) Schrager resigned as chairman and CEO in 2005 but will remain a consultant to the company through 2007.
"Welcome To Superfund" (Special Report, Mar. 6, 2006)
"Welcome to Superfund" (Special Report, Mar. 6) stated that financial adviser John Valentine has suggested that some wealthy clients allocate 18% to 22% of their portfolios to Superfund for diversification. Mr. Valentine says the figure is 10%. The 18%-to-22% range, he says, represents what he might recommend for investments in all Non-Correlated Asset Classes. In "Rated M for Mad Ave" (Marketing, Feb. 27), we reported that Engage In-Game Advertising, a video game media-buying service, inserted ads on behalf of its client, Subway Restaurants International, into online games via a Net ad server and modified, without permission, Valve Corp.'s video game Counter-Strike. Rather, Engage placed ads through in-game advertising company IGA Worldwide, which settled the dispute with Valve after we went to press. "How the IPO market got its buzz back" (News: Analysis & Commentary, Feb. 27) should have clarified Ian Schrager's relationship with Morgans Hotel Group Co. (MHGC