April 04, 2005 01:00 AM

Top 50 pension investors in alternatives

Big into alternatives

Top 50 pension investors in alternatives ranked by total invested, in millions, as of Sept. 30.

RANK	FUND	TOTAL ALTERNATIVE ASSETS	% OF TOTAL ASSETS	HEDGE FUNDS/ FUNDS OF FUNDS	EQUITY REAL ESTATE	VENTURE CAPITAL	PRIVATE EQUITY
1	California Public Employees	$20,743	12.40%	$834	$11,900	$1,689	$6,320
2	California State Teachers	$10,775	9.20%		$5,375	$1,305	$4,095
3	New York State Common	$9,677	8.20%		$3,186	$773	$5,718
4	General Motors	$9,392	10.80%	$1,677	$4,940	$910	$1,865
5	Washington State Board	$9,337	22.60%		$3,890	$876	$4,571
6	Pa. State Employees	$9,067	36.40%	$4,800	$1,699	$747	$1,821
7	Michigan Retirement	$8,432	17.90%	$359	$3,260	$1,000	$3,813
8	Florida State Board	$7,438	7.30%		$4,005	$73	$3,360
9	General Electric	$7,045	16.00%	$1,453	$2,885		$2,707
10	Verizon	$6,256	17.50%	$1,343	$1,380	$1,026	$2,507
11	Pa. School Employees	$6,022	12.60%		$2,584	$370	$3,068
12	New York State Teachers	$5,927	7.40%		$4,351	$194	$1,382
13	Ohio State Teachers	$5,443	10.00%	$23	$4,239	$395	$786
14	Oregon Public Employees	$5,391	11.90%		$1,890	$250	$3,251
15	Massachusetts PRIM	$4,561	13.80%	$1,311	$1,326	$524	$1,400
16	Colorado Public Employees	$4,533	15.40%		$1,743	$694	$2,096
17	IBM	$4,464	10.80%		$1,341	$66	$3,057
18	Los Angeles Co. Employees	$4,408	15.10%		$2,959	$210	$1,239
19	Virginia Retirement	$4,348	10.90%	$1,094	$1,535	$355	$1,364
20	Lucent Technologies	$3,974	12.70%		$1,798	$1,007	$1,169
21	Wisconsin Investment Board	$3,551	5.50%		$1,855	$156	$1,540
22	Illinois Teachers	$3,430	11.00%		$2,594	$230	$606
23	AT&T	$3,132	17.90%		$1,596	$311	$1,225
24	Ohio Public Employees	$3,017	5.00%		$2,689	$46	$282
25	Boeing	$2,827	7.30%	$823	$1,080	$89	$835
26	BellSouth	$2,795	19.10%		$905	$537	$1,353
27	Minnesota State Board	$2,736	7.30%		$798		$1,938
28	Louisiana Teachers	$2,644	22.00%		$464	$40	$2,140
29	Alabama Retirement	$2,636	10.70%		$1,575		$1,061
30	Texas Teachers	$2,552	3.00%	$1,151	$345	$160	$896
31	SBC Communications	$2,518	9.00%	$720	$541	$762	$495
32	New York City Retirement	$2,086	2.50%		$1,148		$938
33	San Francisco City & County	$2,041	17.10%		$959	$318	$764
34	DuPont	$1,943	13.00%		$577	$20	$1,346
35	Connecticut Retirement	$1,936	9.70%		$350	$114	$1,472
36	Iowa Public Employees	$1,894	10.90%		$901	$218	$775
37	World Bank	$1,752	16.60%	$802	$350	$38	$562
38	DaimlerChrysler	$1,737	9.10%		$808	$85	$844
39	Alaska Investment Board	$1,700	14.10%	$300	$977		$423
40	Delta Air Lines	$1,492	7.80%	$200	$504		$788
41	Teamsters, Western Conference	$1,230	4.60%		$1,230
42	Episcopal Church	$1,186	17.20%	$413	$429	$222	$122
43	National Electric	$1,080	11.40%		$997		$83
44	Missouri State Employees	$1,057	17.80%	$866	$100		$91
45	Utah State Retirement	$1,025	6.90%		$1,025
46	Illinois State Board	$971	9.70%		$599	$112	$260
47	Maryland State Retirement	$935	3.10%		$823	$40	$72
48	Nevada Public Employees	$930	5.80%		$930
49	United Parcel Service	$897	8.60%	$164	$453	$77	$203
50	Kansas Public Employees	$865	8.30%		$398	$96	$371
	TOTAL	$55,044	11.80%	$4,616	$94,286	$16,135	$77,074