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WAYNE H.

WAGNER BIOGRAPHICAL DATA

EXPERIENCE

2008-present OM♦NI, a Consulting Partnership.

2006-2008 ITG, INC. Senior Advisor

2002-2005 JPMORGAN Chase, Inc., Senior Vice President

1986-2005 PLEXUS GROUP, Inc, Founder/Chairman of the Board

1973-1986 WILSHIRE ASSOCIATES, Founding Partner/Chief Investment Officer

1972-1973 WAYNE H. WAGNER: INVESTMENT MANAGEMENT PROCEDURES, Independent Consultant

1964-1972 WELLS FARGO BANK, Assistant Vice President, Management Science Department

1961-1964 INTERNATIONAL BUSINESS MACHINES, Systems Engineer – Scientific, San Francisco Financial Office

FAVORITE CAREER ACHIEVEMENTS

2005 Plexus Group sold to ITG Solutions, Inc.


1990 Brought first implementation shortfall cost measurement to market
1987 Brought Instinet’s Crossing Network to market
1986 Formed Plexus Group
1983 Formed Wilshire Asset Management, managed Wilshire 5000 funds, created double blind program trading methods
1979 Developed Trust Universe Comparison Service (TUCS)
1975 Implemented first commercial system for Index Fund management
1975 Wilshire Associates partnership formed
1970 Designed software and procedures for managing the very first Index Fund, created passive trading technique
1966 Statistical analysis to support system for Credit Scoring
1963 Program for optimal Municipal Bond Bid Scaling

SERVICE AND HONORS

Advisory Board, Dow Jones/Wilshire Indexes, 2006-present


Advisory Board, The Journal of Trading, 2005-present
Board of Directors, ReFlow, LLC, 2005-present
CFA Institute Annual Conference Program Committee, 2003-present
Adjunct Professor, Marshall School of Business, University of Southern California, 2003, 2004
Visiting Professor, Anderson School of Business, University of California – Los Angeles, 2003
Editorial Board, Financial Analysts Journal, 2002-present.
Editorial Board, Journal of Indexes, 2002 - present
Los Angeles Book Publicists “Irwin Award” 2001
Investment News “Power Elite Hall of Fame” 2001
Advisory Board, Center for the Study of Securities Markets, Pace University, 2001 - 2006
Board of Directors, The Institute for Quantitative Research in Finance, 2001- present
AIMR Blue Ribbon Task Force on Best Execution, 2000-2002
1999 Consultant of the Year, Plan Sponsor Magazine
AIMR Blue Ribbon Task Force on Soft Dollars, 1998
Regent, AIMR Financial Analysts Seminar 1996-1999
Advisory Board, Investment Management Institute 1988 - 2005
Editorial Board, TRILLION Magazine, 1987-1988
Graham and Dodd Award, Financial Analysts Federation, 1984
Graham and Dodd Award, Financial Analysts Federation, 1971

EDUCATION

STANFORD UNIVERSITY UNIVERSITY OF WISCONSIN


Master of Science , 1961 Bachelor of Business Administration, 1960
Department of Statistics School of Commerce
Management Sciences Major Statistics Major, Finance Minor
PUBLICATIONS
Books, Chapters, Articles and Papers

92 THE INCREDIBLE STORY OF TRANSACTION COST & Antoinette Colanino


MANAGEMENT – A PERSONAL RECOLLECTION Springer Science + Media, July, 2005
Journal of Trading (lead article)
Summer, 2008 79. ACHIEVING BEST EXECUTION IN
INSTITUTIONAL PORTFOLIOS
91 NOBLE CHALLENGES: THE TRADING CHALLENGE Journal of Financial Transformation, April, 2005
NOBLE CHALLENGES
Ralph Rieves and Wayne Wagner, editors 78. FRAGMENTATION AND THE BUYSIDE TRADER
Forthcoming, 2008 Traders Magazine, December, 2004

90. IF BEST EXECUTION IS A PROCESS, 77. FASTER


WHAT DOES THAT PROCESS LOOK LIKE? FIX Global Magazine (London), September, 2004
(with Mark Edwards)
Journal of Trading, Summer 2007 76. THE SUNNY SIDE OF THE STREET: Reaping Reasonable
Returns in an Era of Tech Change
89. DECISION DRIVERS Lubin School of Business Alumni Magazine;
CFA Magazine, May, 2007 September 2004

88. IMPLEMENTING INVESTMENT STRATEGIES 75. TRANSACTION COSTS AND BEST EXECUTION
(with Mark Edwards) COMPLIANCE AND MEASUREMENT
INVESTMENT STRATEGIES AND PORTFOLIO Journal of Compliance, Summer, 2004
MANAGEMENT HANDBOOK,
Frank Fabozzi, Editor 74. THE MARKET MAKER IN THE AGE OF THE ECN
Wiley, 2007 Journal of Investment Management, April, 2004

87. ELECTRONIC TRADING: RIVAL OR REPLACEMENT FOR 73. TRADING TRUTHS


TRADITIONAL FLOOR-BASED EXCHANGES? Pensions and Investments, April 2004.
WORLD OF EXCHANGES:
ADAPTING TO A NEW ENVIRONMENT 72. PENNYING NOT CAUSE OF HIGHER TRADE COST
Shahin Shojai, Editor (with Mark Edwards)
Euromoney Books, 2007 Pensions & Investmenrs, March 8, 2004

86. IMPLEMENTATION OF PORTFOLIO 71. INSTITUTIONAL ORDER FLOW AND


BUILDING: EXECUTION THE HURDLES TO SUPERIOR PERFORMANCE:
MANAGING INVESTMENT PORTFOLIOS Equity Trading: Execution and Analysis
A DYNAMIC PROCESS Kathryn Dixon Jost, Editor
(with Jack L. Treynor and Ananth Madhavan) AIMR, October 2003
John L. Maginn & Dennis McLeavey
Warren, Gorham & Lamont, Boston, 2007 70. COST VS. LIQUIDITY:
(CFA Study Guide) THE QUEST FOR BEST EXECUTION
Equity Trading: Execution and Analysis
85. SHOULD I FIRE MY TRADER OR PAY HIM A MILLION? Kathryn Dixon Jost, Editor
(with Gary Karz) AIMR, October 2003
Journal of Trading, Autumn 2006
69. WAYNE WAGNER ON TRADING
84. ONE ON ONE INTERVIEW WITH WAYNE WAGNER CFA Digest, March/April 2003
Nina Mehta
Financial Engineering News, Sept/Oct 2006 68. THE ESSENTIAL ROLE OF MARKET MAKERS
Traders Magazine, May 2002
83. HAVE TRANSACTION COSTS BOTTOMED?
Trading Viewpoint Column 67. THE MARKET MAKER IN THE AGE OF THE ECN
Traders Magazine, May 2006 Transaction Performance: an II Investment Guide
Institutional Investor, April, 2002
82. A HIERARCHY OF TRADING DECISIONS
Lead article, inaugural issue. 66. HER MAJESTY’S SOFT DOLLARS
Journal of Trading, Winter 2006 Traders Magazine, February, 2002

81. HOW INTELLIGENT TRADCERS ENHANCE 65. COMMISSIONS ON NASDAQ TRADES?


HEIR SKILLS WITH A TCA REPORT Traders Magazine, October 2001
(with Melissa Spurlock).
THE EQUITY TRADER COURSE 64. DEFINING BEST EXECUTION
Robert A. Schwartz, Reto Francioni a & Bruce W. Weber Best Execution and Portfolio Performance
John Wiley, 2006 Katrina Sherrerd, Editor
AIMR, May 2001
80. EVIDENCE ON INSTITUTIONAL TRADING PRACTICES
COPING WITH INSTITUTIONAL ORDER FLOW
Robert A. Schwartz, John Aiden Byrne
63. CONTROLLING INVESTMENT COSTS 48. LOOKING BELOW THE ICEBERG’S TIP
Employee Benefit Issues the Multi-Employer Perspective Plan Sponsor Magazine, April, 1998
Judith A. Sansky, Editor
International Foundation of Employee Benefit Plans 47. IMPLEMENTING INVESTMENT STRATEGIES:
May, 2001 THE ART AND SCIENCE OF INVESTING
(With Mark Edwards)
62. WHAT EVERY PLAN SPONSOR NEEDS SELECTED TOPICS IN
TO KNOW ABOUT TRANSACTION COSTS EQUITY PORTFOLIO MANAGEMENT
TRANSACTION COSTS: Frank Fabozzi, Editor
A Cutting-edge Guide to Best Execution Frank J. Fabozzi Associates, 1998
Brian R Bruce, Editor
Institutional Investor Journals, 2001 46. THE DYNAMICS OF TRADING
& DIRECTED BROKERAGE
61. MILLIONAIRE (with Steven Glass)
with Albert Winnikoff JOURNAL OF PENSION PLAN INVESTING
Renaissance Press, 2000 Winter, 1998

60. WHEN THE ELEPHANTS DANCE 45. TOOLS FOR TRADING WITH
www.fundalarm.com, December, 2000 EFFICIENCY AND CONTROL
IMPLEMENTING GLOBAL EQUITY STRATEGY:
59. MEASURING, CONTROLLING, AND SPOTLIGHT ON ASIA.
ALLOCATING TRADING COSTS Katrina F. Sherrerd, Editor
ETHICAL ISSUES FOR TODAY’S FIRMS AIMR, 1997
Katrina F. Sherrerd, Editor, AIMR, 2000
44. IMPLEMENTING GLOBAL INVESTMENT STRATEGIES
58. VOLUME WEIGHTED AVERAGE PRICE: (with Carole A. Ryavec)
EVALUATION OR EVASION? QUANTITATIVE INVESTING
Senior Consultant Magazine, June, 2000 FOR THE GLOBAL MARKETS
Peter Carman, Editor
57. ANALYZING TRANSACTION COSTS: PART II Glenlake Publishing Co, 1997
The Journal of Investment Consulting
September, 1999 43. GOOD TECHNOLOGY ESSENTIAL TO TRADING
(with Brett C. Browchuk)
56. CAPTURING THE RESEARCH ADVANTAGE Pensions & Investments, November 11, 1996
Journal of Portfolio Management, Spring, 1999
42. WHAT IS BEST EXECUTION AND
55. THE DYNAMICS OF TRADING AND WHAT SHOULD IT COST?
DIRECTED BROKERAGE The Ambachtsheer Letter, June, 1995
The Journal of Pension Plan Investing
June, 1999 41. 10 MYTHS & 20 YEARS OF BETA
Journal of Portfolio Management, Fall 1994
54. ANALYZING TRANSACTION COSTS: PART I
The Journal of Investment Consulting 40. MEASURING IMPLEMENTATION SHORTFALL
June, 1999 IN STOCK PORTFOLIOS:
QUALITY MANAGEMENT BY ANOTHER NAME
53. WHAT SHOULD THE NEXT TRADE COST? QUALITY MANAGEMENT AND
INSTITUTIONAL INVESTING
Traders Magazine, December, 1998
Keith Ambachtsheer, Editor, AIMR, 1994
52. THE COST OF TRADING AND
39. PASSIVE TRADING: POINT & COUNTERPOINT
THE QUEST FOR NEW MARKET STRUCTURES
(with Evan Schulman)
The Journal of Investment Consulting
Journal of Portfolio Management, Spring 1994
December, 1998
38. DEFINING AND MEASURING TRANSACTION COSTS
51. THE END OF THE EXCHANGE AS WE’VE KNOWN IT?
EXECUTION TECHNIQUES,
Dow Jones Asset Management
TRUE TRADING COSTS, &
December, 1998
MICROSTRUCTURE OF MARKETS
Katrina F. Sherrerd, Editor
50. IMPLEMENTING INVESTMENT STRATEGIES:
AIMR, 1993
THE ART AND SCIENCE OF INVESTING
(With Mark Edwards)
37. THE ELECTRONIC TRADING EDGE
HANDBOOK OF PORTFOLIO MANAGEMENT
Wall Street & Technology
Frank Fabozzi, Editor
April, 1993
Frank J. Fabozzi Associates, 1998
36. BEST EXECUTION
49. IMPLEMENTING INVESTMENT STRATEGIES:
(with Mark Edwards)
THE ART AND SCIENCE OF INVESTING
Financial Analysts Journal
Canadian Investment Review, Fall, 1998
January/February 1993
35. INCREASING PORTFOLIO EFFECTIVENESS VIA 21. PROGRAM TRADING AND MARKET EFFICIENCY
TRANSACTION-COST MANAGEMENT EQUITY MARKETS AND VALUATION METHODS
(with Michael Banks) Katrina F. Sherrerd, Editor
Journal of Portfolio Management, Fall 1992 Institute of Chartered
Financial Analysts, 1988
34. WHAT'S TO BE DONE? WHO'S TO DO IT?
REBUILDING WALL STREET 20. THE MANY DIMENSIONS OF RISK
Mark Fadiman PORTFOLIO INSURANCE
Prentice Hall, Englewood Cliffs, 1992 Donald Luskin, editor
John Wiley and Sons, NY, 1988
33. 18 RULES TRADERS SHOULD LEARN
(with Mark Edwards) 19. THE MANY DIMENSIONS OF RISK
Futures Magazine, April 1992 Journal of Portfolio Management, Winter, 1988

32. ISN'T IT ODD THAT SPONSORS USE MOMENTUM 18. THE PENSION PROMISE AND THE SHADOW ASSET
TECHNIQUES TO PICK VALUE MANAGERS? Trillion Magazine, June, 1987
(with Mark Edwards)
Financial Analysts Journal, March/April 1992 17. PORTFOLIO INSURANCE: IS IT FOR
EVERYONE? ANYONE? (editor)
31. THE CONTRIBUTION OF THE TRADE DESK Trillion Magazine, April, 1987
(with Mark Edwards), Trader Forum, 1991
16. THE TAXONOMY OF TRADING STRATEGIES
30. THE FIVE W'S AND AN H TRADING STRATEGIES AND EXECUTION COSTS
The What, Why, Where, When, Who and How of Trading Katrina F. Sherrerd, Editor
(with Mark Edwards) Institute of Chartered
Journal of Portfolio Management, Fall, 1991 Financial Analysts, 1987

29. TRANSACTION COST: 15. PIECING THE PUZZLE OF '84 PERFORMANCE


MEASUREMENT AND CONTROL Pensions & Investment Age, March 18, 1985
(With Robert D. Arnott)
Financial Analysts Journal 14. SOUTH AFRICAN DIVESTMENT:
November/December 1990 THE INVESTMENT ISSUES
(with Allen Emkin and Richard Dixon)
28. TRANSACTION COSTS: Financial Analysts Journal
WHAT DO INVESTORS PAY FOR? November/December 1984
Canadian Economic Review, Fall 1990 (Graham and Dodd Scroll winner)

27. THE NEXT NYSE CHAIRMAN? 13. MONITORING EXECUTIONS


ONLY THE BOLD NEED APPLY INVESTMENT MANAGERS HANDBOOK,
Pensions & Investments, May 28, 1990 Sumner Levine, editor
Dow-Jones Irwin, 1980
26. IMPLEMENTATION OF PORTFOLIO
BUILDING: EXECUTION 12. HIGH TRANSACTION COSTS PROVIDE
MANAGING INVESTMENT PORTFOLIOS BEST ARGUMENT FOR INVENTORY FUND
A DYNAMIC PROCESS Pensions & Investment Age, July 31, 1978
(with Jack L. Treynor)
John L. Maginn & Donald L. Tuttle 11. CAN INVENTORY INDEX FUNDS IMPROVE
Warren, Gorham & Lamont, Boston, 1990 EFFECTIVE EQUITY PERFORMANCE?
(CFA Study Guide) (with Carol A. Zipkin)
Financial Analysts Journal, May/June 1978
25. THE COMPLETE GUIDE
TO SECURITIES TRANSACTIONS: 10. YOU CAN LAUGH, BUT INDEXING
Enhancing Investment Performance and Controlling Costs IS HERE TO STAY
John Wiley & Sons, NY, 1989 Pensions and Investments, August 15, 1977

24. THE BLIND MEN AND THE ELEPHANT 9. IS YOUR BOND MANAGER SKILLFUL?
Employee Benefit Plan Review (with Dennis A. Tito)
March, 1989 Pension World, June, 1977

23. A DELICATE BALANCE 8. DEFINITIVE NEW MEASURES OF


Institutional Investor BOND PERFORMANCE ... AND RISK
Money Management Forum, December, 1988 (with Dennis A. Tito)
Pension World, May, 1977
22. BUTTONWOOD II
Financial Analysts Journal, March-April 1988 7. REDUCING THE COST OF STOCK TRADING
"Guest Speaker" Feature (with Larry J. Cuneo)
Financial Analysts Journal
November/December, 1975
6. TEN MYTHS ABOUT BETA
(with Stuart R. Quay) 274 THE FUTURE OF EXCHANGES (Moderator)
The Journal of Portfolio Management Inaugural Issue CFA Institute Annual Convention
Fall, 1974 New York,April 29- May 2, 2007

5. NEW CONCEPTS IN PORTFOLIO MANAGEMENT 273 TRANSACTION COST MANAGEMENT SEMINAR


(with Stuart R. Quay) (Two day seminar)
Journal of Bank Research, Summer, 1972 Financial Markets World
New York,April 16-17, 2007
4. THE EFFECT OF DIVERSIFICATION ON RISK
(with Sheila C. Lau) 272 ACHIEVING BEST EXECUTION: A PRACTICAL GUIDE
Financial Analysts Journal (Conference Chairman)
November/December 1971 Financial Markets World
(Graham and Dodd Scroll winner) Best Execution Conference
New York, February 26-27, 2007
3. TELECOMMUNICATIONS EARNINGS
ESTIMATION MODEL: AN EVALUATION 271 INDUSTRY USES AND IMPACT OF REFLOW
(with Larry J. Cuneo and ReFlow Client Seminar
Lawrence Akutagawa) Squaw Valley, February 14-16, 2007
CORPORATE SIMULATION MODELS
Albert N. Schrieber, editor 270 ACHIEVING BEST EXECUTION: A PRACTICAL GUIDE
University of Washington, 1970 Financial World Markets’ Best Execution Conference
New York, January 23, 2007
2. DISCOUNTING ASPECTS OF CAPITAL BUDGETING
IBM Systems Symposium, New York, October, 1963 269 WHY THE FLOOR SHOULD / SHOULD NOT SURVIVE
Institutional Trading Forum 2006: The Quest for Liquidity
1. A LINEAR PROGRAMMING ALGORITHM FOR Santa Monica, November 16, 2006
MUNICIPAL BOND BID SCALING
IBM Systems Symposium 268 NEW DIRECTIONS IN GLOBAL INVESTING
Washington, DC, October, 1962 Dow Jones Indexes Workshop (panel)
Santa Monica, November 7, 2006

PRESENTATIONS 267 PRE- & POST TRADE PROCEDURES: IS YOUR FIRM


COMPLIANT AND COMPETITIVE?
281 THE INCREDIBLE STORY OF (panel with Gene Gohlke)
TRANSACTION COST MANAGEMENT Reg NMS & Soft Dollar Compliance Forum
Keynote Financial Research Associates
Trustees’ Educational Seminar Bethesda, July 17-18, 2006
The Centre for Fiduciary Excellence
Montreal, March 13, 2008 266 ELECTRONIC TRADING TRENDS & PRACTICES
AFFECTING BEST EXECUTION COMPLIANCE (panel)
280 TRANSACTION COST BLUES (Conference Chairman)
(Full day seminar) Reg NMS & Soft Dollar Compliance Forum
ReFlow Symposium Financial Research Associates
Squaw Valley February 6-8, 2008 Bethesda, July 17-18, 2006

279 TRANSACTION COST BLUES 265 THE IMPORTANCE OF PRE- & POST
(Full day seminar) TRADE ANALYTICS
ReFlow Symposium ITG Trade Analytics Workshop
Squaw Valley February 6-8, 2008 Financial Research Associates
Chicago, May 9, 2006
278 WHAT WE’VE LEARNED AND
WHAT WE STILL DON’T KNOW 264 WHAT DOES “BEST EXECUTION” MEAN IN 2005?
(Keynote) Best Execution Industry Symposium
Financial Research Associates Financial Research Associates
New York February 21, 2008 Boston, May 3, 2006

277 TRANSACTION COST MANAGEMENT SEMINAR 263 BEST IN CLASS


(Full day seminar) Jones Trading Annual Meeting
Financial Markets World Santa Monica, April 29, 2006
New York October 22, 2007
262 DECOMMISSIONING THE COMMISSION
276 PERPECTIVES ON TCA TODAY (with Ted Aronson) Transaction Cost Analysis 2006
Plexus Plan Sponsor Group Client Seminar World Research Group
New York, October 18, 2007 New York, April 26, 2006

275 ARE TRADING COSTS THE SECRET TO 261 EYE ON SOFT DOLLARS
TOP QUARTILE PERFORMANCE? (with Steve Glass) 13th Annual Soft Dollar Practices Forum
Wilshire Coop Annual Meetng Institute for International Research
Chicago, October 3, 2007
New York, March 28-29, 2006 247 ELECTRONIC CONVERGENCE OF THE
SECURITIES MARKETS (moderator)
260 ENHANCING MUTUAL FUND PERFORMANCE CFA INSTITUTE ANNUAL CONFERENCE
THROUGH TRADING COST REDUCTION Philadelphia, May 9, 2005
ReFlow Client Seminar
Squaw Valley, Feb 5-7, 2006 246. NASDAQ MARKETPLACE (Moderator)
The New NASDAQ Marketplace Seminar
259. IMPEDIMENTS TO BEST EXECUTION Baruch College Conference
Best Execution workship New York, May 3, 2005
Mutual Fund Directors Forum
New York, Novemberr 17, 2005 245 DEVELOPMENTS IN EQUITY TRADING –
WHAT PORTFOLIO MANAGERS NEED TO KNOW
258 THE EFFECTS OF NEW STANDARDS & REGULATIONS HEADING? (panel)
ON SECURITIES MARKETS AND FIRMS Toronto Society of Analysts
12TH Annual Securities Industry Conference Toronto, April 21, 2005
Pace University
New York, October 19, 2005 244 BEST EXECUTION IN 2005:
WHERE IS TRADING HEADED?
257. EIGHT THINGS A FIDUCIARY MUST KNOW HEADING? (panel)
ABOUT TRANSACTION COSTS (keynote) Asian Investors Conference
Fiduciaries Guide to Trading & transition Management Third Annual Traders’ Forum
Kos Consultants Trading Institute Hong Kong, March 17, 2005
New York, September 28, 2005
243 TRANSACTION COST/BENEFIT ANALYSIS:
256. MEASURING FIXED INCOME TRANSACTION COSTS ITS PLACE IN THE TRADING PROCESS
(with Tom Campfield) Asian Investors Conference
Plexus Group 10th Client Conference Third Annual Traders’ Forum
Aventura, September 20, 2005 Hong Kong, March 17, 2005

255. 80 YEARS AS QUANTS 242 MARKET MICROSTRUCTURE: 7. KEY LESSONS


(with Larry Cuneo) Recent Advances in the Psychology of Trading
Plexus Group 10th Client Conference Market Technicians Association
Aventura, September 20, 2005 MIT, Cambridge, March 11, 2005

254. DECOMMISSIONING THE COMMISSION 241 LONG TERM CONSEQUENCES OF SOFT DOLLAR
Annual Investment Management Compliance Conference DECISIONS ON INVESTORS, MANAGERS, BROKERS &
Glasser Legal Works RESEARCH PROVIDERS
New York, September 13, 2005 12th Annual Soft Dollar Practices Forum
Institute for International Research
253. DECOMMISSIONING THE COMMISSION New York, January 31-February 1, 2005
Market Structure Conference
Financial Markets World 240 TRENDS IN TRADING COSTS
New York, September 13, 2005 ReFlow Client Seminar
Squaw Valley, Feb 6-8, 2005
252. THE BUYSIDE TAKES CONTROL
Desk Traders’ Educational Seminar 239 WHAT DOES “BEST EXECUTION” MEAN IN 2005?
Credit Suisse First Boston Best Execution Industry Symposium
New York, July 21, 2005 Financial Research Associates
New York, January 31 - February 1, 2005
251 TECHNOLOGICAL INNOVATION AND
MARKET STRUCTURE (panel) 238 NEW DEVELOPMENTS IN LISTED TRADING
Global Equity Markets Seminar (Panel)
SWX Swiss Stock Exchange Client Seminar
Zurich, June 27-29, 2005 Direct Trading
San Francisco, January 26, 2005
250. HOW MARKETS ARE CHANGING
Technology Associates Meeting 237 MARKET MICRO-STRUCTURE: SEVEN KEY LESSONS
Cutter Associates, Inc. (Keynote Speech)
New York, June 14, 2005 The Equity Markets Microstructure Seminar
Baruch College
249 RETHINKING HOW TO ACHIEVE AND MONITOR New York, November 11-12, 2004
BEST EXECUTION IN CORPORATE CREDIT MARKETS
HEADING? (panel) 236. HURDLES TO INVESTMENT PERFORMANCE
Fixed Income Forum, New York, May 17, 2005 MacGregor Annual Client Conference
Aventura, FL November 8, 2004
248. USING TCA IN THE COMPENSATION PROCESS
Trader Forum
New Orleans May 14, 2005
235. SURVIVING INCREASED COMPETITION & INCREASED 223. POST TRADE ANALYTICS
SCRUTINY IN THE SECURITIES INDUSTRY (Panel) Technology and Operations for
Annual Securities Industry Conference Institutional Investment Management Conference
Pace University Financial Research Associates
New York, October 21, 2004 New York, February 27, 2004

234. INDEPENDENT RESEARCH: 222. THE TRANSACTION PROCESS:


A ROUNDTABLE DISCUSSION (panel) EVALUATION AND ENHANCEMENT
EVALUATION AND ENHANCEMENT Los Angeles Society of Financial Analysts
Security Analysts of San Francisco Los Angeles, February 11, 2004
San Francisco, September 8, 2004
221. THE TRANSACTION PROCESS:
233. INDEPENDENT RESEARCH: EVALUATION AND ENHANCEMENT
A ROUNDTABLE DISCUSSION (panel) AIMR Webcast taping
EVALUATION AND ENHANCEMENT Charlottesville, January, 2004
Los Angeles Society of Financial Analysts
Los Angeles, September 7, 2004 220. QUANTITATIVE EVALUATION OF BROKERS
Conference Chairman
232. THE TRANSACTION PROCESS: 2004 Best Execution Symposium
EVALUATION AND ENHANCEMENT Financial Research Associates
UNX Seminar on Trading & Exchanges New York, January, 2004
Burbank, June 9, 2004
219. THE TRANSACTION PROCESS:
231. COMPARING TRADING COSTS EVALUATION AND ENHANCEMENT
ACROSS GLOBAL MARKETS (panel) Illinois Public Pension Trustee Seminar
Annual Conference Educational Summit on Best Execution
Federation of European Stock Exchanges Chicago, January 15, 2004
Frankfurt, June 1-3, 2004
218. PREPARING FOR THE FUTURE OF FINANCIAL SERVICES:
230. ACHIEVING BEST EXECUTION THROUGH STRATEGIES FOR AN INDUSTRY IN FLUX
MARKET STRUCTURE DEVELOPMENT (panel) (Moderator)
Electronic & Floor-based Trading Annual Securities Industry Conference
Baruch College Conference Pace University
New York, May 4, 2004 New York, October 23, 2003

29. THE TRANSACTION PROCESS: 217. FIXED INCOME TRADE EVALUATION:


EVALUATION AND ENHANCEMENT A NEW COMPETITIVE EDGE?
Berkeley Masters in Financial Engineering Program Fixed Income Management 2003
Berkeley, April 15, 2004 AIMR, Boston, October, 2003

228. FIXED INCOME TRANSACTION COST ANALYSIS 216. THE NATURE OF INSTITUTIONAL TRADING
Fixed Income Forum Plexus Group 9h Client Conference
Institutional Investor Conferences Napa, September, 2003
Chicago, March 25, 2004
215. PLEXUS GROUP AND JPMORGAN
227. FIXED INCOME TRANSACTION COST ANALYSIS TODAY AND TOMORROW
NASD Corporate Debt Market Panel With John Phinney and Larry Cuneo
Philadelphia, March 17, 2004 Plexus Group 9h Client Conference
Napa, September, 2003
226. THE TRANSACTION PROCESS:
ReFlow Symposium 214. TRANSITIONS: MANAGING MASSIVE PORTFOLIO
Squaw Valley, March 15-16, 2004 RESTRUCTURING
The Art of Indexing Conference
225. THE TRANSACTION PROCESS: Strategic Research Institute
EVALUATION AND ENHANCEMENT Alexandria VA, September 16-17, 2003
Quantitative Work Alliance for Applied Finance,
Education and Wisdom (QWAFAFEW) 213. BEST EXECUTION
San Francisco, March 9, 2004 San Francisco Security Traders Association
San Francisco, September 9, 2003
224. ACCURATE MEASUREMENT OF BEST EXECUTION
Directed Brokerage And 212. PLAN SPONSORS AND TRANSACTION COSTS: WHAT
Soft Dollar Practices Forum SHOULD CONSULTANTS TELL THEIR CLIENTS?
Institute for International Research Consultants Summit
New York, March 1-2, 2004 Opal Financial Group
Snowbird, Utah, June 18-20, 2003

211. TRANSACTIONS EXCELLENCE:


THE COMPANION TO RESEARCH EXCELLENCE
Pensions 2003 Japan
Asset International
Tokyo, June 5-6, 2003 Toronto, October 3, 2002

210. THE INSTITUTIONAL CHALLENGE: 196. WHAT IF WE IMPLEMENTED MYNERS?


ACHIEVING BEST EXECUTION Directed Brokerage and Soft Dollar Practices
2003 AIMR Annual Conference Institute for International Research
Phoenix, May 11-14, 2003 New York, June 20-21, 2002

209. LIQUIDITY AND TRADING STRATEGIES 195. BEST EXECUTION: BURDENSOME OR BOUNTIFUL?
Asset Allocation Conference 2002 AIMR Annual Conference
Institute for International Research Toronto, May 20-22, 2002
Palm Beach, April 30, 2003
194. AIMR’S TRADE MANAGEMENT GUIDELINES
208. THE NATURE OF INSTITUTIONAL TRADING 2002 AIMR Annual Conference
Coping with Institutional Order Flow Toronto, May 20-22, 2002
Baruch College
New York, April 29, 2003 193. UNCOVERING NEW PERFORMANCE IN YOUR OWN
BACK YARD
207. THE NATURE OF INSTITUTIONAL TRADING Montgomery Asset Management Educational Symposium
Institute for Quantitative Research in Finance San Francisco, May 7, 2002
Sea Island, Georgia, March 4, 2003
192. DOES BEST EXECUTION MAKE SENSE? (panel)
206. IMPLEMENTATION OF BEST EXECUTION A Trading Desk’s View of Market Quality
PRACTICES AND MEASURES Baruch College
EQUITY TRADING – THE NEXT REVOLUTION New York, April 30, 2002
AIMR, Chicago, March 24-25, 2003
191. PLEXUS RESEARCH:
205. THE NATURE OF INSTITUTIONAL TRADING THE NEXT GENERATION OF BENCHMARKS
EQUITY TRADING WORKSHOP Plexus Group 8th Client Conference
AIMR, Chicago, March 24-25, 2003 Amelia Island, Florida, February, 2002

204. TESTIMONY ON TRADING 190. AIMR STANDARDS


HOUSE COMMITTEE ON FINANCIAL SERVICES European Trader Forum
Washington DC March 12, 2003 Barcelona, February, 2002

203. TRADING IN TODAY’S MARKETS 189. DECIMAL TRADING –


U.S. Institute PENNIES FROM HEAVEN… OR HELL?
New York, January 27-28, 2003 Practices and Concerns of Institutional Buy-side Desks
The New York Stock Exchange
202 WHAT DO THE GOOD DESKS DO? Palm Beach, December 6-8, 2001
Liquidnet Client Conference EUROPEAN TRADING –
Palm Beach FL, November 3-5, 2002
188. THE INSTITUTIONAL PERSPECTIVE
201. MARKET STRUCTURE HEARINGS European Asset Management:
Securities and Exchange Commission Strategies for the Coming Gold Rush
Washington DC October 29, 2002 The Royal Institute of International Affairs
London, November 5-6, 2001
200. HOW CHANGING MARKET STRUCTURE
IS AFFECTING BEST EXECUTION 187. MANAGING MASSIVE TRANSITIONS
2002 Best Execution Compliance symposium Columbine / Instinet Seminar
Financial Research Associates Colorado Springs, August 5-8, 2001
New York, October 28, 2002
186. DEFINING BEST EXECUTION FOR THE FUND
199. WHAT ARE INSTITUTIONAL TRADERS DOING Institutional Investor Institute
TO PREPARE FOR THE FUTURE? Public Funds Symposium
(Moderator) Santa Fe, July 16-18, 2001
Annual Securities Industry Conference
Pace University 185. MANAGING MASSIVE PORTFOLIO RESTRUCTURINGS
New York, October 24, 2002 Consultants’ Summit
Opal Financial Group
198. TRANSACTION COST ANALYSIS: Newport, RI, June 25-27, 2001
THROUGH THE LOOKING GLASS
(with Rick Di Mascio) 184. BEST EXECUTION:
Third German Roundtable WHAT IT MEANS AND HOW TO ACHIEVE IT
J. P. Morgan AG Investor Services FTSE Global Equities Summit
Frankfurt, October 17, 2002 Information Management Network
Ft. Lauderdale FL, April, 2001
197. BEST EXECUTION: TRADING COSTS
THE INVESTMENT MANAGER’S OBLIGATION
Best Execution Conference
Toronto Stock Exchange
183. INDEXING:
THE PRACTICAL, COST EFFECTIVE APPROACH TO 170. THE SEARCH FOR LIQUIDITY CONTINUES
INSTITUTIONAL EQUITY MANAGEMENT Equities Summit
Indexing and ETFs Summit Information Management Network
Theodor Gilissen Bankiers Orlando, April, 2000
Amsterdam, April, 2001
TRADING COSTS 169. UNDERSTANDING THE TRUE COSTS OF TRADING
The 2000 Client Conference
182. IS ELIMINATING TRACKING ERROR New England Pension Consultants
HAZARDOUS TO YOUR WEALTH? Boston, April, 2000
Indexing and ETFs Summit
Opal Financial Group 168. PREVENTING UNEXPECTED CLIENT DEFECTIONS
Broomfield, CO, March, 2001 Consultants Congress
TRADING COSTS Investment Management Institute
San Francisco, April, 2000
181. DEFINING BEST EXECUTION FOR THE FIRM
Improving Performance through Best Execution 167. NEW STRATEGIES FOR MANAGING
AIMR., Chicago, December, 2000 TRANSACTION COSTS
Public Funds Roundtable
180. MEASURING, CONTROLLING AND ALLOCATING Institutional Investor
TRADING COSTS Coral Gables, Feb 29-Mar 1, 2000
International Foundation of Employee Benefit Plans
Annual Conference. 166. MEASURING, CONTROLLING AND
Honolulu, November, 2000 ALLOCATING TRADING COSTS
In the Best Interests of Our Clients
179. MEASURING, CONTROLLING AND ALLOCATING AIMR
TRADING COSTS Philadelphia, December 7-8, 1999
Client Conference
Cost Effective Management, Inc. 165. CAPTURING THE RESEARCH ADVANTAGE
Toronto, November, 2000 MPT Forum
Shonan Kokusai Mura, Japan, December 3, 1999
178. MEASURING, CONTROLLING AND ALLOCATING
TRADING COSTS 164. ECN’S AND INSTITUTIONAL TRADING
Canadian Index Fund Users Conference Global Investment Technology
TD Securities, Inc. Leadership Roundtable
Toronto, November, 2000 Paris, November 18, 1999

177. MEASURING, CONTROLLING AND ALLOCATING 163. UNCOVERING THE PERFORMANCE POTENTIAL
TRADING COSTS IN YOUR OWN BACKYARD
Information Management Network AMG Affiliate Forum
Glasser Legal Works Phoenix, November 10-12, 1999
Rome, November, 2000
162. HOW TRADING ADDS VALUE TO
176. THE FUTURE OF MARKETS (luncheon speaker) PORTFOLIO MANAGEMENT
Compliance Officers Workshop Schwab Impact 99 Conference
Glasser Legal Works Charles Schwab & Company
New York, June, 2000 San Francisco, November 2, 1999

175. THE FUTURE OF MARKETS (luncheon speaker) 161. HOW TRADING ADDS VALUE TO
Compliance Officers Workshop PORTFOLIO MANAGEMENT
Glasser Legal Works 1999. Annual conference
San Francisco, June, 2000 Security Traders Association
Palm Desert, October 18, 1999
174. MEASUREMENT OF TRANSACTION COSTS
Equity Attribution and Risk Management Symposium 160. EVALUATING NEW TECHNOLOGIES
Newport, R.I., June, 2000 FOR INSTITUTIONAL TRADING
Inquire UK Autumn Seminar
173. MEASURING, CONTROLLING AND Bath Spa Hotel, Bath, September 26-28, 1999
ALLOCATING TRADING COSTS
State Assoc of County Retirement Systems 159. BEST EXECUTION AND THE CHANGING
Trustee Workshop TECHNOLOGY OF THE MARKET
Sacramento, May, 2000 Financial Analysts Seminar
AIMR
172. THE FUTURE OF MARKETS Evanston, Il, July 25-30, 1999
Bloomberg California Traders Seminar
San Francisco, May, 2000

171. CAPTURING THE RESEARCH ADVANTAGE


7th Plexus Group Conference
Ojai, May, 2000
158. BEST EXECUTION AND THE CHANGING
TECHNOLOGY OF THE MARKET 145. TECHNOLOGISTS: THE INTERNET AND ALL THAT
Portfolio Managers’ Workshop (Moderator)
Pacific Coast Stock Exchange Wall Street and Financial Services
San Diego, July 22, 1999 Pace University
New York, October 25, 1998
157. THE SPONSOR’S INTEREST IN TRANSACTION COSTS
Consultants Congress 144. BETTER PERFORMANCE
Investment Management Institute THROUGH BETTER INVESTING
San Francisco, April, 1999 Best Execution Conference
AIMR
156. CONTROLLING LIQUIDITY DURING Philadelphia, October 13, 1998
VOLATILE MARKET CONDITIONS
Equity Trading Summit 143. IMPROVING PERFORMANCE THROUGH TRADING
Information Management Network THROUGH BETTER INVESTING
New York, March 22, 1999 Symposium on Investment Perspectives
Association of Financial Engineers
155. INTERNET TRADING & INSTITUTIONAL INVESTING New York, , June 23, 1998
Wilshire Associates Client Conference
Ojai, March 9, 1999 142. BETTER PERFORMANCE
THROUGH BETTER INVESTING
154. CONTROLLING GLOBAL TRANSACTION COSTS Goldman Sachs Client Conference
Investment Manager Conference Chicago, June 22, 1998
Nomura Securities Ltd.
Tokyo, March 4, 1999 141. BETTER PERFORMANCE
THROUGH BETTER INVESTING
153. CONTROLLING GLOBAL TRANSACTION COSTS AIMR Toronto Society
Plan Sponsor Conference Toronto, June 4, 1998
Nomura Securities Ltd.
Tokyo, March 3, 1999 140. MANAGER STYLE, TRADING COSTS
. . . AND PERFORMANCE
152. CONTROLLING GLOBAL TRANSACTION COSTS Consultants Congress
Plan Sponsor Conference Investment Management Institute
Nomura Securities Ltd. San Francisco, April 20-21, 1998
Osaka, March 1, 1999
139. WHAT ARE WE LOOKING AT HERE:
151. WHAT EVERY PLAN SPONSOR NEEDS TO KNOW What It Costs to Trade,
ABOUT TRANSACTION COSTS What Managers Are Willing to Pay,
(with Steven Glass) or The Value of Research?
IMCA Consultants Conference Berkeley Program in Finance
Santa Monica, Feb 3-4, 1999 Squaw Valley, March 15-17, 1998

150. MANAGING TRANSACTION COSTS 138. LIQUIDITY: THE BRIGHT SIDE OF


1999 Risk Management Conference TRANSACTION COSTS
CBOE/CBOT/LIFFE Jefferies Client Conference
Scottsdale, Jan 27-30, 1999 Whistler, British Columbia, March 6-8, 1998

149. EVALUATING NEW TECHNOLOGIES FOR TRADING 137. DEMONSTRATING HOW DECISIONS ADD VALUE
The Trading Revolution Consultants Congress
IBC Group Investment Management Institute
New York, Jan 25-26, 1999 New York, November 20-21, 1997

148. MANAGING TRADING COSTS 136. IMPLEMENTATION SHORTFALL:


Buyside / Sellside Interactive Discussion THE INTERPLAY OF INVESTMENT AND INVESTING
Superbowl of Indexing Institutional Investment Management Summit
Information Management Network Information Management Network
Palm Springs, Dec 6-9 1998 Rancho Mirage, November 12-15, 1997

147. UNDERSTANDING THE FUND MANAGER’S 135. SEARCH & SELECTION:


CONCERNS FOR BEST EXECUTION ACHIEVING CLIENT OBJECTIVES
Best Solutions for Best Execution Conference Pension Fund Consultants’ Circle
Institute for International Research Information Management Network
New York, November 9-10, 1998 San Francisco, Sept 28-30, 1997

146. LIQUIDITY: 134. TOOLS FOR TRADING WITH EFFICIENCY & CONTROL
THE BRIGHT SIDE OF TRANSACTION COSTS Implementing Global Investment Strategy
Sixth Client Conference AIMR
Plexus Group New York, October 7, 1997
Williamsburg, VA October 22, 1998
133. SEARCHING FOR A QUALITY INVESTING PROCESS 120. EVALUATING A MANAGER’S DYNAMIC PROCESS
Pension Funds Consultants Circle Consultant’s Congress
Information Management Network Investment Management Institute
San Francisco, September 28-30, 1997 San Francisco, Apr 10-11, 1996

132. REGULATIONS IN A NEW ENVIRONMENT 119. THE COST OF TRADING


(Moderator) EXCHANGE VS NASDAQ STOCKS
Charting the Future of Competition, Regulation, and The Search for the Best Price
Technology in the Securities Business. New York Stock Exchange
Pace University New York, March 15, 1996
New York, September 25, 1997
118. HALLMARKS OF A QUALITY INVESTMENT PROCESS
131. SINS OF COMMISSION? Cantor Fitzgerald Master’s Roundtable
THE HARD FACTS ABOUT SOFT DOLLARS (Panel) Crested Butte Co, March 8-11, 1996
Consultants’ Roundtable
Institutional Investor Institute 117. USING DECISION ANALYTICS
Chicago, September 23-24, 1997 TO ENHANCE PERFORMANCE
Trader Forum
130. SOFT DOLLARS AND BEST EXECUTION New York, Feb 1, 1996
Council of Institutional Investors
San Francisco, September 21-23, 1997 116. WHERE MANAGERS ADD VALUE AND
WHERE VALUE SLIPS AWAY
129. ENHANCING PORTFOLIO RETURNS ITG 1995 Conference
THROUGH EFFECTIVE IMPLEMENTATION Tucson, November 12-15, 1995
Financial Analysts Seminar
AIMR 115. BUY-SIDE TRADER PERSPECTIVES (panel)
Evanston, Il, July 20-25, 1997 The Competition for Order Flow
University of Memphis
128. TRADING IN CROSS-LISTED STOCKS Memphis, October 26-27, 1995
Global Equity Issuance And Trading
New York Stock Exchange 114. DECISION VALUE AND IMPLEMENTATION COSTS
Cancun, Mexico, May 9 – 10, 1997 (with Vinod Pakianathan)
Institute for Quantitative Research in Finance
127. BETTER PERFORMANCE THROUGH BETTER PROCESS La Quinta, October 15-18, 1995
Consultants Congress
Investment Management Institute 113. NO FREE LUNCH IN DIRECTED COMMISSIONS
San Francisco, April 28 - 29, 1997 (with Eddie Rabin)
4th Plexus Group Client Conference
126. BETTER INVESTING FOR BETTER INVESTMENT Santa Monica, October 11-13, 1995
Plexus Group Conference V
Rancho Bernardo, April 2-4, 1997 112. INFORMATION HORIZON
(with Vinod Pakianathan)
125. TOOLS FOR TRADING EFFICIENCY AND CONTROL 4th Plexus Group Client Conference
Implementing Global Investment Strategy: Santa Monica, October 11-13, 1995
AIMR -- Spotlight on Asia
Hong Kong, November 4-5, 1996 111. CHEAP ISN'T NECESSARILY GOOD:
OPTIMIZING TRADING COSTS
124. ENSURING YOUR TRADING POLICY IS Controlling Portfolio Costs Seminar
OPERATING EFFICIENTLY TO MAXIMIZE Institute for International Research
PERFORMANCE New York, Sept 18-19, 1995
New Developments in Trade Execution Costs,
Commissions and Disclosure 110. INCREASING RETURNS
Management Circle THROUGH IMPLEMENTATION STYLE
New York, August 13, 1996 Style Management Seminar
Institute for International Research
123. DOES COMMISSION DIRECTION COMPROMISE Toronto, July 18-19, 1995
BEST EXECUTION?
Seattle Plan Sponsor Conference 109. CALCULATING THE TRADING COSTS OF
Salomon Brothers LONG/SHORT INVESTING
Seattle, June 7, 1996 Long/Short Investment Strategies
Institute for International Research
122. EVALUATING A MANAGER’S DYNAMIC PROCESS New York, May 31 - June 1, 1995
Austin Financial Analysts Society
Austin, April 30, 1996 108. INVESTMENT DECISION EVALUATION ANALYSIS
Consultants Congress
121. EVALUATING A MANAGER’S DYNAMIC PROCESS Investment Management Institute
Hiring and Managing Investment Consultants San Francisco, April 12-13, 1995
Management Circle
Dallas, April 29, 1996 107. THE IMPORTANCE OF TRANSACTION STYLE
Pension Investment Association of Canada
Toronto, March 22, 1995 92. WEST COAST BOYS
Dinner Speaker
106. THE HIDDEN COSTS OF SOFT AND Market Technicians Association
DIRECTED TRADING Annual Conference
Soft Dollar Conference San Antonio May 20-22, 1993
Institute for International Research
New York, March 20, 1995 91. TRADING COSTS CANNOT BE
MEASURED FROM TRANSACTION DATA ALONE
105. BEST EXECUTION: DEFINING AND Berkeley Program in Finance
MEASURING TRADING COSTS Squaw Valley March 14-16, 1993
Southern Employee Benefit Conference
Nashville, Oct 19-22, 1994 90. THE MANAGEMENT OF IMPLEMENTATION COSTS
New York Society of Quant. Analysts
104. DEFINING AND MEASURING TRADING COSTS New York, January 21, 1993
Goldman Sachs Conference
London, Sept 26, 1994 89. DEFINING AND MEASURING TRADING COSTS
Wm Mercer Plan Sponsor Conference
103. DEALING WITH DIRECTED COMMISSIONS Richmond, December, 2, 1992
A I M S E Annual Conference
Palm Beach, May 2-4, 1994 88. DEFINING AND MEASURING TRADING COSTS
AIMR Execution Techniques Seminar
102. WHAT DO INSTITUTIONS EXPECT FROM BROKERS Toronto, December 3-4, 1992
& MARKETS AT THE DAWN OF THE 21ST CENTURY?
Pace University Conference 87. TRANSLATING GOOD INVESTMENT IDEAS INTO
New York, April 13, 1994 GOOD PORTFOLIO PERFORMANCE
Nikkei Q Group Seminar
101. HOW DOES INFORMATION CHANGE PRICES? Tokyo, November 10-11, 1992
Plexus Group Client Conference
Rancho Bernardo, March 30-31, 1994 86. BEST EXECUTION
Plexus Group Annual Conference
100. DEALING WITH DIRECTED COMMISSIONS Santa Monica Oct 1-2, 1992
Plexus Group Client Conference
Rancho Bernardo, March 30-31, 1994 85. TRANSLATING GOOD INVESTMENT IDEAS INTO
GOOD PORTFOLIO PERFORMANCE
99. PAEG/L Inquire Conference
Plexus Group Client Conference Edinburgh, Scotland Sept 1992
Rancho Bernardo, March 30-31, 1994
84. SOFT DOLLARS AND BEST EXECUTION
98. HOW TO TRADE NASDAQ STOCKS Institute for International Research
Competition for Order Flow Conference Soft Dollar Conference
University of Memphis New York May 20, 1992
Memphis, March 24-25, 1994
83. MATCHING IMPLEMENTATION STYLE TO
97. HOW TO LOWER GLOBAL TRADING COSTS INVESTMENT MANAGEMENT STYLE
(with Carole Ryavec) AIMR 1992 Annual Conference
AIMR San Antonio, May 3-6, 1992
Investing Worldwide V
Rancho Mirage Feb 13-15, 1994 82. WHAT YOU SEE IS WHAT YOU GET.
WHAT YOU DON'T SEE GETS YOU.
96. UNDERSTANDING THE INFORMATION Security Analysts of San Francisco
IMPLICATIONS OF QUALITY MANAGEMENT San Francisco, April 16, 1992
(with Keith Ambachtsheer)
AIMR, Toronto, October 11-13, 1993 81. WHAT TO DO AND WHEN TO DO IT:
A TAXONOMY OF TRADING TECHNIQUES
95. MEASURING THE TRUE COST OF TRADING D.A.I.S. Conference
Financial Analysts Seminar La Quinta, March 17, 1992
Evanston, July 25-30, 1993
80. BETTER PERFORMANCE THROUGH
94. BEST EXECUTION: A TOOL BETTER IMPLEMENTATION
FOR PERFORMANCE ENHANCEMENT Montreal Trust Seminar
Investment Mgt Consultants Assn. Toronto, February 14, 1992
Western Regional Seminar
Los Angeles June 25, 1993 79. TRADING -- EFFICIENCY AND VALUE:
ARE YOU GETTING IT?
93. THE SEARCH FOR BEST EXECUTION: Foundation & Endowments Roundtable
WHERE DOES IT BEGIN AND END? Boston, June 26-27, 1991
Transaction Cost Colloquium
Goldman Sachs 78. TRADING PLACES: MAN VS MACHINE ON
New York June 16, 1993 THE TRADING DESK AND TRADING FLOOR
Pensions & Investments Conference
Washington, June 19-20, 1991 65. THE PENSION SPONSOR'S INTEREST
IN TRANSACTION COSTS
77. TRADING AND IMPLEMENTATION: WHAT IS ADDED? The West Coast Sponsor's Forum
WHAT IS TAKEN AWAY? Investment Management Institute
Global Roundtable San Diego, November 16-18, 1989
(Institutional Investor Institute)
Boston, May 16-17, 1991 64. DOES TRADING MAKE A DIFFERENCE?
Eager Associates Client Conference
76. MARKET MICROSTRUCTURE Innesbrook, FL November 10, 1989
Institute for Quantitative Research in Finance
Jacksonville, March 29-31, 1991 63. TRADING IN TOMORROW'S ENVIRONMENT
The Institutional Equity Business:
75. DADDY, WHERE DO TRADES COME FROM? Evolution or Revolution
A TAXONOMY OF MANAGER MOTIVATIONS (Sponsored by Paine Webber)
Black Box Conference New York November 9, 1989
(Waters Information Services)
New York November 7-8, 1990 62. TRADING INTERNALLY MANAGED FUNDS
Internal Management of Pension Assets
74. REDUCED TRANSACTION COSTS = Investment Management Institute
IMPROVED PERFORMANCE New York November 8-9, 1989
Boston Security Analysts Society
Boston September 20, 1990 61. DOES TRADING MAKE A DIFFERENCE?
Columbine Quantitative Seminar
73. EVERYONE CONSPIRES TO HIDE Colorado Springs, Aug 14-16, 1989
TRANSACTION COSTS
Corporate Pension Plans Conference 60. TRADING COSTS: ANALYZING THEIR
Investment Management Institute IMPACT ON PERFORMANCE
New York August 2-3. 1990 Portfolio Management Conference
Investment Management Institute
72. LIQUIDITY, TRANSACTION COSTS Boston, May 23, 1989
AND TRANSACTION MECHANISMS
Tomorrow's Stock Market: What Will It Look Like? 59. THE SPONSOR'S INTERESTS IN SECURITIES TRADING
Pension Investment Assn of Canada Chicago Pension Forum
Toronto, June 27th, 1990 Chicago, April 18, 1989

71. A NEW FRAMEWORK FOR 58. THREE IMPEDIMENTS TO EXCELLENT EXECUTION


IMPLEMENTATION EVALUATION New Equity Trading Alternatives
National Organization of Investment Professionals Institute for International Research
Washington, May 7-8, 1990 New York, February 15-16, 1989

70. A NEW FRAMEWORK FOR 57. THE EMERGENCE OF THE BUY-SIDE TRADER
IMPLEMENTATION EVALUATION Portfolio Management Conference
TraderForum Investment Management Institute
TUCSON, April 19-21, 1990 Boston, November 10-11, 1988

69. IS THE AGENCY AUCTION MARKET 56. PENSION PLANS & INVESTMENT OBJECTIVES
WORTH PRESERVING? Institute for Quantitative Research in Finance
Midwest Finance Association San Diego, October 2-4, 1988
Chicago, March 29-31, 1990
55. THE BASICS OF PENSION FINANCE
68. IS THE AGENCY AUCTION//** MARKET National Association of State
WORTH PRESERVING? Retirement Officers
Financial Investment Management Annual Convention
Exposition and Conference Boston August 28-31, 1988
Los Angeles, March 27-28,1990
54. AUCTION MARKETS AND CROSSING MARKETS
67. WHAT DO YOU PAY FOR TRANSACTION New Directions in Portfolio
COSTS? -- AN EQUATION Management Conference
(With Keith P. Ambachtsheer) Investment Management Institute
Profitable Strategies for Trading New York June 29-30, 1988
(Investment Management Institute)
New York, February 7-8, 1990 53. CURRENT TRENDS IN INVESTMENT MANAGEMENT
Midwest Pension Conference
66. WHAT PORTFOLIO MANAGERS Cincinnati, May 4-6, 1988
SHOULD EXPECT FROM THEIR TRADER
Investment Analysts Society of Chicago 52. USING YOUR MASTER TRUSTEE TO
Chicago, January 11, 1990 REDUCE FUND TRANSACTION COSTS
Master Trust/Custody Conference
Institute for International Research
New York March 2-3, 1988
51. THE MARKET MAKING/SPECIALIST SYSTEM: 38. WHAT KIND OF PORTFOLIO INSURANCE
SHOULD IT BE CHANGED? SHOULD YOU BUY?
Market Liquidity Conference Practical Portfolio Insurance Techniques
Investment Management Institute Investment Management Institute
New York, February 8, 1988 New York, November 5-6, 1986

50. LESSONS FROM THE CRASH OF '87 37. DYNAMIC HEDGING - WHAT IS IT?
Cincinnati Pension Group HOW DOES IT WORK? WHO USES IT? (panel)
Cincinnati, January 12, 1988 California Association of
Public Retirement Systems Conference
49. PROGRAM TRADING Ontario, CA October 24, 1986
Church Pensions Conference
New Orleans, December 4, 1987 36. TRANSACTION COSTS:
WHAT YOU SPEND AND WHAT YOU GET
48. A TAXONOMY OF TRADING TECHNIQUES Conference on Transaction Costs, Performance
Trading Strategies and Execution Costs Measurement, and Performance Fees
Institute of Chartered Financial Analysts (Investment Management Institute)
New York, December 3, 1987 New York, October 20, 1986

47. THE CROSSING NETWORK 35. CONTROLLING TRANSACTION COSTS


St. Louis Pension Study Group The Financial Analysts Seminar
St. Louis, November 20. 1987 Financial Analysts Federation
Rockford, IL, August 3-8, 1986
46. PORTFOLIO INSURANCE IN PENSION MANAGEMENT
Financial Management Association 34. PACKAGE TRADING
17th Annual meeting European Portfolio Invest. Colloquium
Las Vegas, October 14-17, 1987 European Institute of Business Administration
Fontainbleau, FR. May 21-23, 1986
45. STRUCTURED INVESTMENT TECHNIQUES
Innovations in Money Management 33. EVALUATING TRADE EXECUTION
Investment Management Institute Trader Forum
Atlanta, October 15-16, 1987 Institutional Investor
New York, January 30-31, 1986
44. THE CROSSING NETWORK
Dallas/Fort Worth Pension Group 32. DIVESTMENT AND FIDUCIARY
Dallas, September 24, 1987 RESPONSIBILITY: AN OVERVIEW (panel)
Socially Responsible Investing Conference
43. PROGRAM TRADING AND MARKET EFFICIENCY Liberty Hill Foundation
Equity Markets and Valuation Methods Los Angeles, November 15, 1985
Institute of Chartered Financial Analysts
San Francisco, Sept 21-22, 1987 31. PACKAGE TRADING
Seminar on the Analysis of Securities Prices
42. THE CROSSING NETWORK Chicago, November 7-8, 1985
(with Edward C. Story)
Electronic Trading Conference 30. FINANCIAL IMPACT OF DIVESTITURE
(Institute for International Research) California State Teachers'
New York, June 11-12, 1987 Retirement System Roundtable
Sacramento, November 14, 1985
41. TRADING TECHNOLOGY
IN MONEY MANAGEMENT (panel) 29. SOUTH AFRICAN DIVESTMENT (panel)
Innovative Technology in Money Mgt. Institute for Quantitative Research in Finance
(Investment Management Institute) Scottsdale, AZ, Fall, 1985
Chicago, March 12-13 1987
28. THE WILSHIRE 5000 INDEX FUND
40. CROSSING NETWORKS (panel) Client Conference
Pension Group East Conference Boston Safe Deposit & Trust
White Plains, March 10, 1987 Innesbrook, FL, October, 1985

39. IDENTIFYING AND UNDERSTANDING THE MANY 27. LOW TURNOVER/PASSIVE INVESTING -
DIMENSIONS OF RISK IS THIS THE FUTURE?
Equity Hedging Techniques Conference Southern Pension Conference
Hot Springs, VA, October 16-19, 1985
(Conference Chairman)
Institute for International Research 26. FINANCIAL CONSEQUENCES OF DIVESTMENT
New York, February 24-25, 1987 Higher Education and South Africa:
Divestment and Campus Disruption
National Association of College and University Attorneys
Washington, DC, Sept 5-6, 1985
11. AUTOMATING PORTFOLIO REVIEW
25. SOUTH AFRICAN DIVESTMENT Joint National Meeting:
Wilshire Associates Client Conference The Institute of Management Science
Los Angeles, Spring, 1985 Operations Research Society
San Juan, Puerto Rico, Oct 1974
24. TRANSACTING THINLY TRADED STOCKS
Trading Costs and Trading Strategies 10. TRADING COSTS
(Berkeley Program in Finance) (with Larry J. Cuneo)
Yosemite, April 14-17, 1985 Seminar on the Analysis of Security Prices
Chicago, May 18-19, 1972
23. USES AND ABUSES OF PERFORMANCE DATA
Wilshire Associates' Client Conference 9. MODERN PORTFOLIO MANAGEMENT
Los Angeles, Spring, 1984 Institute for Quantitative Research in Finance
Hanover, NH, Fall, 1971
22. CORE PORTFOLIO STRUCTURING/
REBALANCING: STRATEGIES AND COSTS 8. MANAGING PORTFOLIOS USING
Institute for Quantitative Research in Finance CAPITAL ASSET PRICING THEORY
Hilton Head, NC, Spring, 1984 Conference on Financial Applications of
Operations Research
21. THE TRUST UNIVERSE COMPARISON SERVICE (panel) Canadian Operations Research Society
New York Society of Security Analysts Montreal, Fall, 1971
New York, September, 1983
7. THE CAPITAL ASSET PRICING SIMULATOR
20. A CONTRACT ON THE WILSHIRE 5000 INDEX? (with David E. Besenfelder)
Conference on Futures and Indexes 5TH Conf. on Applications of Simulation
Financial Analysts Federation The Institute of Management Sciences
New York, 1983 New York, December 8-10, 1971

19. THE INVENTORY FUND 6. TELECOMMUNICATIONS EARNINGS


Trust Conference ESTIMATION MODEL: AN EVALUATION
(American Bankers Association) (with Larry J. Cuneo
Washington, DC, Fall, 1978 and Lawrence Akutagawa)
Corporate Simulation Models (TIMS)
18. INVENTORY FUNDS: CONCEPTS AND IMPLICATIONS SEATTLE, March 23-25, 1970
FOR SPONSORS, INVESTMENT MANAGERS AND
BROKER-DEALERS 5. TELECOMMUNICATIONS EARNINGS
(with Carol A. Zipkin) ESTIMATION MODEL
Institute for Quantitative Research in Finance (with Larry J. Cuneo and Lawrence Akutagawa)
West Point, Spring, 1978 Third Conf. on Applications of Simulation
(The Institute of Management Science)
17. BOND PORTFOLIO ANALYSIS Los Angeles, December 8-10, 1969
Institute for Quantitative Research in Finance
Silverado, CA Fall, 1977 4. A STOCK PRICE SCREENING SYSTEM
Seminar on the Analysis of Security Prices
16. INDEXING AND INDEX FUNDS Chicago, May 16-17, 1968
Bessemer Pension Institute
San Francisco, Fall, 1977 3. QUANTITATIVE TECHNIQUES FOR
INVESTMENT MANAGEMENT
15. INDEX FUNDS AND PASSIVE MANAGEMENT Investment/67 Conference
The Chicago Analysts Society Los Angeles, September, 1967
Chicago, Spring, 1977
2. DISCOUNTING ASPECTS OF CAPITAL BUDGETING
14. THE INDEX FUND AS MARKET MAKER IBM Systems Symposium
Institute for Quantitative Research in Finance New York, October, 1963
Scottsdale, AZ Fall, 1976
1. A LINEAR PROGRAMMING ALGORITHM FOR
13. WILL THE GUARANTEED RETURN CONTRACT MUNICIPAL BOND BID SCALING
REPLACE THE FIXED INCOME MANAGER? IBM Systems Symposium
(panel moderator) Washington, DC, October, 1962
4TH Inst Investor Bond Conference
Institutional Investor
New York, October 12-13, 1976

12. PENSION MANAGEMENT AND THE


GUARANTEED CONTRACT
Financial Analysts Federation Conference
San Diego, September 19-22, 1976