The following firms reported corrections to their profiles that appeared in the May 13 money manager issue. All information is as of Jan. 1, 1996.
The GIC figure for Allstate Life insurance Co. was incorrect. It should be $4.848 billion.
Because of incorrect data supplied by the company, Kennedy Capital Management was listed as using derivatives. It uses none of these instruments.
LBS Capital Management Inc. manages domestic equity assets. The firm incorrectly indicated its assets were active international equities.
Newbold's Asset Management Inc.'s active domestic equities were entered incorrectly. The amount is $7.155 billion. Also, Edward Shadek is director of portfolio strategy; the firm had listed him as chief investment officer.
Record Treasury Management Ltd. does not internally manage any of the assets underlying its currency overlay programs.
Retirement System Group Inc. assigns $107 million to outside managers.
Frank Russell Trust Co. has $2.7 billion in total assets and $2 billion in U.S. institutional tax-exempt assets under internal management. These assets are in addition to the $10.7 billion assigned to outside firms.
M.D. Sass Group has $2.5 million in U.S. tax-exempt assets assigned to other firms.