A partnership between M.D. Sass Partners and Chase Manhattan Bank manages $8 billion in cash and short- to intermediate-term fixed-income assets. Chase Manhattan is not part of the partnership that handles $700 million in distressed securities, mentioned in a Nov. 10 story.
Pacific Alliance Capital Management Inc. was omitted inadvertently from the Dec. 8 PIPER listings. The firm's styles and returns are: balanced management, 7.4% for the third quarter, 27% for the year ended Sept. 30 and an annualized 20.3% for three years; income equity, 7.2%, 34.1% and 25.7%; core fixed income, 3.7%, 10.1%, 9.6%; and intermediate fixed income, 3%, 8.7% and 8.6%.
