Avatar Associates' statistics were incorrect in the June 15 alphabetical listings for the Pensions & Investments Performance Evaluation Report. The strategy name, with the correct returns for the latest quarter, year and three years, and assets (in $ millions) as of Dec. 31, 1997, are:
2 Way Active TAA: 12.8; 33.6; 23.8; 857
2 Way Passive TAA: 12.3; 36.4; 24.5; 812
3 Way Active TAA: 9.4; 26.9; 20.3; 1,293
3 Way Passive TAA: 8.8; 28.5; 20.5; 219
KPMG Peat Marwick is not selling its northeast U.S. investment consulting business as was reported in the July 27 issue. Watson Wyatt will purchase only KPMG's actuarial and benefits consulting businesses.
Amalgamated Bank of New York was excluded inadvertently from the P&I/Watson Wyatt World 500 ranking of money managers in the July 27 issue. The firm would have ranked 487th with $3.645 billion.