Standish, Ayer & Wood Inc.
1 Financial Center, Boston, MA 02111; phone: (617) 350-6100; fax: (617) 350-0038
(U.S. $ millions)
Total assets 46,852
Total U.S. institutional tax-exempt 32,273
U.S. institutional tax-exempt int'l/global 3,209
Internal international/global 3,209
Internal international 1,435
Active equity accounts 46
Active bond accounts 1,389
International asset mix:
Equity 3%
Bonds 97%
Internal global 1,774
Active equity accounts 96
Active bond accounts 1,125
Emerging markets debt 553
Global asset mix:
Equity 5%
Bonds 95%
Overlay strategies:
Currency 3,000
Internally managed underlying assets 3,000
Non-U.S. pension assets 68
Internally managed 68
International equity: Committed most heavily to the U.K., Japan, Germany, France and Switzerland.
Global equity: Committed most heavily to the U.S., the U.K., Germany, Japan and Switzerland.
Analysts/portfolio managers: Stationed in Boston.
Year registered with SEC: 1940.
The statistics shown above include data from Standish International Management Co.
George W. Noyes is chief investment officer; Karen K. Chandor is client contact.
2 International Place, Boston, MA 02110; phone: (617) 664-4738; fax: (617) 664-2950; www.ssga.ssb.com
(U.S. $ millions)
Total assets 533,522
Total U.S. institutional tax-exempt 419,890
U.S. institutional tax-exempt int'l/global 68,868
Internal international/global 68,501
Internal international 62,140
Active equity accounts 5,433
Indexed equity accounts 54,823
Emerging markets equity 1,641
Balanced 65
Active bond accounts 46
Cash 132
International asset mix:
Equity 99.7%
Bonds 0.1%
Cash 0.2%
Internal global 6,361
Active equity accounts 699
Balanced 5,601
Cash 61
Global asset mix:
Equity 60%
Bonds 38%
Cash 2%
Overlay strategies:
Stock index futures 2,141
Fixed-income futures 579
Managed futures 53
Currency 11,369
Swaps 159
Equitized long-short 46
Internally managed underlying assets 8,074
Non-U.S. pension assets 64,158
Internally managed 64,158
In addition to the assets listed above, State Street Global Advisors oversees $367 million in U.S. institutional tax-exempt assets managed by external firms, all in international accounts.
International equity: Committed most heavily to Japan, the U.K., Germany, France and Switzerland.
Global equity: Committed most heavily to the U.S., Japan, the U.K., Germany and France.
Analysts/portfolio managers: Stationed in Boston, Hong Kong, London, Montreal, Paris, Sydney, Tokyo and Munich.
Parent company: State Street Corp.
Alan Brown is chief investment officer; John Grady is client contact.
Strategic Fixed Income LLC
1001 19th St. N., Suite 1720, Arlington, VA 22209; phone: (703) 812- 8300; fax: (703) 812-8080; www.strategicllc.com
(U.S. $ millions)
Total assets 3,928
Total U.S. institutional tax-exempt 2,763
U.S. institutional tax-exempt int'l/global 2,614
Internal international/global 2,614
Internal international 141
Active bond accounts 141
International asset mix:
Bonds 100%
Internal global 2,474
Active bond accounts 2,474
Global asset mix:
Bonds 100%
Non-U.S. pension assets 369
Internally managed 369
Year registered with SEC: 1991.
Analysts/portfolio managers: Stationed in Arlington.
Kenneth Windheim is chief investment officer; Lori Facen is client contact.
Templeton Worldwide Inc.
500 E. Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394; phone: (800) 368-3677; fax: (954) 527- 2137
(U.S. $ millions)
Total assets 89,721
Total U.S. institutional tax-exempt 14,681
U.S. institutional tax-exempt int'l/global 14,377
Internal international/global 14,377
Internal international 12,838
Internal global 1,539
Non-U.S. pension assets 4,702
Internally managed 4,702
Analysts/portfolio managers: Stationed in Fort Lauderdale, Buenos Aires, Edinburgh, Hong Kong, Istanbul, Johannesburg, Moscow, Mumbai, Nassau, Rio de Janiero, Shanghai, Singapore, Toronto and Warsaw.
Year registered with SEC: 1979.
Parent company: Franklin Resources Inc.
The statistics shown above include data from Templeton Investment Counsel Inc., Templeton Asset Management Ltd. and Templeton Global Advisors Ltd.
Mark G. Holowesko is chief investment officer; Denman Zirkle is client contact.
TIAA-CREF
730 Third Ave., New York, NY 10017; phone: (212) 490-9000; www.tiaa-cref.org
(U.S. $ millions)
Total assets 255,000
Total U.S. institutional tax-exempt 250,000
U.S. institutional tax-exempt int'l/global 6,200
Internal international/global 6,200
Internal global 6,200
Global equity: Committed most heavily to the U.S., the U.K., Japan, the Netherlands and Germany.
Analysts/portfolio managers: Stationed in New York.
Year registered with SEC: 1988.
Martin L. Leibowitz is chief investment officer; David Shunk is client contact.
TT International Investment Management
Martin House, 5 Martin Lane, London EC4R 0DP England; phone: (44- 171) 410-3500; fax: (44-171) 410- 3509
(U.S. $ millions)
Total assets 3,861
Total U.S. institutional tax-exempt 2,503
U.S. institutional tax-exempt int'l/global 2,503
Internal international/global 2,503
Internal international 2,503
Active equity accounts 2,503
International asset mix:
Equity 98.7%
Cash 1.3%
Non-U.S. pension assets 917
Internally managed 917
International equity: Committed most heavily to Japan, France, Italy, the U.K. and Finland.
Analysts/portfolio managers: Stationed in London.
Year registered with SEC: 1993.
James Tonner is chief investment officer; David Ballon is client contact.
UBS Brinson/Brinson Partners
209 S. LaSalle St., Chicago, IL 60604; phone: (312) 220-7100; fax: (312) 220-7199;
www.ubsbrinson.com
(U.S. $ millions)
Total assets 285,300
Total U.S. institutional tax-exempt 80,131
U.S. institutional tax-exempt int'l/global 29,226
Internal international/global 29,226
Internal international 18,232
Active equity accounts 14,423
Emerging markets equity 13
Balanced 627
Active bond accounts 3,124
Emerging markets debt 45
International asset mix:
Equity 79%
Bonds 18%
Cash 3%
Internal global 10,994
Active equity accounts 3,631
Balanced 6,585
Active bond accounts 778
Global asset mix:
Equity 44%
Bonds 38%
Cash 17%
Other 1%
Non-U.S. pension assets 35,910
Internally managed 35,910
International equity: Committed most heavily to the U.K., Japan, Germany, France and Switzerland.
Global equity: Committed most heavily to the U.S., the U.K., Japan, Germany and France.
Analysts/portfolio managers: Stationed in Chicago, New York, Basel, Frankfurt, Hong Kong, London, Melbourne, Paris, Rio de Janeiro, Singapore, Sydney, Tokyo and Zurich.
Year registered with SEC: 1989.
Parent company: UBS AG.
Gary P. Brinson is chief investment officer; Gary Fencik is client contact.
Vanguard Group
100 Vanguard Blvd., Malvern, PA 19355; phone: (800) 523-1036; fax: (610) 669-4035;
www.vanguard.com
(U.S. $ millions)
Total assets 479,415
Total U.S. institutional tax-exempt 148,801
U.S. institutional tax-exempt int'l/global 4,417
Internal international/global 1,091
Internal international 1,091
Indexed equity accounts 983
Emerging markets equity 108
International asset mix:
Equity 100%
In addition to the assets listed above, Vanguard Group oversees $3.33 billion in U.S. institutional tax-exempt assets managed by external firms. Of that, $3.27 billion was in international and $58 million in global accounts.
International equity: Committed most heavily to the U.K., Japan, Germany, France and Switzerland.
Analysts/portfolio managers: Stationed in Malvern.
Year registered with SEC: 1975.
Gerard P. Mullane is client contact.
