•Wells Capital Management manages $7.2 billion in non-affiliated general account insurance assets as of June 30. The firm provided incorrect information that appeared in the Oct issue.
•A photo on page 28 of the Nov. 14 issue was incorrectly identified as Ray Dalio of Bridgewater Associates. Mr. Dalio is pictured at right.
•Two paragraphs were cut inadvertently from a story on page 34 of the Nov. 14 issue. The paragraphs, which contained the page 1 "Inside" quote, read:
"Just because you've been winning lately, doesn't mean you've become brilliant," agreed Ben Inker, chief investment officer at Boston-based Grantham, Mayo, Van Otterloo & Co. LLC. GMO's assets under management have more than quadrupled in the past five years to more than $90 billion, after tumbling to $20 billion from $30 billion during the stock market bubble of the late 1990s.
"If underlying fundamentals are going our way but the market is going against us," there could well be another stretch where "the market hands our head to us," said Mr. Inker.
•Morgan Stanley Alternative Investment Partners was incorrectly identified in a story and on a chart about portable alpha in the Nov. 14 issue.
•State-Boston Retirement System has seven real estate investment advisers, according to the latest annual report by Massachusetts' Public Employee Retirement Administration Commission. The Nov. 14 Changes Ahead incorrectly represented the fund's exposure to the asset class.
•The Tradewatch data in the Nov. 14 issue was as of June 30, 2005; an incorrect date was listed in the issue.
•An item on page 24 of this issue incorrectly states that Max Patterson, former executive director of the Houston Firefighters' Relief & Retirement Fund, was terminated by the board. Mr. Patterson left the fund earlier this summer by mutual agreement with the board. Also, the fund's assets total $2.3 billion.