Chicago Police Sergeants' Association

Pension News

By: Sgt. Michael Lazzaro
Recording Secretary & Pension Fund Representative
Retirement Board Policemen’s Annuity and Benefit Fund – City of Chicago

3rd Quarter 20007- Police Pension Investments-Market Value & Asset Allocation

Domestic Stocks – $1,902.0 Million – 45% of fund

Allocation, percentage of fund, investment style, index used

Ariel Capital – $59.2 M – 1.4% (% of fund) – SMID Cap Growth – Russell 2500 Value
Channing Capital – $25.0 M – 0.6% – Mid Cap Value – Russell Mid Cap Value
Chicago Equity Partners – $187.9 M – 4.5% – Mid Cap – S & P Mid Cap 400 Index
Cordillera – $25.8 M – 0.6% – SMID Cap Growth – Russell 2000 Growth
Denali Advisors – $26.1 M-0.6% – Mid Cap Growth – Russell 1000 Value
Great Lakes – $287.8 M – 6.8% – Large Cap Value – DJ Wilshire 5000 Index
Harris Inv. – $38.8 M – .9% – Small Cap – Russell 2000 Index
Holland Capital – $61.1 M – 1.4% – Large Cap Growth – Russell 1000 Growth
Montag & Caldwell – $244.8 M – 5.8% – Large Cap Growth – Russell 1000 Growth
Northern Trust Market Cap – $349.6 M – 8.3% – Large Cap Core – DJ Wilshire 5000
Piedmont Inv. – $25.9 M – 0.6% – Large Cap Core – S&P 500 Index
Piedra Capital – $24.0 M – 0.6% – Mid Cap Growth – Russell Midcap Growth
UBS Global Asset Management-$229.0 M – 5.4% – Large Cap Core – DJ Wilshire 5000 Index
William Blair & CO. – $256.2 M – 6.1% – SMID Cap – Russell 2500 Growth
Zenna – 60.6 M-1.4% – Large Cap Core – S & P 500

International Socks – $808.1 Million – 19.1% of Fund

Allocation, percentage of fund, investment style, index used

Artisan International – $86.6 M – 2.0% -Growth-Total ACWI Free – MSCI ACWI ex USA GD
Capital Guardian Trust-$143.9 M – 3.4% – Growth- Total ACWI Free – MSCI ACWI ex USA GD
J.P. Morgan Asset Management – $166.2 M – 3.9%- Growth – Total ACWI Free – MSCI ACWI ex USA GD
McKinley Capital Management – 94.0 M – 2.2%-Growth – Total ACWI Free – MSCI ACWI ex USA GD
UBS Global Asset Management (International) – $148.3 M – 3.5%- Value – Total Eafe Free – MSCI EAFE Free ex GD
William Blair & CO. – 169.2 M – 4.0% – Total ACWI Free – MSCI ACWI ex USA GD

Bonds – $1,242.2 Million – 29.4% of Fund – Fixed Income Managers – All Use LB U.S. Aggregate Index

Allocation, percentage of fund, investment style, index used

Dearborn Partners (BAIRD) – $84.2 M – 2.0% – Core
LM Capital – $27.6 M – 0.7% – Core Plus
Northern Trust Inv. – $288.6 M – 6.8% – Core
Taplin, Canida & Habacht – $54.1 M – 1.3%-Core Plus
UBS Global Asset Management (Bonds) – $435.5 M-10.3% – Core Plus
Wellington – $182.2 M – 4.3% – Core Plus
Wells Capital Management – $166.3 M – 4.3%- Core

Private Equity – $209.8 Million – 5.0% of Fund – All Use NCREIF Property Index

Allocation, percentage of fund, investment style, index used

Adams Street Partners – $98.6 M – 2.3% of Fund
Harbourvest Partners, L.L.C. – $72.6 M – 1.7
Invesco Private Capital – $25.9 M – 0.6%
Mesirow- $7.2 M – 0.2%
Muller & Monroe – $5.5 M – 0.1%
Cash Equivalents – $2.9 M – 0.1%
Cash Flow Account – $2.9 M – 0.1%

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HOME WHAT’S NEW ALERTS/NOTICES UPCOMING EVENTS PENSION NEWS LEGISLATIVE RETIREES MEETING SCHEDULE NEWSLETTER EXECUTIVE BOARD CONTACT CONTRACT CONSTITUTION & BYLAWS CHAPLAIN'S CORNER IN MEMORIUM PHOTO GALLERY LINKS	Chicago Police Sergeants' Association Pension News By: Sgt. Michael Lazzaro Recording Secretary & Pension Fund Representative Retirement Board Policemen’s Annuity and Benefit Fund – City of Chicago 3rd Quarter 20007- Police Pension Investments-Market Value & Asset Allocation Domestic Stocks – $1,902.0 Million – 45% of fund Allocation, percentage of fund, investment style, index used Ariel Capital – $59.2 M – 1.4% (% of fund) – SMID Cap Growth – Russell 2500 Value Channing Capital – $25.0 M – 0.6% – Mid Cap Value – Russell Mid Cap Value Chicago Equity Partners – $187.9 M – 4.5% – Mid Cap – S & P Mid Cap 400 Index Cordillera – $25.8 M – 0.6% – SMID Cap Growth – Russell 2000 Growth Denali Advisors – $26.1 M-0.6% – Mid Cap Growth – Russell 1000 Value Great Lakes – $287.8 M – 6.8% – Large Cap Value – DJ Wilshire 5000 Index Harris Inv. – $38.8 M – .9% – Small Cap – Russell 2000 Index Holland Capital – $61.1 M – 1.4% – Large Cap Growth – Russell 1000 Growth Montag & Caldwell – $244.8 M – 5.8% – Large Cap Growth – Russell 1000 Growth Northern Trust Market Cap – $349.6 M – 8.3% – Large Cap Core – DJ Wilshire 5000 Piedmont Inv. – $25.9 M – 0.6% – Large Cap Core – S&P 500 Index Piedra Capital – $24.0 M – 0.6% – Mid Cap Growth – Russell Midcap Growth UBS Global Asset Management-$229.0 M – 5.4% – Large Cap Core – DJ Wilshire 5000 Index William Blair & CO. – $256.2 M – 6.1% – SMID Cap – Russell 2500 Growth Zenna – 60.6 M-1.4% – Large Cap Core – S & P 500 International Socks – $808.1 Million – 19.1% of Fund Allocation, percentage of fund, investment style, index used Artisan International – $86.6 M – 2.0% -Growth-Total ACWI Free – MSCI ACWI ex USA GD Capital Guardian Trust-$143.9 M – 3.4% – Growth- Total ACWI Free – MSCI ACWI ex USA GD J.P. Morgan Asset Management – $166.2 M – 3.9%- Growth – Total ACWI Free – MSCI ACWI ex USA GD McKinley Capital Management – 94.0 M – 2.2%-Growth – Total ACWI Free – MSCI ACWI ex USA GD UBS Global Asset Management (International) – $148.3 M – 3.5%- Value – Total Eafe Free – MSCI EAFE Free ex GD William Blair & CO. – 169.2 M – 4.0% – Total ACWI Free – MSCI ACWI ex USA GD Bonds – $1,242.2 Million – 29.4% of Fund – Fixed Income Managers – All Use LB U.S. Aggregate Index Allocation, percentage of fund, investment style, index used Dearborn Partners (BAIRD) – $84.2 M – 2.0% – Core LM Capital – $27.6 M – 0.7% – Core Plus Northern Trust Inv. – $288.6 M – 6.8% – Core Taplin, Canida & Habacht – $54.1 M – 1.3%-Core Plus UBS Global Asset Management (Bonds) – $435.5 M-10.3% – Core Plus Wellington – $182.2 M – 4.3% – Core Plus Wells Capital Management – $166.3 M – 4.3%- Core Private Equity – $209.8 Million – 5.0% of Fund – All Use NCREIF Property Index Allocation, percentage of fund, investment style, index used Adams Street Partners – $98.6 M – 2.3% of Fund Harbourvest Partners, L.L.C. – $72.6 M – 1.7 Invesco Private Capital – $25.9 M – 0.6% Mesirow- $7.2 M – 0.2% Muller & Monroe – $5.5 M – 0.1% Cash Equivalents – $2.9 M – 0.1% Cash Flow Account – $2.9 M – 0.1% Back to the list of pension topics.
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