nThe ranking of the “Largest investment outsourcers” on page 13 of the July 8 issue was misnumbered. The firms are in the correct order, but the ranking is incorrect for numbers 52, 54 and 55.
Also, outsourced assets managed with full discretion as of March 31 totaled $434 billion; the figure was incorrect in the Page 1 story, “Assets catapult 59% to $1 trillion in 2 years,” in the July 8 issue. The change reduced the percentage of worldwide institutional assets managed on a discretionary basis to 45% from 46%.
Morgan Creek Capital managed 30% or $2.1 billion of its worldwide institutional assets on a discretionary basis; the figure was reported incorrectly in the ranking of “Largest investment outsourcers ranked by full discretionary assets” on page 14 of the July 8 issue. Because of the change, HighVista Partners moved into the 25th slot in the ranking with $3.8 billion of fully discretionary assets.
