The PIPER listings published in the Feb. 22 issue contained several errors.
Chartwell Investment Partners was omitted inadvertently from the listings. The strategies and their returns for the quarter and year ended Dec. 31 were: Balanced value, 8.4% and 14%; fixed-income value, long, 0.3% and 8.8%; large-cap value, 15.7% and 19%; and small-cap growth, 29.4% and 4.4%.
Trainer, Wortham & Co. provided an incorrect return for the third quarter for its Diversified Growth strategy, resulting in the firm being listed among the top 10 performers for the year ended Dec. 31 in both the growth managed equity and overall managed equity universes. The corrected returns for the strategy are 30.6% for the year and 25.1% for three years.
Bankers Trust Co. incorrectly reported its fourth-quarter return, resulting in its Pyramid GIC ranking first in the overall commingled fixed-income universe. The correct figures are: 1.6% for the quarter; 6.1% for the year; and 6% for the three years.
Also, the key to the chart on page 22 stated incorrectly that RogersCasey & Associates compiles the PIPER data. RogersCasey is not involved with PIPER.
An item in the Feb. 22 At Deadline column reported that 401k Forum voluntarily withdrew its application for a prohibited transaction exemption allowing it to offer investment advice, which is misleading. 401k Forum can offer investment advice under certain circumstances without the exemption.