In Reply to: Re: Did I get that right? "Up to a billion dollars ... transferred out of the C-plan reserves" posted by kunikos on 12 November 2004 at 08:47:51:
The Annual Reports give asset allocations. I reproduced some figures in the posting below. AMIPP could have a page with the data since 1990 but what would that be useful for?
I hope nothing I wrote has suggested IBM controls the Trust's Investment Committee (other than by reason of appointing most who are on it). The company controlled the deficit because if the Investment Committee went for something risky that turned out badly the company could compensate by making a bigger contribution to the fund - the amount of contribution used to be their unilateral decision. But that is not the same as controlling investment strategy. There is a connection between the "Company Covenant" and investment strategy, as explained in Newsletter 24, but that is not the same as control.
(Not with trustee hat on)