Citibank
($ millions)
Total assets4,378
Defined benefit2,643
Total defined contribution1,735
Employer DB contributions14
Benefit payments49
Total DC contributions89
Hedging devices used:
Stock index futures
Fixed-income futures
Managed futures
Defined benefit asset mix:
Stocks60.7%
Fixed income21.0%
Cash equivalents8.7%
Real estate equity9.6%
Defined contribution asset mix:
Company stock33%
Other stock34%
Fixed income9%
Cash equivalents24%
NEW YORK - As of Sept. 30, Citibank's total employee benefit assets increased 22.5% from a year earlier. Defined benefit assets increased 14.4% during the same period; defined contribution assets increased 37.1%.
Employer contributions to the defined benefit plan decreased 68%, and benefits paid increased 11.3%.
Defined benefit managers:
Domestic equities: Chancellor; Snyder Capital.
Domestic fixed-income: Chancellor; Bridgewater Group.
Real estate: Yarmouth Capital; Bell/Merrill.
Defined contribution managers:
Domestic equities: Chancellor.
Domestic fixed-income: Chancellor.
The master trustee and custodian is Citibank.
Key personnel overseeing the investment management of the fund are Ronald Walter, director of investments; and Camilo Amenedo, senior investment officer. Overseeing the defined contribution plan are Mr. Walter, Mr. Amenedo and Mike Reiff, vice president, human resources.
Public Employees'
Retirement Association of
Colorado
($ millions)
Total assets16,770
Defined benefit16,660
401(k)110
Employer DB contributions387
Benefit payments587
Total DC contributions24
Internally managed assets:
Defined benefit10,989
Defined contribution48
Hedging devices used:
Stock options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks64%
Fixed income23%
Cash equivalents2%
Real estate equity5%
Mortgages3%
Alternative investments3%
Defined contribution asset mix:
Stock60%
Fixed income20%
Cash equivalents11%
Other9%
DENVER - As of Sept. 30, the Public Employees' Retirement Association of Colorado's total employee benefit assets increased 16.9% from a year earlier. Defined benefit assets increased 16.7% during the same period; defined contribution assets increased 47%.
Employer contributions to the defined benefit plan increased 5%, and benefits paid increased 12%.
Defined benefit managers:
Domestic equities: Alliance Capital; Denver Investment; Janus; United Capital Management.
International equities: Alliance Capital; Bankers Trust; Baring Asset; BEA; Brinson Partners; Dunedin; Morgan Grenfell; Nomura; Philippe Investment; Schroder.
Domestic fixed-income: Fischer, Francis; LM Capital; NCM; TCW.
International fixed-income: Julius Baer.
Real estate: INVESCO; Metric; RREEF; Cabot; Heitman/JMB; Prudential; LaSalle; Zell/Merrill.
Other managers: Cattanach; Centennial Fund; Columbine Fund; Colorado Venture; John Hancock Fund; John Hancock Timber; Blackstone Group; Forstmann, Little; Joseph, Littlejohn; Lehman Merchant Banking; Warburg Investment Management International; Apollo Advisors; Cypress Group.
Defined contribution managers:
Domestic equities: Fidelity.
Domestic fixed-income: PIMCO; Norwest
Other manager: Dodge & Cox.
The master custodian and global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Jack Ehnes, chairman, board of trustees; Robert Scott, executive director; and Norman Benedict; deputy executive director. Overseeing the defined contribution plan are Lana Calhoun, deputy executive director; Colleen Murray, director; and Rick Larson, assistant director.
Commonwealth Edison
($ millions)
Total assets2,960
Defined benefit2,960
Internally managed assets565
Hedging devices used:
Stock index futures
Defined benefit asset mix:
Stocks55%
Fixed income43%
Cash equivalents1%
Real estate equity1%
CHICAGO - As of Sept. 30, Commonwealth Edison's total employee benefit assets - all defined benefit - increased 14% from a year earlier.
The master custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Rickard P. Schwartz, manager of investments, and Kevin M. Norberg, equity portfolio manager.
