California Public Employees'
Retirement System
($ millions)
Total assets*77,183
Defined benefit77,183
Employer DB contributions435
Benefit payments1,170
*as of June 30, 1993
Internally managed assets:
Defined benefit58,401
Hedging devices used:
Stock index futures
Defined benefit asset mix:
Stocks45.48%
Fixed income38.42%
Cash equivalents3.13%
Real estate equity6.5%
Mortgages5.83%
Other.0.64%
SACRAMENTO, Calif. - As of June 30, the California Public Employees' Retirement System's total employee benefit assets increased 11.9% from Sept. 30, 1992. All assets are defined benefit.
Equity managers: Domestic - Boston Co.; DMF; Oppenheimer Capital; RCM; State Street Bank; TCW.
Global - Baring International; BEA; Brinson; Fidelity; Fiduciary Trust; Morgan Grenfell; Nomura Capital; Oechsle; Pareto; Schroder Capital Management; State Street Bank; TCW International; Warburg Investment; Amerindo; Brown Capital; CIC; Denis Wong; First Capital; Oak Associates; Spare Tengler; Systematic Financial; Taplin Canida; Tiffany; Valenzuela; Valuequest.
Real estate managers: AMB; Baring Institutional; IBEX; MacFarlane; Metric; Sentinel; Equitable; LaSalle; TCW Realty; Alex. Brown; RREEF; Prudential; JMB Institutional; Compass; Hancock Timber; Hearthstone; Institutional Housing; PICAL; Residential R.E.; WFHAI.
The master custodian and global custodian is State Street Bank; the investment consultant is Wilshire Associates.
Key personnel overseeing the investment management of the fund are Dale Hanson, chief executive officer; DeWitt Bowman, chief investment officer; and James E. Burton, assistant executive officer for investments.
California State Teachers'
Retirement System
($ millions)
Total assets48,786
Defined benefit48,786
Employer DB contributions1,019
Benefit payments2,193
Internally managed assets:
Defined benefit23,021
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Managed futures
Defined benefit asset mix:
Stocks47.3%
Fixed income41%
Cash equivalents4.6%
Real estate equity3%
Mortgages1.6%
Other2.5%
SACRAMENTO, Calif. - As of Sept. 30, the California State Teachers' Retirement System's total employee benefit assets increased 15% from a year earlier. All assets are defined benefit.
Equity managers: Domestic - Barrow, Hanley; Denver Investment; Harris Bretall; J&W Seligman; NCM Capital; Oppenheimer Capital; Provident Investment; Sasco Capital; TCW; Waddell & Reed; Wells Fargo Institutional.
International - Capital Guardian; Dunedin Fund; J.P. Morgan; Lazard Freres; Morgan Grenfell; Morgan Stanley; Oechsle; PCM International; Schrolder Capital; Wells Fargo Institutional.
Real estate managers: AMB; Equitable; JMB Institutional; Metric; MIG; O'Connor Realty; TCW.
Global asset allocators: Baring International; Brinson; Fiduciary Trust; TCW.
The master custodian and global custodian is State Street Bank; the investment consultant is Pension Consulting Alliance.
Key personnel overseeing the investment management of the fund are Tom Flanigan, chief investment officer; Eileen Okada, deputy chief executive officer, investments; and Patrick Mitchell, director of fixed income and equities.
University of California
($ millions)
Total assets*19,431
Defined benefit17,368
|403(b)2,063
*P&I estimate and from Money Market Directory
Internally managed assets:
Defined benefit17,368
Defined contribution2,063
Defined benefit asset mix:
Stocks77%
Fixed income22%
Venture capital1%
OAKLAND, Calif. - The University of California's total employee benefit assets increased 9.6% from last year's survey. Defined benefit assets increased 10.2% between Sept. 30, 1992 and June 30, 1993, according to data from Money Market Directories Inc.; defined contribution assets increased an estimated 4.9%. P&I based the estimate on the fund's 1992 data and market increases.
Key personnel overseeing the investment management of the fund are Herb Gordon, treasurer, and Pat Small, assistant treasurer.
Caterpillar Inc.
($ millions)
Total assets5,900
Defined benefit4,900
Total defined contribution1,000
|401(k)400
|Thrift/savings600
Employer DB contributions64
Benefit payments240
Internally managed assets:
Defined benefit350
Defined contribution680
Hedging devices used:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks70%
Fixed income24%
Cash equivalents2%
Real estate equity4%
Defined contribution asset mix:
Company stock63%
Other stock19%
Fixed income7%
GICs/BICs8%
Cash equivalents2%
Tactical asset allocation1%
PEORIA, Ill. - As of Sept. 30, Caterpillar Inc.'s total employee benefit assets increased 25.5% from a year earlier. Defined benefit assets increased 16.7% during the same period; defined contribution assets increased 100%.
The master trustee and global custodian is Northern Trust; the investment management consultant is Frank Russell Co..
Key personnel overseeing the investment management of the fund are Robert C. Frantz, manager employee benefit fund, and Lisa A. Schlehuber, benefit funds administrator.
Chemical Bank
($ millions)
Total assets3,229
Defined benefit2,178
Total defined contribution1,051
|401(k)890
|PAYSOP161
Internally managed assets:
Defined benefit709
Hedging devices used:
Options
Futures
Defined benefit asset mix:
Stocks37%
Fixed income28%
Annuities33%
Real estate equity1%
Venture capital1%
Defined contribution asset mix:
Company stock43%
Other stock13%
Fixed income3%
Annuities41%
NEW YORK - As of Sept. 30, Chemical Bank's employee benefit assets totaled $3.229 billion. A comparison with 1992 assets is not possible because the current assets reflect Chemical Bank's merger with Manufacturers Hanover.
The managers for the defined contribution plan are as follows.
Equity managers: Domestic - Wells Fargo Nikko.
Short-term cash manager: Mitchell Hutchins.
GIC/annuity managers: Aetna; John Hancock; Metropolitan Life; Provident Mutual; Prudential; Travelers.
The master trustee is Chemical Bank.
The key person overseeing the investment management of the fund is Zissimos Frangopoulos, senior officer corporate finance.
Chevron Corp.
($ millions)
Total assets*7,864
Defined benefit3,847
Total defined contribution4,017
*P&I estimate
SAN FRANCISCO - As of Sept. 30, 1993, using figures estimated from Dec. 31, 1992, Pensions & Investments estimates Chevron Corp. had $7.684 billion in total employee benefit assets.
The master trustee for the defined benefit plan is Bankers Trust; for the defined contribution plan, Mellon.
The key person overseeing the investment management of the fund is N. G. Darling, manager, investment analysis.
Municipal Employees
Annuity & Benefit Fund of
Chicago
($ millions)
Total assets*2,794
Defined benefit2,794
Employer DB contributions120
Benefit payments179
*as of June 30
Hedging devices used:
Stock options
Defined benefit asset mix:
Stocks42%
Fixed income42%
Cash equivalents9%
Real estate equity3%
Mortgages1.5%
Venture capital2.5%
CHICAGO - As of June 30, the Municipal Employees Annuity & Benefit Fund of Chicago's total employee benefit assets increased 9.6% from Sept. 30, 1992. All assets are defined benefit.
Equity managers: Domestic - Alliance; Ariel; Bankers Trust; Bear Stearns; Brinson; Chicago Asset; Great Lakes; Keeley; Oppenheimer;Weiss Peck & Greer; Wellington. International - Frank Russell.
Fixed-income managers: Domestic - Alliance; Brinson; Bankers Trust;
Cisneros; Lincoln Capital; Payden & Rygel.
Real estate managers: Bear Stearns; Capital Associates Realty;
Glenborough Realty; Prudential; PSI.
Other managers: Chancellor; Chicago Corp.; First Analysis; Frontenac;
Mesirow.
The master custodian is Continental Bank; the investment consultant is
Becker, Burke Associates.
Key personnel overseeing the investment management of the fund are the board of trustees and James L. Stack, executive director.
Public School Teachers
Pension & Retirement Fundof Chicago
($ millions)
Total assets*5,296
Defined benefit5,296
Employer DB contributions95
Benefit payments333
*as of Aug. 31, 1993
Internally managed assets:
Defined benefit42
Defined benefit asset mix:
Stocks55.1%
Fixed income37.9%
Cash equivalents7%
CHICAGO - As of Aug. 31, the Public School Teachers Pension and Retirement Fund of Chicago's total employee benefit assets, which comprise a defined benefit fund, increased 14% from a year ago.
Equity managers: Domestic - Amerindo; ANB; Chicago Corp.; First Capital; New Amsterdam Partners; Oppenheimer; RCM Capital; UBS Asset; Waddell & Reed; Zevenbergen.
International - Schroder Capital; Scudder Stevens & Clark.
Fixed-income managers: Domestic - Cisneros; CSI Asset; Harris Investment; Morgan Stanley; NCM Capital; Smith Graham; Wedgewood Capital.
Cash equivalent managers - UBS Asset.
The master trustee and global custodian is Northern Trust; the investment consultant is William M. Mercer Asset Planning.
The key person overseeing the investment management of the fund is James F. Ward, executive director.
Chrysler Corp.
($ millions)
Total assets10,677
Defined benefit8,798
401(k)1,879
Employer DB contributions795
Benefit payments730
Employer DC contributions16
Internally managed assets:
Defined benefit1,573
Hedging devices used:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks63%
Fixed income32%
Cash equivalents4%
Real estate equity1%
Defined contribution asset mix:
Company stock5%
Other stock8%
GICs/BICs26%
Cash equivalents23%
Other38%
HIGHLAND PARK, Mich. - As of Sept. 30, Chrysler Corp.'s total employee benefit assets increased 62% from a year earlier. Defined benefit assets increased 70% during the same period; defined contribution assets increased 31%.
Equity managers: Ariel Capital; Atalanta Sosnoff; Bank of New York; Bankers Trust; Sanford Bernstein; Brinson; Chancellor; Eagle; G.E. Investment; Glickenhaus; Govett; Greaves Capital; GS Capital; Hancock Capital Growth; InterMedia Partners; Investment Research; Merrill Lynch; Mitchell Hutchins; J.P. Morgan; Palley-Needelman; Rowe Price-Fleming; Fayez Sarofim; Smith Barney; State Street Research; TCW; UBS Asset; Veronis, Suhler; Wells Fargo Nikko; Woodbridge.
International - Merrill Lynch (defined contribution plans).
Fixed-income managers: Aetna Life; Bankers Trust; Bank of New York; BlackRock Financial; Fischer, Francis; Foothill Partners II; Metropolitan Realty; Merrill Lynch; Montgomery Asset; Morgan
Guaranty; J.P. Morgan Petroleum Fund II; Morgan Stanley; National
Bank of Detroit; State Street Research; Travelers; TCW Asset.
International - Merrill Lynch (defined contribution plans).
Real estate managers: JMB Institutional; Prudential Realty; RREEF.
The master trustee and global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are G.C. Valade, executive vice president and chief financial officer; T.P. Capo, vice president and treasurer; and R.P. Flynn, manager, pension fund investments.
