($ millions)
Total assets 7,659
Defined benefit 1,985
Defined contribution 5,674
* DEFINED BENEFIT PLAN:
Employer contributions 0
Benefit payments 101
Asset mix:
Domestic stocks 51%
Domestic fixed income 40%
Foreign stocks 9%
Internally managed assets 147
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 5,674
Total contributions 262
Asset mix:
Sponsoring company stock 86%
Other stock 8%
Stable value 6%
ABBOTT PARK, Ill. - As of Sept. 30, Abbott Laboratories' total employee benefit assets decreased 7% from a year earlier. Defined benefit assets decreased 26% during the same period; defined contribution assets increased 2%.
Employer contributions to the defined benefit plan remained at zero; benefits paid increased 16%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Jennison; AXA Rosenberg; Ariel; Kenwood; RhumbLine.
International equities: Capital Guardian.
Domestic fixed income: Goldman Sachs; Putnam.
DEFINED CONTRIBUTION MANAGER: Putnam.
Key personnel overseeing the investment management of both plans are William H.S. Preece Jr., director-retirement funds, and Pam Hollis, manager-retirement funds.
Aetna Inc.
($ millions)
Total assets* 6,240
Defined benefit 3,710
Total defined contribution 2,530
*From Money Market Directory
* DEFINED BENEFIT PLAN:
Asset mix:
Domestic stocks 53.1%
Domestic fixed income 24.5%
Foreign stocks 13.3%
Cash equivalents 0.9%
Real estate equity 8.2%
* DEFINED CONTRIBUTION PLAN:
Asset mix:
Sponsoring company stock 5%
Other stock 44%
Fixed income 1%
Stable value 50%
HARTFORD, Conn.- As of June 30, the employee benefit assets of Aetna Inc. totaled $6.24 billion as of June 30,2001, according to data from The Money Market Directory.
During the past year, ING Group acquired Aetna's financial services units.
Key personnel overseeing the investment management of the plans are Russell Smith, director-pension investments; Elease E. Wright, head of human resources; and James H. Gould, head of compensation and benefits.
Retirement Systems of Alabama
($ millions)
Total assets 27,295
Defined benefit 26,566
Defined contribution 729
* DEFINED BENEFIT PLAN:
Employer contributions 337
Benefit payments 1,260
Asset mix:
Domestic stocks 29.6%
Domestic fixed income 18.5%
Foreign stocks 7.0%
Foreign fixed income 0.4%
Cash equivalents 14.8%
Private equity 23.1%
Real estate equity 4.3%
Mortgages 2.3%
Internally managed assets 26,566
* DEFINED CONTRIBUTION PLAN:
Assets in:
457 653
Other DC 76
Internally managed assets 729
Total contributions 43
Asset mix:
Stock 6.4%
Fixed income 81.3%
Cash equivalents 12.3%
MONTGOMERY, Ala. - As of Sept. 30, the Retirement Systems of Alabama's total employee benefit assets increased 4% from a year earlier. Defined benefit assets increased 4% during the same period; defined contribution assets increased 13.5%.
Employer contributions to the defined benefit plan decreased 12.5%; benefits paid increased 17.5%.
During the past year, the fund raised its real estate allocation to 5% of total assets from 3% to help it finance two local construction projects and an expansion of its 55 Water St. property in New York's financial district. It will spend $450 million to $500 million to add 325,000 square feet to the office tower, where the Alabama pension fund's real estate office is located. David Bronner, chief executive officer, said, "We expect to get an 11% return net of inflation on the Water Street expansion."
As a result of the building boom, the total equity allocation was trimmed to 42% from 55%, with the proceeds going into cash and fixed income. In the last couple of months, as markets have recovered, the system upped its equity allocation to 45%, but it has stayed away from tech stocks. "We've been buying old blue chips mainly, but not technology. That's still a little rough," Mr. Bronner said. The international equity allocation has remained at 8.5% to 9% of the total equity allocation. The current asset allocation is 45% equities; 45%; fixed income, 5% real estate, 5% cash.
The system also is set to invest $25 million to build a 130-room hotel and conference center at the Grand National Course on the Robert Trent Jones Golf Trail in Opelika, Ala., which the system owns.
The system also added to equities, putting around $100 million into internally managed active equity funds benchmarked to the S&P 500 and S&P 400 indexes, said Darren Schulz, chief investment officer. "We cherry-picked names and added to companies in the financial services sector, as well as oversold names in the casualty and property insurance business." Funding came from cash.
Key personnel overseeing the investment management of both plans are Messrs. Bronner and Schulz.
Alaska State Pension Investment Board
($ millions)
Total assets 13,236
Defined benefit 11,184
Defined contribution 2,052
* DEFINED BENEFIT PLAN:
Employer contributions 162
Benefit payments 652
Asset mix:
Domestic stocks 36.9%
Domestic fixed income 33.2%
Foreign stocks 15.9%
Foreign fixed income 3%
Private equity 2.8%
Real estate equity 8.2%
Internally managed assets 3,553
* DEFINED CONTRIBUTION PLAN:
Assets in:
457 373
401(a) 1,679
JUNEAU, Alaska - As of Sept. 30, the Alaska State Pension Investment Board's total employee benefit assets decreased 13.6% from a year earlier. Defined benefit assets decreased 14.6% during the same period; defined contribution assets decreased 7.6%.
Employer contributions to the defined benefit plan decreased 12.1%; benefits paid increased 14.2%.
During the past year, the fund adopted a new asset allocation plan that reduced the number of manager relationships, boosted use of passive and enhanced index products for U.S. large-cap stocks, and replaced three regional mandates with a broad developed markets mandate.
As part of the allocation, the fund terminated a $480 million large-cap value portfolio managed by INVESCO; shifted $300 million to an enhanced index portfolio run by INVESCO; added about $100 million to an S&P 500 index fund run by SSgA; halved a $550 million international bond portfolio run by Delaware; moved $370 million to a domestic bond portfolio; initiated a regular rebalancing program; and shut down regional international equity mandates run by INVESCO, Wellington and Citibank. and shifted the combined $460 million in assets to Capital Guardian for a broad international mandate.
In addition, the fund picked Brandes and T. Rowe Price to manage a new international equity and small-cap equity investment options added to its defined contribution plans.
DEFINED BENEFIT MANAGERS:
Domestic equities: Tukman; Capital Guardian; Lazard; McKinley; Dresdner RCM; INVESCO; SSgA; John McStay.
International equities: Bank of Ireland; Brandes; Lazard; Capital Guardian; J.P. Morgan Fleming.
Domestic fixed income: BlackRock.
International fixed income: Delaware.
Real estate: UBS; Heitman; J.P. Morgan Fleming; Sentinel; INVESCO; Lowe; PMRealty.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: BGI; Capital Guardian; Citizens; SSgA; T. Rowe Price.
International equities: BGI; Capital Guardian; T. Rowe Price.
Cash: Capital Guardian; BGI.
Stable value: T. Rowe Price.
International and domestic fixed income: Citizens; SSgA; Capital Guardian; T. Rowe Price; BGI.
Callan Associates is the investment consultant for plans.
John R. Jenks, chief investment officer, and Lee Livermore, senior investment officer, oversee both plans.
Albertson's Inc.
($ millions)
Total assets* 5,275
Defined benefit 484
Defined contribution 4,791
*From Money Market Directory
* DEFINED BENEFIT PLAN:
Asset mix:
Sponsoring company stock 10.0%
Other domestic stocks 50.6%
Domestic fixed income 22.2%
Foreign stocks 16.2%
Real estate equity 1.0%
* DEFINED CONTRIBUTION PLAN:
Asset mix:
Sponsoring company stock 3.5%
Other stock 32.7%
Fixed income 19.0%
Stable value 0.5%
Other 44.3%
BOISE, Idaho - Albertson's Inc.'s total employee benefit assets were $5.275 billion, according to data from the Money Market Directory; the defined benefit plan had $484 million in assets as of July 31, and the defined contribution had $4.791 billion as of June 30.
Key personnel at the fund are Duane Whitney, director-retirement programs; Steven D. Young, executive vice president-human resources and trust chairman; and Jack Snow, vice president-human resources and employee benefits.
Alcoa Inc.
($ millions)
Total assets 11,506
Defined benefit 7,606
Defined contribution 3,900
* DEFINED BENEFIT PLAN:
Assets in all hybrid plans 100
Assets in cash balance plans 100
Employer contributions 8
Benefit payments 402
Asset mix:
Domestic stocks 39.9%
Domestic fixed income 45.1%
Foreign stocks 3.1%
Cash equivalents 2.6%
Private equity 4.2%
Real estate equity 5.1%
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 3,900
Asset mix:
Sponsoring company stock 31%
Other stock 37%
Fixed income 1%
Stable value 30%
Cash equivalents 1%
PITTSBURGH - As of Sept. 30, Alcoa Inc.'s total employee benefit assets decreased 14% from a year earlier. Defined benefit assets decreased 18% during the same period; defined contribution assets decreased 3%.
Employer contributions to the defined benefit plan decreased 80%; benefits paid decreased 21%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Capital Guardian; Dodge & Cox; Fidelity; ICM; TCW; Jennison; J.&W. Seligman; Mellon Bond; Mellon Capital; Brinson Partners.
International equities: Mercator; Capital Guardian; American Express; Marathon; Paribas.
Domestic fixed-income: Lincoln Capital; Mellon Bond; Prudential Asset.
Real estate: AEW; Blackstone; Coldwell Banker; DRA; Lend Lease Real Estate; JMB; Lazard Freres Real Estate; RREEF; UBS Asset
Timber: UBS Asset; Hancock Timber Resources; Prudential Timber; Wachovia.
Venture capital: Adval International; Blue Point Capital; Capital Guardian; Charles River Ventures; Concord Partners; First Analysis; Arlington Capital Investors; WestAM; HarbourVest; Ticonderoga Capital; Sequoia Capital.
Private equity: CIE Management; Blackstone Capital; Brinson Partners; Hellman & Friedman Capital; Huff Asset; Kohlberg Kravis Roberts; Madison Group; Saratoga Partners; Thayer Capital Partners; Warburg Pincus.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: American Funds; American-AMCAP; Putnam; Vanguard.
International equities: Morgan Stanley.
Domestic fixed-income: Vanguard; Schwab.
The investment consultants are Frank Russell Co. and Courtland Partners for the defined benefit plan.
Key personnel overseeing the investment management of both plans are Robert G. Wennemer, vice president, pension fund investment and analysis; Vernon Gollihugh, director, trust investments; Ariel Kuperminc, manager, pension investment and analysis.
Allstate Insurance Co.
($ millions)
Total assets* 5,925
Defined benefit 3,102
Defined contribution 2,823
*P&I estimate
NORTHBROOK, Ill. - As of Sept. 30, Allstate Insurance Co.'s total employee benefit assets decreased an estimated 15% from a year earlier. Defined benefit assets decreased an estimated 7% during the same period; defined contribution assets decreased an estimated 22%. Estimates were based on the company's annual report and its assets as of Sept. 30, 2000, as reported to P&I.
American Airlines Inc.
($ millions)
Total assets 11,314
Defined benefit 5,353
Defined contribution 5,961
* DEFINED BENEFIT PLAN:
Employer contributions 163
Benefit payments 360
Asset mix:
Domestic stocks 27%
Domestic fixed income 47%
Foreign stocks 18%
Foreign fixed income 2%
Private equity 6%
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 5,961
Internally managed assets 921
Total contributions 328
Asset mix:
Sponsoring company stock 0.1%
Other stock 78.9%
Fixed income 5.3%
Stable value 12.7%
Other 3.0%
FORT WORTH, Texas - As of Sept. 30, American Airlines Inc.'s total employee benefit assets decreased 0.4% from a year earlier. Defined benefit assets decreased 2.3% during the same period; defined contribution assets decreased 5%.
Employer contributions to the defined benefit plan increased 75%; benefits paid decreased 5.5%.
During the past year American's parent, AMR Corp., acquired Trans World Airlines Inc., St. Louis. TWA's defined benefit plans were terminated before the acquisition. Of TWA's 401(k) plan assets, about $90 million had been rolled over into the American Airlines' 401(k) as of Sept. 30. The former TWA Pilots Directed Account Plan remained separate and is now sponsored by the TWA Credit Union.
Also during the year, the defined benefit plan committed $50 million to Carlyle Partners III, Carlyle's latest U.S. buyout fund. It also committed $40 million to $50 million each to Hicks Muse Tate & Furst V and Fremont Partners II. The fund raised its target private equity allocation to 10% of total assets from 6%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Barrow Hanley; Brandywine; Independence; Dremen; Hotchkis & Wiley; Southeastern; Metropolitan West.
International equities: Causeway; Independence; Lazard; Morgan Grenfell; T. Rowe Price; Templeton; J.P. Morgan Fleming; Morgan Stanley; Invista; Boston Co.
Domestic fixed income: Barrow Hanley; NISA; J.P. Morgan Fleming.
International fixed income: J.P. Morgan Fleming; Salomon Brothers.
Limited partnerships: Hicks Muse; Natural Gas Partners; Castle Harlan; Evercore; Goldman Sachs; Credit Suisse; Oak Hill; Carlyle; Whitehall; Fremont; Morgan Stanley; Equus; South Street; Triad Ventures; General Electric.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Fidelity; Janus; Dodge & Cox; T. Rowe Price; Dreyfus; Berger; CitiStreet; Barrow Hanley; Brandywine; Dreman; Strong; Calamos; SSgA.
International equities: Fidelity; Dreyfus; Causeway; Independence; Lazard; Morgan Stanley; T. Rowe Price; Templeton; Boston Co.; Morgan Stanley.
Domestic fixed income: Fidelity.
Currency overlay: J.P. Morgan Fleming; Bank of New York; Bridgewater.
Cash: Payden & Rygel.
Key personnel overseeing the investment management of the defined benefit plan are Nancy Eckl, vice president, and Adriana Posada, manager of trust investments. Overseeing the defined contribution plan are Ms. Eckl; Cynthia Thatcher, manager of trust investments; and Ms. Posada.
American Electric Power Co.
($ millions)
Total assets 5,624
Defined benefit 3,274
Defined contribution 2,350
* DEFINED BENEFIT PLAN:
Assets in all hybrid plans 3,274
Assets in cash balance plans 3,274
Employer contributions 0
Benefit payments 205
Asset mix:
Domestic stocks 57%
Domestic fixed income 27%
Foreign stocks 12%
Cash equivalents 1%
Private equity 2%
Real estate equity 1%
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 2,350
Total contributions 119
Asset mix:
Sponsoring company stock 29%
Other stock 34%
Fixed income 3%
Stable value 34%
COLUMBUS, Ohio - As of Sept. 30, American Electric Power Co.'s total employee benefit assets decreased 15% from a year earlier. Defined benefit assets decreased 17% during the same period; defined contribution assets decreased 12%.
Employer contributions to the plan remained at zero; benefits paid increased 21%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Barrow Hanley; Mellon Capital; McKinley; Davis; Nicholas-Applegate; R.E. Torray; Wellington; Bank of New York; John McStay; Wedge Capital.
International equities: Axe-Houghton; Oechsle; T. Rowe Price; Templeton.
Domestic fixed-income: Banc One; Loomis Sayles; Smith Graham; Wellington.
REITs: CRA
Real estate: Sarofim Realty.
Venture capital: CID; Energy Investors; HarbourVest.
Money market: Bank of New York.
DEFINED CONTRIBUTION MANAGER: Fidelity.
LCG Associates is the investment consultant for both plans.
Key personnel overseeing the investment management of both plans are J. Steven Kiser, director, trusts and investments; and Jim B. Brown Jr., senior investment analyst.
AOL Time Warner Inc.
($ millions)
Total assets 6,400
Defined benefit 1,150
Defined contribution 5,250
* DEFINED BENEFIT PLAN:
Employer contributions 10
Benefit payments 65
Asset mix:
Sponsoring company stock 13%
Other domestic stocks 55%
Domestic fixed income 21%
Foreign stocks 11%
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 5,250
Total contributions 290
Asset mix:
Sponsoring company stock 49%
Other stock 36%
Fixed income 6%
Stable value 6%
Cash equivalents 3%
NEW YORK - As of Sept. 30, AOL Time Warner Inc.'s total employee benefit assets decreased 16% from a year earlier. Defined benefit assets decreased 32% during the same period; defined contribution assets decreased 12%.
Employer contributions to the defined benefit plan remained at $10 million; benefits paid increased 25%.
The merger between Time Warner Inc. and America Online Inc. was completed in January 2001. In November 2000, Time Warner agreed to pay $5.5 million to hundreds of employees not covered by the company's defined benefit plan and health plan as part of a settlement with the Labor Department, which had filed suit against the firm in October 1998 for misclassifying workers as independent contractors or temporary employees and denying them coverage.
DEFINED BENEFIT MANAGERS:
Domestic equities: Fayez Sarofim; GAMCO; Legg Mason; Harris Associates; Ark; David L. Babson; Ariel.
International equities: Capital Guardian.
Domestic fixed income: Western Asset; Fayez Sarofim; J.P. Morgan Fleming; Utendahl.
Other: Questar.
DEFINED CONTRIBUTION MANAGER: Fidelity.
The investment consultant for both plans is DeMarche Associates.
Key personnel overseeing the investment management of both plans are Wayne H. Pace, executive vice president and chief financial officer; Frederick C. Yeager, senior vice president, finance; and Leonard Lovallo, director, corporate funds.
Arizona Public Safety Personnel Retirement System
($ millions)
Total assets 4,744
Defined benefit 4,744
* DEFINED BENEFIT PLAN:
Employer contributions 72
Benefit payments 195
Asset mix:
Domestic stocks 66%
Domestic fixed income 25%
Cash equivalents 5%
Equity real estate 4%
Internally managed assets 4,744
PHOENIX, Ariz. - As of Sept. 30, Arizona Public Safety Personnel Retirement System's total employee benefit assets, all defined benefit, decreased 27% from a year earlier.
Employer contributions to the defined benefit plan increased 6%; benefits paid increased 3%.
Key personnel overseeing the investment management of the plan are Jack Cross, administrator/chief investment officer; James Nielsen, assistant administrator; and Jared Smout, investment analyst.
Arizona State Retirement System
($ millions)
Total assets 19,641
Defined benefit 19,052
Defined contribution 589
* DEFINED BENEFIT PLAN:
Employer contributions 163
Benefit payments 1,001
Asset mix:
Domestic stocks 53.0%
Domestic fixed income 28.7%
Foreign stocks 15.1%
Cash equivalents 2.0%
Real estate equity 0.2%
Mortgages 1.0%
Internally managed assets 6,738
* DEFINED CONTRIBUTION PLAN:
Assets 589
PHOENIX, Ariz. - As of Sept. 30, the Arizona State Retirement System's total employee benefit assets decreased 17% from a year earlier. Defined benefit assets decreased 17% during the same period; defined contribution assets decreased 14%.
Employer contributions to the defined benefit plan increased 29%; benefits paid increased 56%.
During the past year, the fund selected Secured Capital Corp. to act as adviser for the sale of the fund's commercial whole loan portfolio. The portfolio was located exclusively in Arizona and had a principal balance of $190 million. The fund dropped commercial loans as an asset class. The portfolio, which was run by Banc One, was not geographically diverse and was less liquid than the system's board would have liked. The board also extended the existing contracts of the following investment managers: Mellon Equity, midcap active equities and large-cap active equities; SSgA, passive midcap equities; BGI, tactical asset allocation portfolio and large-cap passive equities; and J.P. Morgan Fleming, large-cap active equity.
The Legislature passed a bill allowing the fund to establish a 401(a) defined contribution supplementary program.
Also, Gov. Jane Hull vetoed a bill that would have changed the fund's actuarial computation method because it would have cost the state $126.8 million between fiscal years 2004 and 2013.
MANAGERS:
Domestic equities: CB Richard Ellis; J.P. Morgan Fleming; Mellon Equity; BGI; SSgA; Axe-Houghton; Brandywine; DFA; Mellon Capital.
International equities: Bank of Ireland; Brandes; Capital Guardian; Axe-Houghton; BGI.
Domestic fixed-income: Bank One Mortgages; BlackRock; J.P. Morgan Fleming; WAMCO; BGI.
William Mercer is the investment consultant for the defined benefit plan.
Key personnel overseeing the investment management of both plans are LeRoy Gilbertson, director; Paul Matson, chief investment officer; and Anthony Guarino, deputy director.
Arkansas Teacher Retirement System
($ millions)
Total assets 6,925
Defined benefit 6,925
* DEFINED BENEFIT PLAN:
Employer contributions 250
Benefit payments 323
Asset mix:
Domestic stocks 39%
Domestic fixed income 31%
Foreign stocks 12%
Cash equivalents 1%
Private equity 6%
Real estate equity 4%
Mortgages 3%
Other 4%
Internally managed assets 482
LITTLE ROCK, Ark. - As of Sept. 30, the Arkansas Teacher Retirement System's total employee benefit assets, all defined benefit, decreased 12% from a year earlier.
Employer contributions to the defined benefit plan increased 14%; benefits paid increased 14%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Alliance Capital; Munder Capital; Oppenheimer; INVESCO; ICC; Eubel, Brady & Suttman; Rothschild; Aeltus; Daruma; Phoenix; TCW; Kennedy Capital.
International equities: Brinson; Zurich Scudder; John Govette.
Domestic fixed-income: Regions Capital; Loomis Sayles; Vanderbilt; Hyperion; Nicholas Applegate.
Other: Blackstone; DLJ; Credit Suisse; Wachovia; Hicks Muse; 21st Century; Cypress; Doughty Hanson; Olympus; Westbrook; Oakhill; Cinvin; Diamond State Ventures.
The investment consultant is Ennis Knupp.
Key personnel overseeing the investment management of the plan are Bill A. Shirron, executive director; George Snyder, chief fiscal officer; and G. Wayne Greathouse, associate director.
AT&T Corp.
($ millions)
Total assets 27,601
Defined benefit 17,704
Defined contribution 9,897
* DEFINED BENEFIT PLAN:
Assets in all hybrid plans 17,704
Assets in cash balance plans 17,704
Employer contributions 0
Benefit payments 1,193
Asset mix:
Domestic stocks 36%
Domestic fixed income 22%
Foreign stocks 19%
Private equity 12%
Real estate equity 10%
Natural resources 1%
Internally managed assets 226
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 9,897
Total contributions 595
Asset mix:
Sponsoring company stock 23%
Other stock 46%
Fixed income 5%
Stable value 24%
Other 2%
BASKING RIDGE, N.J. - As of Sept. 30, AT&T Corp.'s total employee benefit assets decreased 19% from a year earlier. Defined benefit assets decreased 23% during the same period; defined contribution assets decreased 11%.
Employer contributions to the defined benefit plan remained at zero; benefits paid decreased 56%.
During the past year, the fund saw its earnings pinched by a declining pension credit. In the third quarter, earnings fell $41 million to register a loss of $43 million, according to the company's financial statement. AT&T also lost one of its most innovative former leaders. John W. English, former director of investment management at the fund, died in March. While at AT&T, Mr. English oversaw the merging of the 33 separate Bell System pension funds into one fund. The fund's 401(k) participants saw their portfolios take a hit thanks to the 34% drop in the value of corporate stock in 2001. AT&T Corp. shares hit a high of $25.81 on Jan. 19. By Dec. 11 they were trading at $16.65, up $1.90 from their Nov. 2 low of $14.75.
Also, Amalgamated Bank's $5 billion LongView Collective Investment Funds dropped its lawsuit against AT&T over its charter amendment proposal to break up the company, in exchange for a structured dialogue with the funds and other shareholders. The AFL-CIO and its $200 million pension fund, as well as the $350 million Communications Workers of America pension fund, also dropped their suit.
DEFINED BENEFIT MANAGERS:
AEW Capital Management; AEW International; AgriVest; Alliance; Apollo Capital; Ariel; Axe-Houghton; Batterymarch; Beacon Capital; Beckwith Capital; Capital Guardian; CB Richard Ellis; Colony; Columbus Circle; Denver Investment Advisors; Deutsche Asset; Dimensional; Dresdner RCM; Equinox; First Reserve; Franklin Portfolio Associates; Fremont Strategic Property; SSR Realty; Goldman Sachs; HarbourVest; Heitman; J.P. Morgan Fleming; Jennison; John Hancock Life; Kennedy Capital; Lazard Freres Asset; Lincoln; Mellon Bond; Morgan Stanley; PIMCO; Peabody Global Real Estate; Prudential; Putnam; RREEF; Alliance Bernstein; Sentinel Real Estate; Simon Property Group; Soros Real Estate Investors; Standish Mellon; State Street Bank; SSgA; State Street Research; UBS Brinson; Warburg Pincus; Wellington; Westbrook Partners; Western Asset.
DEFINED CONTRIBUTION MANAGERS:
BGI; BlackRock; BBH; Capital Guardian; Deutsche Asset; Dodge & Cox; Dresdner RCM; Dreyfus; Fidelity; Janus; LM Institutional Advisors; Miller Anderson; PIMCO; Standish Mellon; SSgA; T. Rowe Price; Vanguard; Western Asset.
The investment consultant for both plans is Russell/Mellon.
The key person overseeing the investment management of both plans is Robert Angelica, chairman and CEO, AT&T Investment Management Co.
