K mart Corp.
($ millions)
Total assets2,563
Defined benefit1,411
401(k)1,152
Internally managed assets:
Defined benefit530
Hedging devices used:
Managed futures
Defined benefit asset mix:
Stocks61%
Fixed income35%
Cash equivalents2%
Real estate equity2%
Defined contribution asset mix:
Company stock45%
Other stock10%
GICs/BICs45%
TROY, Mich. - As of Sept. 30, K mart Corp.'s total employee benefit assets increased 8.1% from a year earlier. Defined benefit assets increased 8.2% during the same period; defined contribution assets increased 7.8%.
Equity managers: Domestic - Alliance Capital; American Funds Group; Brown Capital; Capital Guardian; Dimensional Fund Advisors; NCM Capital; Twentieth Century Investors.
International - Brinson Partners.
Fixed-income managers: BEA Associates; Federated Investors; Putnam Cos.
Real estate managers: Equitable; JMB.
The master trustee and global custodian is National Bank of Detroit.
Key personnel overseeing the investment management of the fund are Bill Camp, portfolio manager, and Terry Roth, investment analyst.
Kaiser Permanente
($ millions)
Total assets4,290
Defined benefit3,343
Total defined contribution947
|401(k)263
|Thrift/savings471
|403(b)213
Employer DB contributions147
Benefit payments56
Employer DC contributions28
Internally managed assets:
Defined contribution30
Defined benefit asset mix:
Stocks.60%
Fixed income.31%
Cash equivalents.9%
Defined contribution asset mix:
Other stock.27%
Fixed income.12%
GICs/BICs.50%
Cash equivalents.11%
OAKLAND, Calif. - As of Sept. 30, Kaiser Permanente's total employee benefit assets increased 30.6% from a year earlier. Defined benefit assets increased 32.5% during the same period; defined contribution assets increased 24.3%.
Equity managers: Fred Alger; Cooke & Bieler; Delaware; Essex; Geewax, Terker; Husic; MacKay-Shields; Neuberger & Berman; Wells Fargo Nikko.
Fixed-income managers: Criterion; Miller Anderson & Sherrerd; Payden & Rygel; T. Rowe Price; Loomis, Sayles.
The master trustees are Bankers Trust and Bank of America.
Key personnel overseeing the investment management of the fund are Janice K. Murphy, vice president and treasurer, and Johann Koo, pension investment coordinator.
Kansas Public Employees'
Retirement System
($ millions)
Total assets5,322
Defined benefit5,322
Employer DB contributions125
Benefit payments229
Internally managed assets:
Defined benefit22
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks.45%
Fixed income39%
Cash equivalents.7%
Real estate equity.7%
Direct placements.2%
TOPEKA, Kan. - As of Sept. 30, the Kansas Public Employees' Retirement System total employee benefit assets increased 13.5% from a year earlier. All assets are defined benefit.
Equity managers: Domestic - Brinson; Capital Guardian; Pilgrim Baxter Greig; Provident Investment; Wells Fargo Nikko.
International - Alliance Capital; Nomura Capital.
Fixed-income managers: Domestic - Loomis, Sayles; PIMCO; Payden & Rygel; Wells Fargo Nikko.
International - Julius Baer.
Real estate managers: Equitable; L&B; O'Connor.
Other managers: Morris-Anderson; Pacholder Associates.
The master custodian and global custodian is Boston Safe Deposit & Trust Co; the investment consultant is William M. Mercer.
Key personnel overseeing the investment management of the fund are Elizabeth B.A. Miller, investment officer; David Westphal, direct placement investment officer; Robert Schau, real estate investment officer; and Scott Peppard, investment analyst.
Kentucky Retirement
Systems
($ millions)
Total assets5,000
Defined benefit5,000
Employer DB contributions183
Benefit payments197
Internally managed assets:
Defined benefit2,443
Defined benefit asset mix:
Stocks62%
Fixed income16%
Cash equivalents12%
Mortgages4%
Real estate equity6%
FRANKFORT, Ky. - As of Sept. 30, the Kentucky Retirement Systems total employee benefit assets increased 12.3% from a year earlier. All assets are defined benefit.
Equity managers: Investment Advisers; Investment Counselors/Md.
Fixed-income managers: Barksdale; Lincoln National Asset.
Real estate managers: Heitman; TCW; Yarmouth.
The master custodian is Farmers Bank & Capital Trust Co.; the investment consultant is William M. Mercer.
Key personnel overseeing investment management of the fund are Pamala S. Johnson, general manager, and Marlene A. Castle, investment officer.
Kentucky Teachers'
Retirement System
($ millions)
Total assets5,858
Defined benefit5,858
Employer DB contributions281
Benefit payments282
Internally managed assets:
Defined benefit1,835
Defined benefit asset mix:
Stocks35.9%
Fixed income52.8%
Cash equivalents8.3%
Real estate equity1.1%
Mortgages1.9%
FRANKFORT, Ky. - As of Sept. 30, the Kentucky Teachers' Retirement System's total employee benefit assets increased 13.2% from a year earlier. All assets are defined benefit.
Equity managers: Brinson; INVESCO, Todd; Wellington.
Fixed-income managers: National Asset; Todd.
The master custodian is Farmers Bank; the investment consultant is Becker, Burke.
Key personnel overseeing the investment management of the fund are Pat Miller, executive secretary, and Stuart Reagan, deputy executive secretary-investments.
Eli Lilly & Co.
($ millions)
Total assets*3,118
Defined benefit1,618
Thrift/savings1,500
*From Money Market Directory
INDIANAPOLIS - Eli Lilly & Co.'s employee benefit assets totaled $3.18 billion as of June 30, according to Money Market Directory.
Lockheed Corp.
($ millions)
Total assets*11,646
Defined benefit8,114
Total defined contribution3,532
*as of July 1, 1993
Hedging devices used:
Bond options
Stock index futures
Fixed-income futures
CALABASAS, Calif. - As of July 1, Lockheed Corp.'s total employee benefit assets increased 17% from Sept. 30, 1992. Defined benefit assets increased 22% during the same period; defined contribution assets increased 6%.
Managers: Alliance Capital; Anhalt/O'Connell; Bankers Trust; Capital Guardian; Chancellor; DSI International; Delaware Investment; Delta; First Interstate Bank of Washington; Hotchkis & Wiley; Investment Research; Karsten Associates; Lombard Odier; Mellon Bank; J.P. Morgan; Pacific Financial Research; Payden & Rygel; RREEF; Fayez Sarofim; Smith Barney;
TCW Asset; TCW Global; UBS Asset; Western Asset; and Westwood.
The master trustee and global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are George C. Weintz, investment counsel, and David C. Toth, manager of trust investment.
Los Angeles City
Employees' Retirement
System
($ millions)
Total assets3,899
Defined benefit3,899
Employer DB contributions171
Benefit payments196
Internally managed assets:
Defined benefit108
Hedging devices used:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks50.8%
Fixed income42.9%
Cash equivalents2.8%
Real estate equity3.5%
LOS ANGELES - As of Sept. 30, the Los Angeles City Employees' Retirement System's total employee benefit assets increased 15.5% from a year earlier. All assets are defined benefit.
Equity managers: Domestic - Ariel; Bankers Trust; Bond, Procope; Chancellor; Fiduciary Trust; Galleon; Loomis; RhumbLine; Valenzuela.
International - Baillie Gifford; Morgan Stanley; State Street; Templeton.
Fixed-income managers: Bankers Trust; WR Lazard; Lincoln Capital; Loomis; Smith Graham.
Real estate managers: AEW; LaSalle; L&B; O'Connor; RREEF; TA Associates; TCW Realty.
The master custodian and global custodian is Northern Trust; the investment consultant is Asset Strategy Consulting.
Key personnel overseeing the investment management of the investment management of the fund are Oscar Peters, manager; Dan Galagher, chief investment officer; and Wayne Ige, investment director.
Los Angeles County
Retirement Plans
($ millions)
Total assets15,541
Defined benefit14,182
Total defined contribution1,359
|401(k)268
|4571,091
Employer DB contributions539
Benefit payments647
Employer DC contributions25
Internally managed assets:
Defined contribution22
Hedging devices used:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks55%
Fixed income38%
Real estate equity4%
Other3%
Defined contribution asset mix:
Other stock19.6%
Fixed income4.8%
GICs/BICs65.9%
Cash equivalents9.7%
LOS ANGELES - As of Sept. 30, the Los Angeles County Retirement Plans' defined benefit assets increased 10.4% from a year earlier. The defined contribution assets weren't included in the previous survey.
Equity managers: Domestic - Bankers Trust; Delta; Fidelity Investment; INVESCO MIM; Loomis, Sayles; Miller Anderson; Stein Roe; TSA; Morgan Stanley; Pilgrim, Baxter, Grieg; Putnam; State Street Bank; Weiss, Peck & Greer.
International - Morgan Grenfell; Prudential Asia; Schroder Capital; UBS Asset; UBS Phillips.
Fixed-income managers: Domestic - Bradford & Marzec; Brown Brothers; Criterion; MacKay-Shields; MFS; Miller Anderson; MetLife; Pacific Mutual Life; Protective Life; TCW Asset.
International - Brinson; J.P. Morgan; Morgan Grenfell.
Global balanced managers: Capital Guardian.
Real estate managers: Equitable; Heitman; JMB; Jones, Lang Wootton; L&B Real Estate; PSI; RREEF; Sentinel; Shurgard; T.A. Associates; Trammell Crow; TCW Realty.
Alternative Assets: Churchill Capital; Copley Venture; GKH; Kidd Kamm; Kleiner Perkins; Oak Investment; Prudential Equity Investors; Sevin Rosen; Summit; Syndicated Communications; TA Communications; E.M. Warburg, Pincus; Whitman Heffernan & Rhein.
Cash managers: Bankers Trust.
Other managers: Great Western Bank; Sears Savings Bank.
The master custodian for the defined benefit plan is Bank of America; the global custodian is Chase Manhattan; the investment consultants for the defined benefit plan are Callan Associates; Frank Russell; Townsend; Chancellor Capital; and Institutional Shareholders Services.
Key personnel overseeing the investment management of the defined benefit fund are Sheldon Lieberman, chief investment officer; Joseph Carieri, senior investment officer, fixed income; and Andrew Warner, senior investment officer, real estate. Teh key person overseeing the defined contribution plan is Sandra Davis, county treasurer .
