Corrections: According to a PIMCO poll, 44% of defined contribution investment consultants said they were willing to act as investment managers for asset-allocation or target-date retirement strategies. A Jan. 11 P&I Daily item contained incorrect information.
Vanguard Group's terminations of subadvisers Equinox Capital Management and Tukman Capital Management were based partly on performance, according to spokesman John Demming. Neither Wendy Lee, CEO of Equinox, nor Daniel Grossman, vice president at Tukman, was available for comment at press time. A Jan. 9 P&I Daily item said the terminations were not performance-related.