cRevstone Industries LLC filed for Chapter 11 bankruptcy protection. A story in At Deadline of the March 4 issue reported the wrong name.
cA quote from Al Pierce, managing director of SEI Investments, in the story “Different yardsticks required to measure success” on page 14 of the March 4 issue should have read: “LDI managers don't typically benchmark against pension liabilities. The biggest challenge is that portfolio managers want to manage money to generate alpha based on performance against public market benchmarks. Benchmarking is the bogeyman in all of this.”
cBank of America Merrill Lynch has $38 billion in total assets under management for defined benefit plans. The asset amount and strategy in the story “LDI bandwagon rolling on” on page 13 of the March 4 edition were incorrect.
cMesirow Financial's hedge funds-of-funds assets totaled $13.9 billion or 22.7% of the firm's $61.3 billion of assets under management as of June 30, 2012. The percentage of firmwide assets managed in hedge funds of funds was incorrect in a table on page 27 of the Dec. 10 issue.