Services
151 Farmington Ave., Hartford, CT 06156; phone: (860) 275-3720; fax: (860) 275-2040; www.aetna.com
($ millions)
Total assets managed worldwide 84,804
Total worldwide institutional assets 69,105
Total U.S. tax-exempt assets 78,491
Total U.S. institutional tax-exempt 67,592
Internal U.S. institutional tax-exempt 52,895
Asset mix:
Equity 39%
Fixed income 60%
Cash 1%
Internal U.S. institutional tax-exempt assets in:
Asset allocation/balanced 4,939
U.S. equity, active 13,158
U.S. equity, passive 528
U.S. equity, enhanced index 6,349
Foreign equity, active 661
U.S. bond, active 23,858
U.S. bond, passive 454
U.S. bond, enhanced index 6,823
Mortgage-backed securities 410
Cash 654
Active domestic equity strategies:
Growth
Large cap 4,672
Midcap 77
Small cap 1,582
Value
Large cap 498
Core
Large cap 6,329
Passive domestic equity strategies:
Core
Large cap 528
Active international equity strategies:
Developed markets mandate 661
Active domestic fixed-income strategies:
Core 22,443
Other 1,415
Mutual fund assets:
Worldwide mutual fund assets 5,782
Defined contribution assets:
Total 47,932
Internally managed 37,994
No. of portfolio managers 22
Size of research staff 25
In addition to the assets listed above, the firm oversees $14.7 billion in U.S. institutional tax-exempt assets managed by external firms.
The parent is ING Group NV.
Neal Kochen is chief investment officer; L. Charles "Duke" Meythaler is client contact.
The assets of subsidiary Aeltus Investment Management Inc. are included in the totals above. Aeltus manages $56 billion in total assets and $36.5 billion in U.S. institutional tax-exempt assets. Mr. Kochen is chief investment officer; Mr. Meythaler is client contact.
ING Lexington Management Co.
520 Madison Ave., 10th Floor, New York, NY 10022; phone: (212) 457-6731; fax: (212) 457-6673
($ millions)
Total assets managed worldwide 1,900
Total worldwide institutional assets 842
Total U.S. tax-exempt assets 1,273
Total U.S. institutional tax-exempt 842
Internal U.S. institutional tax-exempt 842
No. of portfolio managers 4
Size of research staff 4
The parent is ING Pilgrim.
Stan Vyner is chief investment officer; Thomas Queen is client contact.
Innovest Capital Management Inc.
320 Park Ave., 10th Floor, New York, NY 10022; phone: (212) 508-3327; fax: (212) 758-7725
($ millions)
Total assets managed worldwide 315
Total worldwide institutional assets 313
Total U.S. tax-exempt assets 313
Total U.S. institutional tax-exempt 313
Internal U.S. institutional tax-exempt 313
Asset mix:
Equity 100%
Internal U.S. institutional tax-exempt assets in:
Long-short (market neutral) 33
U.S. equity, active 34
U.S. equity, enhanced index 280
No. of portfolio managers 2
Size of research staff 1
The parent is IBJ Whitehall Bank & Trust.
Andre Bertolotti is chief investment officer; Paul LaBossiere is client contact.
Insight Capital Research & Management Inc.
2121 N. California Blvd., Suite 560, Walnut Creek, CA 94596; phone: (925) 948-2000; fax: (925) 946-2660; www.icrm.com
($ millions)
Total assets managed worldwide 2,771
Total worldwide institutional assets 258
Total U.S. tax-exempt assets 578
Total U.S. institutional tax-exempt 255
Internal U.S. institutional tax-exempt 255
Asset mix:
Equity 100%
Internal U.S. institutional tax-exempt assets in:
U.S. equity, active 255
Active domestic equity strategies:
Growth
Midcap 15
Small cap 215
Broad market 25
No. of portfolio managers 4
Size of research staff 3
Jim Collins is chief investment officer and client contact.
Insinger de Beaufort Asset Management Inc.
230 Park Ave., Suite 650, New York, NY 10169; phone: (917) 368-0449; fax: (917) 368-0064; www.insinger.com
($ millions)
Total assets managed worldwide 224
Total worldwide institutional assets 224
Total U.S. tax-exempt assets 58
Total U.S. institutional tax-exempt 58
Internal U.S. institutional tax-exempt 58
Asset mix:
Equity 100%
Internal U.S. institutional tax-exempt assets in:
Foreign equity, active 23
REITs 35
The parent is Insinger de Beaufort Holdings SA.
Kobus Human is chief investment officer; Paul Balk is client contact.
Institutional Capital Corp.
225 W. Wacker, Suite 2400, Chicago, IL 60606; phone: (312) 424-9100; fax: (312) 424-9187; www.icapfunds.com
($ millions)
Total assets managed worldwide 15,026
Total worldwide institutional assets 15,026
Total U.S. tax-exempt assets 12,651
Total U.S. institutional tax-exempt 12,651
Internal U.S. institutional tax-exempt 12,651
Asset mix:
Equity 96%
Fixed income 1%
Cash 3%
Internal U.S. institutional tax-exempt assets in:
U.S. equity, active 11,967
Foreign equity, active 165
U.S. bond, active 89
Cash 430
Active domestic equity strategies:
Value
Large cap 11,057
Active international equity strategies:
Developed markets mandate 165
Mutual fund assets:
Worldwide mutual fund assets 3,148
Defined contribution assets:
Total 1,326
Internally managed 1,326
No. of portfolio managers 6
Size of research staff 10
Robert H. Lyon is chief investment officer; Gary S. Maurer is client contact.
Intercontinental Real Estate Corp.
1270 Soldiers Field Road, Boston, MA 02135; phone: (617) 782-2600; fax: (617) 782-9442; www.intercontinental.net
($ millions)
Total assets managed worldwide 415
Total worldwide institutional assets 89
Total U.S. tax-exempt assets 59
Total U.S. institutional tax-exempt 59
Internal U.S. institutional tax-exempt 59
Asset mix:
Equity real estate 100%
Internal U.S. institutional tax-exempt assets in:
Equity real estate 59
No. of portfolio managers 2
Size of research staff 2
Intercontinental Real Estate Corp. invests through commingled funds with strategies including enhanced core and value added.
Paul Nasser is chief investment officer; Glenn Johnson is client contact.
Inverness Counsel Inc.
545 Madison Ave., New York, NY 10022; phone: (212) 980-5230; fax: (212) 688-2164
($ millions)
Total assets managed worldwide 2,626
Total worldwide institutional assets 824
Total U.S. tax-exempt assets 1,522
Total U.S. institutional tax-exempt 824
Internal U.S. institutional tax-exempt 824
Asset mix:
Equity 51%
Fixed income 49%
Internal U.S. institutional tax-exempt assets in:
Asset allocation/balanced 824
U.S. equity, active 341
U.S. equity, enhanced index 83
U.S. bond, active 400
Active domestic equity strategies:
Value
Large cap 300
Midcap 41
Active domestic fixed-income strategies:
Sector rotation 25
Stable value 25
Core 350
William DuBose is chief investment officer; John Manning is client contact.
INVESCO
1360 Peachtree St., Suite 100, Atlanta, GA 30309; phone: (404) 892-0896; fax: (404) 439-4910; www.amvescap.com
($ millions)
Total assets managed worldwide 206,697
Total worldwide institutional assets 116,176
Total U.S. tax-exempt assets 92,924
Total U.S. institutional tax-exempt 92,870
Internal U.S. institutional tax-exempt 92,870
Asset mix:
Equity 48%
Fixed income 40%
Equity real estate 6%
Cash 3%
Private capital 3%
Internal U.S. institutional tax-exempt assets in:
Long-short (market neutral) 845
Asset allocation/balanced 14,246
U.S. equity, active 32,463
U.S. equity, passive 1,873
U.S. equity, enhanced index 2,355
Foreign equity, active 6,213
Convertibles 1,141
REITs 465
U.S. bond, active 35,301
U.S. bond, passive 500
High-yield bonds 1,239
Equity real estate 5,981
Private equity, domestic 983
Private placements, domestic 1,567
Cash 2,789
Active domestic equity strategies:
Growth
Large cap 1,214
Midcap 53
Small cap 135
Value
Large cap 25,425
Midcap 100
Small cap 425
Core
Large cap 3,991
Midcap 309
Small cap 641
Broad market 170
Passive domestic equity strategies:
Value
Large cap 53
Core
Large cap 1,823
Active international equity strategies:
Developed markets mandate 6,243
Active domestic fixed-income strategies:
Stable value 25,645
Core 2,106
Other 7,550
Overlay strategies:
Derivative strategies 608
Internally managed underlying assets 608
Mutual fund assets:
Worldwide mutual fund assets 70,211
Defined contribution assets:
Total 44,525
Internally managed 44,525
No. of portfolio managers 310
Size of research staff 124
INVESCO uses a value-driven, research-based investment philosophy in its real estate investments.
The firm also invests in the private markets, backing industry-leading venture, buyout and other private equity funds as well as investing directly in private venture capital companies.
The parent is AMVESCAP PLC.
Sam DeKinder is client contact.
The assets of the following subsidiaries are included in the figures above:
* PRIMCO Capital Management
* INVESCO Realty Advisors
INVESCO Realty Advisors
1 Lincoln Center, 5400 LBJ Freeway, Suite 700, Dallas, TX 75240; phone: (972) 715-7400; fax: (972) 715-7474
See entry for INVESCO.
The Investment Counsel Co.
255 S. Orange Ave., Suite 900, Orlando, FL 32801; phone: (800) 848-4120; fax: (407) 244-3735; www.icounsel.com
($ millions)
Total assets managed worldwide 359
Total worldwide institutional assets 61
Total U.S. tax-exempt assets 130
Total U.S. institutional tax-exempt 50
Internal U.S. institutional tax-exempt 50
Asset mix:
Equity 80%
Fixed income 15%
Cash 5%
Internal U.S. institutional tax-exempt assets in:
Asset allocation/balanced 22
U.S. equity, active 31
Foreign equity, active 4
U.S. bond, active 15
Active domestic equity strategies:
Value
Large cap 31
Active international equity strategies:
Global mandate (international assets) 4
Active domestic fixed-income strategies:
Core 15
Defined contribution assets:
Total 50
Internally managed 50
No. of portfolio managers 4
Size of research staff 2
The parent is ICC Investment Advisors.
Fred Schockley is chief investment officer; Joseph Rumley is client contact.
Investment Counselors Inc.
1010 Market St., Suite 1540, St. Louis, MO 63101; phone: (314) 421-3080; fax: (314) 421-5287; www.investmentcounselors.com
($ millions)
Total assets managed worldwide 533
Total worldwide institutional assets 510
Total U.S. tax-exempt assets 515
Total U.S. institutional tax-exempt 509
Internal U.S. institutional tax-exempt 509
Asset mix:
Equity 77%
Fixed income 21%
Cash 2%
Internal U.S. institutional tax-exempt assets in:
Asset allocation/balanced 127
U.S. equity, active 392
U.S. bond, active 107
Cash 10
Active domestic equity strategies:
Growth
Large cap 250
Small cap 33
Broad market 109
Active domestic fixed-income strategies:
Sector rotation 107
No. of portfolio managers 3
Size of research staff 1
Gordon A. Johnson is chief investment officer; Janet Newcomb is client contact.
Investment Counselors of Maryland Inc.
803 Cathedral St., Baltimore, MD 21201; phone: (410) 539-3838; fax: (410) 625-9016; www.icomd.com
($ millions)
Total assets managed worldwide 1,596
Total worldwide institutional assets 1,276
Total U.S. tax-exempt assets 1,280
Total U.S. institutional tax-exempt 1,276
Internal U.S. institutional tax-exempt 1,276
Asset mix:
Equity 90%
Fixed income 2%
Cash 8%
Internal U.S. institutional tax-exempt assets in:
U.S. equity, active 1,076
Convertibles 2
REITs 75
U.S. bond, active 22
Cash 101
Active domestic equity strategies:
Value
Large cap 60
Small cap 1,014
Midcap 2
Active domestic fixed-income strategies:
Mutual fund assets:
Worldwide mutual fund assets 599
Defined contribution assets:
Total 10
Internally managed 10
The parent is Old Mutual PLC.
Robert McDorman is chief investment officer; Charles Peterson is client contact.
Invista Capital Management LLC
1900 Hub Tower, 699 Walnut, Des Moines, IA 50309; phone: (800) 247-5770; fax: (515) 248-2092; www.principalcapital.com
See entry for PRINCIPAL CAPITAL.
Iridian Asset Management LLC
276 Post Road W., Suite 100, Westport, CT 06880-4704; phone: (203) 341-7800; fax: (203) 341-7802
($ millions)
Total assets managed worldwide 10,331
Total worldwide institutional assets 10,331
Total U.S. tax-exempt assets 8,374
Total U.S. institutional tax-exempt 8,374
Internal U.S. institutional tax-exempt 8,374
Asset mix:
Equity 100%
Internal tax-exempt assets in:
U.S. equity, active 8,374
Active domestic equity strategies:
Value
Large cap 1,291
Midcap 7,083
Mutual fund assets:
Worldwide mutual fund assets 1,038
Defined contribution assets:
Total 329
Internally managed 329
No. of portfolio managers 2
Size of research staff 5
Alice B. Hicks is client contact.
