Corrections: Frederick Nelson will remain head of U.S. equities at J.P. Morgan Fleming Asset Management. His name was incorrectly reported in the Feb. 27 P&I Daily.
Illinois might issue $5 billion to $10 billion in pension obligation bonds, said Abby Ottenhoff, Chicago press secretary for Gov. Rod Blagojevichs office. An item in the Feb. 26 P&I Daily incorrectly reported the state might refinance up to $35 billion in POBs.
Institute of Electrical & Electronic Engineers Inc., Piscataway, N.J., is not conducting an asset allocation study of its $39 million pension plan, the current asset allocation of which is 50% domestic equity, 35% domestic fixed income and 15% international equity, said Thomas J. Lynch, staff director-financial services. The study information, asset size and asset allocation were incorrect in the Jan. 23 P&I Daily.