•Sierra Investment Partners' high-yield fixed-income Fort Washington strategy had a one-year gross return and a five-year annualized gross return of 21.01% and 7.46%, respectively, as of June 30. Incorrect data was provided to Pensions & Investments for the Aug. 23 “Best Performing Managers” special report. The firm no longer ranks in the top 10.
•San Diego County Employees Retirement Association's $7.2 billion portfolio earned 3.89% in July, underperforming its benchmark but not losing any money. Also, the association has not sold U.S. Treasury futures and, while the board had considered a proposal to bring investment staff in-house, that plan did not include the chief investment officer position. Incorrect information was in a page 2 story in the Sept. 6 edition.
c The Missouri State Employees' Retirement System's annualized rate of return, net of fees, for the 19 fiscal years ended June 30, was 8.52%. (The fund first adopted its 8.5% return assumption for fiscal year 1992.) The time period was reported incorrectly in the Sept. 6 story, “Rate assumptions go under the microscope.”
c Muzinich & Co. outsourced integration of environmental, social and corporate governance factors into its Bondyield ESG strategy to Sustainalytics Inc. The strategy name was incorrect in the “ESG factors make inroads in fixed-income portfolios” in the Sept. 6 issue.