In the Sept. 4 issue, Pensions & Investments reported incorrectly that Coors Brewing Co. had filed a lawsuit against Fidelity Management and Trust Co. seeking compensation for any losses on guaranteed investment contracts caused by the failure of Confederation Life Insurance Co. The suit was filed by a participant in the Coors savings and investment plan, which is managed by Fidelity.
In a Sept. 4 photograph caption, the names and titles for Douglas A. Love and Ronald L. Ryan of Ryan Labs Inc. were transposed.
The Buttonwood International Group's Internet World Wide Web site in the Sept. 18 issue has been updated. The new address is http: www.buttonwood.com.
Chet Needelman, chief executive officer, Palley-Needelman Asset Management Inc., Newport Beach, Calif., estimates the total gain Kirk Kerkorian has made on his Chrysler Corp. stock holdings at $2 billion. The $350 million gain Mr. Needelman mentions in a Sept. 18 Pensions & Investments story refers to money Mr. Kerkorian has made from the runup in Chrysler stock after Jerome B. York became vice chairman of Mr. Kerkorian's Tracinda Corp.
Because of incorrect numbers supplied by LaSalle Advisors Ltd., the figures on the tables on page 22 and 26 of this issue, and the LaSalle profile on page 29, are incorrect. LaSalle had $8.948 billion in total tax-exempt real estate assets and $7.114 billion in tax-exempt real estate equity as of June 30. On page 22, the total for tax-exempt assets is $138.798 billion; the total for tax-exempt equity is $107.897 billion. Also, the total on the table of the top 10 real estate managers on page 26 is $59.683 billion.
