CORRECTION: The July 25 edition of P&I Daily incorrectly described how...

CORRECTION: The July 25 edition of P&I Daily incorrectly described how PIMCO deleveraged a $76 million account managed by Advanced Investment Management for the Minneapolis Employees Retirement Fund. The account had $206 million of leverage when PIMCO accepted it, and PIMCO deleveraged the account by $130 million, to $76 million, to bring it within investment guidelines. MERF staff also said the AIM account carried 400% leverage in July, not December 2001, as indicated in the P&I Daily item.