• Stephen Stonberg is chief operating officer of the product management group with Credit Suisse Asset Management’s alternative investment unit. He reports to Ravi Singh, managing director and head of the alternative investment unit, and Alastair Cairns, managing director, head of strategy, merger and acquisitions, and product development for the asset management unit. Incorrect information was reported in the Jan. 19 P&I Daily.
• Northern Trust reported assets under management of $643.6 billion, a 2% decrease from the third quarter and a 3% increase from a year earlier. Incorrect information was reported in the Jan. 19 P&I Daily.
• New Mexico Public Employees Retirement Association hired Manulife Asset Management to run $200 million in active core-plus fixed income and also switched a $400 million investment to Franklin Templeton’s core-plus strategy from the manager’s global bond plus strategy. Incorrect information was reported in the Jan. 18 P&I Daily.
