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
SCRUTINY IN THE SECURITIES INDUSTRY (Panel)
Annual Securities Industry Conference
Pace University
New York, October 21, 2004
234. INDEPENDENT RESEARCH:
A ROUNDTABLE DISCUSSION (panel)
EVALUATION AND ENHANCEMENT
Security Analysts of San Francisco
San Francisco, September 8, 2004
233. INDEPENDENT RESEARCH:
A ROUNDTABLE DISCUSSION (panel)
EVALUATION AND ENHANCEMENT
Los Angeles Society of Financial Analysts
Los Angeles, September 7, 2004
232. THE TRANSACTION PROCESS:
EVALUATION AND ENHANCEMENT
UNX Seminar on Trading & Exchanges
Burbank, June 9, 2004
231. COMPARING TRADING COSTS
ACROSS GLOBAL MARKETS (panel)
Annual Conference
Federation of European Stock Exchanges
Frankfurt, June 1-3, 2004
230. ACHIEVING BEST EXECUTION THROUGH
MARKET STRUCTURE DEVELOPMENT (panel)
Electronic & Floor-based Trading
Baruch College Conference
New York, May 4, 2004
29. THE TRANSACTION PROCESS:
EVALUATION AND ENHANCEMENT
Berkeley Masters in Financial Engineering Program
Berkeley, April 15, 2004
228. FIXED INCOME TRANSACTION COST ANALYSIS
Fixed Income Forum
Institutional Investor Conferences
Chicago, March 25, 2004
227. FIXED INCOME TRANSACTION COST ANALYSIS
NASD Corporate Debt Market Panel
Philadelphia, March 17, 2004
226. THE TRANSACTION PROCESS:
ReFlow Symposium
Squaw Valley, March 15-16, 2004
225. THE TRANSACTION PROCESS:
EVALUATION AND ENHANCEMENT
Quantitative Work Alliance for Applied Finance,
Education and Wisdom (QWAFAFEW)
San Francisco, March 9, 2004
224. ACCURATE MEASUREMENT OF BEST EXECUTION
Directed Brokerage And
Soft Dollar Practices Forum
Institute for International Research
New York, March 1-2, 2004
223. POST TRADE ANALYTICS
Technology and Operations for
Institutional Investment Management Conference
Financial Research Associates
New York, February 27, 2004
222. THE TRANSACTION PROCESS:
EVALUATION AND ENHANCEMENT
Los Angeles Society of Financial Analysts
Los Angeles, February 11, 2004
221. THE TRANSACTION PROCESS:
EVALUATION AND ENHANCEMENT
AIMR Webcast taping
Charlottesville, January, 2004
220. QUANTITATIVE EVALUATION OF BROKERS
Conference Chairman
2004 Best Execution Symposium
Financial Research Associates
New York, January, 2004
219. THE TRANSACTION PROCESS:
EVALUATION AND ENHANCEMENT
Illinois Public Pension Trustee Seminar
Educational Summit on Best Execution
Chicago, January 15, 2004
218. PREPARING FOR THE FUTURE OF FINANCIAL SERVICES:
STRATEGIES FOR AN INDUSTRY IN FLUX
(Moderator)
Annual Securities Industry Conference
Pace University
New York, October 23, 2003
217. FIXED INCOME TRADE EVALUATION:
A NEW COMPETITIVE EDGE?
Fixed Income Management 2003
AIMR, Boston, October, 2003
216. THE NATURE OF INSTITUTIONAL TRADING
Plexus Group 9h Client Conference
Napa, September, 2003
215. PLEXUS GROUP AND JPMORGAN
TODAY AND TOMORROW
With John Phinney and Larry Cuneo
Plexus Group 9h Client Conference
Napa, September, 2003
214. TRANSITIONS: MANAGING MASSIVE PORTFOLIO
RESTRUCTURING
The Art of Indexing Conference
Strategic Research Institute
Alexandria VA, September 16-17, 2003
213. BEST EXECUTION
San Francisco Security Traders Association
San Francisco, September 9, 2003
212. PLAN SPONSORS AND TRANSACTION COSTS: WHAT
SHOULD CONSULTANTS TELL THEIR CLIENTS?
Consultants Summit
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
210. THE INSTITUTIONAL CHALLENGE:
ACHIEVING BEST EXECUTION
2003 AIMR Annual Conference
Phoenix, May 11-14, 2003
209. LIQUIDITY AND TRADING STRATEGIES
Asset Allocation Conference
Institute for International Research
Palm Beach, April 30, 2003
208. THE NATURE OF INSTITUTIONAL TRADING
Coping with Institutional Order Flow
Baruch College
New York, April 29, 2003
207. THE NATURE OF INSTITUTIONAL TRADING
Institute for Quantitative Research in Finance
Sea Island, Georgia, March 4, 2003
206. IMPLEMENTATION OF BEST EXECUTION
PRACTICES AND MEASURES
EQUITY TRADING – THE NEXT REVOLUTION
AIMR, Chicago, March 24-25, 2003
205. THE NATURE OF INSTITUTIONAL TRADING
EQUITY TRADING WORKSHOP
AIMR, Chicago, March 24-25, 2003
204. TESTIMONY ON TRADING
HOUSE COMMITTEE ON FINANCIAL SERVICES
Washington DC March 12, 2003
203. TRADING IN TODAY’S MARKETS
U.S. Institute
New York, January 27-28, 2003
202 WHAT DO THE GOOD DESKS DO?
Liquidnet Client Conference
Palm Beach FL, November 3-5, 2002
201. MARKET STRUCTURE HEARINGS
Securities and Exchange Commission
Washington DC October 29, 2002
200. HOW CHANGING MARKET STRUCTURE
IS AFFECTING BEST EXECUTION
2002 Best Execution Compliance symposium
Financial Research Associates
New York, October 28, 2002
199. WHAT ARE INSTITUTIONAL TRADERS DOING
TO PREPARE FOR THE FUTURE?
(Moderator)
Annual Securities Industry Conference
Pace University
New York, October 24, 2002
198. TRANSACTION COST ANALYSIS:
THROUGH THE LOOKING GLASS
(with Rick Di Mascio)
Third German Roundtable
J. P. Morgan AG Investor Services
Frankfurt, October 17, 2002
197. BEST EXECUTION:
THE INVESTMENT MANAGER’S OBLIGATION
Best Execution Conference
Toronto Stock Exchange
Toronto, October 3, 2002
196. WHAT IF WE IMPLEMENTED MYNERS?
Directed Brokerage and Soft Dollar Practices
Institute for International Research
New York, June 20-21, 2002
195. BEST EXECUTION: BURDENSOME OR BOUNTIFUL?
2002 AIMR Annual Conference
Toronto, May 20-22, 2002
194. AIMR’S TRADE MANAGEMENT GUIDELINES
2002 AIMR Annual Conference
Toronto, May 20-22, 2002
193. UNCOVERING NEW PERFORMANCE IN YOUR OWN
BACK YARD
Montgomery Asset Management Educational Symposium
San Francisco, May 7, 2002
192. DOES BEST EXECUTION MAKE SENSE? (panel)
A Trading Desk’s View of Market Quality
Baruch College
New York, April 30, 2002
191. PLEXUS RESEARCH:
THE NEXT GENERATION OF BENCHMARKS
Plexus Group 8th Client Conference
Amelia Island, Florida, February, 2002
190. AIMR STANDARDS
European Trader Forum
Barcelona, February, 2002
189. DECIMAL TRADING –
PENNIES FROM HEAVEN… OR HELL?
Practices and Concerns of Institutional Buy-side Desks
The New York Stock Exchange
Palm Beach, December 6-8, 2001
EUROPEAN TRADING –
188. THE INSTITUTIONAL PERSPECTIVE
European Asset Management:
Strategies for the Coming Gold Rush
The Royal Institute of International Affairs
London, November 5-6, 2001
187. MANAGING MASSIVE TRANSITIONS
Columbine / Instinet Seminar
Colorado Springs, August 5-8, 2001
186. DEFINING BEST EXECUTION FOR THE FUND
Institutional Investor Institute
Public Funds Symposium
Santa Fe, July 16-18, 2001
185. MANAGING MASSIVE PORTFOLIO RESTRUCTURINGS
Consultants’ Summit
Opal Financial Group
Newport, RI, June 25-27, 2001
184. BEST EXECUTION:
WHAT IT MEANS AND HOW TO ACHIEVE IT
FTSE Global Equities Summit
Information Management Network
Ft. Lauderdale FL, April, 2001
TRADING COSTS
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
Portfolio Managers’ Workshop
Pacific Coast Stock Exchange
San Diego, July 22, 1999
157. THE SPONSOR’S INTEREST IN TRANSACTION COSTS
Consultants Congress
Investment Management Institute
San Francisco, April, 1999
156. CONTROLLING LIQUIDITY DURING
VOLATILE MARKET CONDITIONS
Equity Trading Summit
Information Management Network
New York, March 22, 1999
155. INTERNET TRADING & INSTITUTIONAL INVESTING
Wilshire Associates Client Conference
Ojai, March 9, 1999
154. CONTROLLING GLOBAL TRANSACTION COSTS
Investment Manager Conference
Nomura Securities Ltd.
Tokyo, March 4, 1999
153. CONTROLLING GLOBAL TRANSACTION COSTS
Plan Sponsor Conference
Nomura Securities Ltd.
Tokyo, March 3, 1999
152. CONTROLLING GLOBAL TRANSACTION COSTS
Plan Sponsor Conference
Nomura Securities Ltd.
Osaka, March 1, 1999
151. WHAT EVERY PLAN SPONSOR NEEDS TO KNOW
ABOUT TRANSACTION COSTS
(with Steven Glass)
IMCA Consultants Conference
Santa Monica, Feb 3-4, 1999
150. MANAGING TRANSACTION COSTS
1999 Risk Management Conference
CBOE/CBOT/LIFFE
Scottsdale, Jan 27-30, 1999
149. EVALUATING NEW TECHNOLOGIES FOR TRADING
The Trading Revolution
IBC Group
New York, Jan 25-26, 1999
148. MANAGING TRADING COSTS
Buyside / Sellside Interactive Discussion
Superbowl of Indexing
Information Management Network
Palm Springs, Dec 6-9 1998
147. UNDERSTANDING THE FUND MANAGER’S
CONCERNS FOR BEST EXECUTION
Best Solutions for Best Execution Conference
Institute for International Research
New York, November 9-10, 1998
146. LIQUIDITY:
THE BRIGHT SIDE OF TRANSACTION COSTS
Sixth Client Conference
Plexus Group
Williamsburg, VA October 22, 1998
145. TECHNOLOGISTS: THE INTERNET AND ALL THAT
(Moderator)
Wall Street and Financial Services
Pace University
New York, October 25, 1998
144. BETTER PERFORMANCE
THROUGH BETTER INVESTING
Best Execution Conference
AIMR
Philadelphia, October 13, 1998
143. IMPROVING PERFORMANCE THROUGH TRADING
THROUGH BETTER INVESTING
Symposium on Investment Perspectives
Association of Financial Engineers
New York, , June 23, 1998
142. BETTER PERFORMANCE
THROUGH BETTER INVESTING
Goldman Sachs Client Conference
Chicago, June 22, 1998
141. BETTER PERFORMANCE
THROUGH BETTER INVESTING
AIMR Toronto Society
Toronto, June 4, 1998
140. MANAGER STYLE, TRADING COSTS
. . . AND PERFORMANCE
Consultants Congress
Investment Management Institute
San Francisco, April 20-21, 1998
139. WHAT ARE WE LOOKING AT HERE:
What It Costs to Trade,
What Managers Are Willing to Pay,
or The Value of Research?
Berkeley Program in Finance
Squaw Valley, March 15-17, 1998
138. LIQUIDITY: THE BRIGHT SIDE OF
TRANSACTION COSTS
Jefferies Client Conference
Whistler, British Columbia, March 6-8, 1998
137. DEMONSTRATING HOW DECISIONS ADD VALUE
Consultants Congress
Investment Management Institute
New York, November 20-21, 1997
136. IMPLEMENTATION SHORTFALL:
THE INTERPLAY OF INVESTMENT AND INVESTING
Institutional Investment Management Summit
Information Management Network
Rancho Mirage, November 12-15, 1997
135. SEARCH & SELECTION:
ACHIEVING CLIENT OBJECTIVES
Pension Fund Consultants’ Circle
Information Management Network
San Francisco, Sept 28-30, 1997
134. TOOLS FOR TRADING WITH EFFICIENCY & CONTROL
Implementing Global Investment Strategy
AIMR
New York, October 7, 1997
133. SEARCHING FOR A QUALITY INVESTING PROCESS
Pension Funds Consultants Circle
Information Management Network
San Francisco, September 28-30, 1997
132. REGULATIONS IN A NEW ENVIRONMENT
(Moderator)
Charting the Future of Competition, Regulation, and
Technology in the Securities Business.
Pace University
New York, September 25, 1997
131. SINS OF COMMISSION?
THE HARD FACTS ABOUT SOFT DOLLARS (Panel)
Consultants’ Roundtable
Institutional Investor Institute
Chicago, September 23-24, 1997
130. SOFT DOLLARS AND BEST EXECUTION
Council of Institutional Investors
San Francisco, September 21-23, 1997
129. ENHANCING PORTFOLIO RETURNS
THROUGH EFFECTIVE IMPLEMENTATION
Financial Analysts Seminar
AIMR
Evanston, Il, July 20-25, 1997
128. TRADING IN CROSS-LISTED STOCKS
Global Equity Issuance And Trading
New York Stock Exchange
Cancun, Mexico, May 9 – 10, 1997
127. BETTER PERFORMANCE THROUGH BETTER PROCESS
Consultants Congress
Investment Management Institute
San Francisco, April 28 - 29, 1997
126. BETTER INVESTING FOR BETTER INVESTMENT
Plexus Group Conference V
Rancho Bernardo, April 2-4, 1997
125. TOOLS FOR TRADING EFFICIENCY AND CONTROL
Implementing Global Investment Strategy:
AIMR -- Spotlight on Asia
Hong Kong, November 4-5, 1996
124. ENSURING YOUR TRADING POLICY IS
OPERATING EFFICIENTLY TO MAXIMIZE
PERFORMANCE
New Developments in Trade Execution Costs,
Commissions and Disclosure
Management Circle
New York, August 13, 1996
123. DOES COMMISSION DIRECTION COMPROMISE
BEST EXECUTION?
Seattle Plan Sponsor Conference
Salomon Brothers
Seattle, June 7, 1996
122. EVALUATING A MANAGER’S DYNAMIC PROCESS
Austin Financial Analysts Society
Austin, April 30, 1996
121. EVALUATING A MANAGER’S DYNAMIC PROCESS
Hiring and Managing Investment Consultants
Management Circle
Dallas, April 29, 1996
120. EVALUATING A MANAGER’S DYNAMIC PROCESS
Consultant’s Congress
Investment Management Institute
San Francisco, Apr 10-11, 1996
119. THE COST OF TRADING
EXCHANGE VS NASDAQ STOCKS
The Search for the Best Price
New York Stock Exchange
New York, March 15, 1996
118. HALLMARKS OF A QUALITY INVESTMENT PROCESS
Cantor Fitzgerald Master’s Roundtable
Crested Butte Co, March 8-11, 1996
117. USING DECISION ANALYTICS
TO ENHANCE PERFORMANCE
Trader Forum
New York, Feb 1, 1996
116. WHERE MANAGERS ADD VALUE AND
WHERE VALUE SLIPS AWAY
ITG 1995 Conference
Tucson, November 12-15, 1995
115. BUY-SIDE TRADER PERSPECTIVES (panel)
The Competition for Order Flow
University of Memphis
Memphis, October 26-27, 1995
114. DECISION VALUE AND IMPLEMENTATION COSTS
(with Vinod Pakianathan)
Institute for Quantitative Research in Finance
La Quinta, October 15-18, 1995
113. NO FREE LUNCH IN DIRECTED COMMISSIONS
(with Eddie Rabin)
4th Plexus Group Client Conference
Santa Monica, October 11-13, 1995
112. INFORMATION HORIZON
(with Vinod Pakianathan)
4th Plexus Group Client Conference
Santa Monica, October 11-13, 1995
111. CHEAP ISN'T NECESSARILY GOOD:
OPTIMIZING TRADING COSTS
Controlling Portfolio Costs Seminar
Institute for International Research
New York, Sept 18-19, 1995
110. INCREASING RETURNS
THROUGH IMPLEMENTATION STYLE
Style Management Seminar
Institute for International Research
Toronto, July 18-19, 1995
109. CALCULATING THE TRADING COSTS OF
LONG/SHORT INVESTING
Long/Short Investment Strategies
Institute for International Research
New York, May 31 - June 1, 1995
108. INVESTMENT DECISION EVALUATION ANALYSIS
Consultants Congress
Investment Management Institute
San Francisco, April 12-13, 1995
107. THE IMPORTANCE OF TRANSACTION STYLE
Pension Investment Association of Canada
 Toronto, March 22, 1995
106. THE HIDDEN COSTS OF SOFT AND
DIRECTED TRADING
Soft Dollar Conference
Institute for International Research
New York, March 20, 1995
105. BEST EXECUTION: DEFINING AND
MEASURING TRADING COSTS
Southern Employee Benefit Conference
Nashville, Oct 19-22, 1994
104. DEFINING AND MEASURING TRADING COSTS
Goldman Sachs Conference
London, Sept 26, 1994
103. DEALING WITH DIRECTED COMMISSIONS
A I M S E Annual Conference
Palm Beach, May 2-4, 1994
102. WHAT DO INSTITUTIONS EXPECT FROM BROKERS
& MARKETS AT THE DAWN OF THE 21ST CENTURY?
Pace University Conference
New York, April 13, 1994
101. HOW DOES INFORMATION CHANGE PRICES?
Plexus Group Client Conference
Rancho Bernardo, March 30-31, 1994
100. DEALING WITH DIRECTED COMMISSIONS
Plexus Group Client Conference
Rancho Bernardo, March 30-31, 1994
99. PAEG/L
Plexus Group Client Conference
Rancho Bernardo, March 30-31, 1994
98. HOW TO TRADE NASDAQ STOCKS
Competition for Order Flow Conference
University of Memphis
Memphis, March 24-25, 1994
97. HOW TO LOWER GLOBAL TRADING COSTS
(with Carole Ryavec)
AIMR
Investing Worldwide V
Rancho Mirage Feb 13-15, 1994
96. UNDERSTANDING THE INFORMATION
IMPLICATIONS OF QUALITY MANAGEMENT
(with Keith Ambachtsheer)
AIMR, Toronto, October 11-13, 1993
95. MEASURING THE TRUE COST OF TRADING
Financial Analysts Seminar
Evanston, July 25-30, 1993
94. BEST EXECUTION: A TOOL
FOR PERFORMANCE ENHANCEMENT
Investment Mgt Consultants Assn.
Western Regional Seminar
Los Angeles June 25, 1993
93. THE SEARCH FOR BEST EXECUTION:
WHERE DOES IT BEGIN AND END?
Transaction Cost Colloquium
Goldman Sachs
New York June 16, 1993
92. WEST COAST BOYS
Dinner Speaker
Market Technicians Association
Annual Conference
San Antonio May 20-22, 1993
91. TRADING COSTS CANNOT BE
MEASURED FROM TRANSACTION DATA ALONE
Berkeley Program in Finance
Squaw Valley March 14-16, 1993
90. THE MANAGEMENT OF IMPLEMENTATION COSTS
New York Society of Quant. Analysts
New York, January 21, 1993
89. DEFINING AND MEASURING TRADING COSTS
Wm Mercer Plan Sponsor Conference
Richmond, December, 2, 1992
88. DEFINING AND MEASURING TRADING COSTS
AIMR Execution Techniques Seminar
Toronto, December 3-4, 1992
87. TRANSLATING GOOD INVESTMENT IDEAS INTO
GOOD PORTFOLIO PERFORMANCE
Nikkei Q Group Seminar
Tokyo, November 10-11, 1992
86. BEST EXECUTION
Plexus Group Annual Conference
Santa Monica Oct 1-2, 1992
85. TRANSLATING GOOD INVESTMENT IDEAS INTO
GOOD PORTFOLIO PERFORMANCE
Inquire Conference
Edinburgh, Scotland Sept 1992
84. SOFT DOLLARS AND BEST EXECUTION
Institute for International Research
Soft Dollar Conference
New York May 20, 1992
83. MATCHING IMPLEMENTATION STYLE TO
INVESTMENT MANAGEMENT STYLE
AIMR 1992 Annual Conference
San Antonio, May 3-6, 1992
82. WHAT YOU SEE IS WHAT YOU GET.
WHAT YOU DON'T SEE GETS YOU.
Security Analysts of San Francisco
San Francisco, April 16, 1992
81. WHAT TO DO AND WHEN TO DO IT:
A TAXONOMY OF TRADING TECHNIQUES
D.A.I.S. Conference
La Quinta, March 17, 1992
80. BETTER PERFORMANCE THROUGH
BETTER IMPLEMENTATION
Montreal Trust Seminar
Toronto, February 14, 1992
79. TRADING -- EFFICIENCY AND VALUE:
ARE YOU GETTING IT?
Foundation & Endowments Roundtable
Boston, June 26-27, 1991
78. TRADING PLACES: MAN VS MACHINE ON
THE TRADING DESK AND TRADING FLOOR
Pensions & Investments Conference
 Washington, June 19-20, 1991
77. TRADING AND IMPLEMENTATION: WHAT IS ADDED?
WHAT IS TAKEN AWAY?
Global Roundtable
(Institutional Investor Institute)
Boston, May 16-17, 1991
76. MARKET MICROSTRUCTURE
Institute for Quantitative Research in Finance
Jacksonville, March 29-31, 1991
75. DADDY, WHERE DO TRADES COME FROM?
A TAXONOMY OF MANAGER MOTIVATIONS
Black Box Conference
(Waters Information Services)
New York November 7-8, 1990
74. REDUCED TRANSACTION COSTS =
IMPROVED PERFORMANCE
Boston Security Analysts Society
Boston September 20, 1990
73. EVERYONE CONSPIRES TO HIDE
TRANSACTION COSTS
Corporate Pension Plans Conference
Investment Management Institute
New York August 2-3. 1990
72. LIQUIDITY, TRANSACTION COSTS
AND TRANSACTION MECHANISMS
Tomorrow's Stock Market: What Will It Look Like?
Pension Investment Assn of Canada
Toronto, June 27th, 1990
71. A NEW FRAMEWORK FOR
IMPLEMENTATION EVALUATION
National Organization of Investment Professionals
Washington, May 7-8, 1990
70. A NEW FRAMEWORK FOR
IMPLEMENTATION EVALUATION
TraderForum
TUCSON, April 19-21, 1990
69. IS THE AGENCY AUCTION MARKET
WORTH PRESERVING?
Midwest Finance Association
Chicago, March 29-31, 1990
68. IS THE AGENCY AUCTION//** MARKET
WORTH PRESERVING?
Financial Investment Management
Exposition and Conference
Los Angeles, March 27-28,1990
67. WHAT DO YOU PAY FOR TRANSACTION
COSTS? -- AN EQUATION
(With Keith P. Ambachtsheer)
Profitable Strategies for Trading
(Investment Management Institute)
New York, February 7-8, 1990
66. WHAT PORTFOLIO MANAGERS
SHOULD EXPECT FROM THEIR TRADER
Investment Analysts Society of Chicago
Chicago, January 11, 1990
65. THE PENSION SPONSOR'S INTEREST
IN TRANSACTION COSTS
The West Coast Sponsor's Forum
Investment Management Institute
San Diego, November 16-18, 1989
64. DOES TRADING MAKE A DIFFERENCE?
Eager Associates Client Conference
Innesbrook, FL November 10, 1989
63. TRADING IN TOMORROW'S ENVIRONMENT
The Institutional Equity Business:
Evolution or Revolution
(Sponsored by Paine Webber)
New York November 9, 1989
62. TRADING INTERNALLY MANAGED FUNDS
Internal Management of Pension Assets
Investment Management Institute
New York November 8-9, 1989
61. DOES TRADING MAKE A DIFFERENCE?
Columbine Quantitative Seminar
Colorado Springs, Aug 14-16, 1989
60. TRADING COSTS: ANALYZING THEIR
IMPACT ON PERFORMANCE
Portfolio Management Conference
Investment Management Institute
Boston, May 23, 1989
59. THE SPONSOR'S INTERESTS IN SECURITIES TRADING
Chicago Pension Forum
Chicago, April 18, 1989
58. THREE IMPEDIMENTS TO EXCELLENT EXECUTION
New Equity Trading Alternatives
Institute for International Research
New York, February 15-16, 1989
57. THE EMERGENCE OF THE BUY-SIDE TRADER
Portfolio Management Conference
Investment Management Institute
Boston, November 10-11, 1988
56. PENSION PLANS & INVESTMENT OBJECTIVES
Institute for Quantitative Research in Finance
San Diego, October 2-4, 1988
55. THE BASICS OF PENSION FINANCE
National Association of State
Retirement Officers
Annual Convention
Boston August 28-31, 1988
54. AUCTION MARKETS AND CROSSING MARKETS
New Directions in Portfolio
Management Conference
Investment Management Institute
New York June 29-30, 1988
53. CURRENT TRENDS IN INVESTMENT MANAGEMENT
Midwest Pension Conference
Cincinnati, May 4-6, 1988
52. USING YOUR MASTER TRUSTEE TO
REDUCE FUND TRANSACTION COSTS
Master Trust/Custody Conference
Institute for International Research
New York March 2-3, 1988
51. THE MARKET MAKING/SPECIALIST SYSTEM:
SHOULD IT BE CHANGED?
Market Liquidity Conference
Investment Management Institute
New York, February 8, 1988
50. LESSONS FROM THE CRASH OF '87
Cincinnati Pension Group
Cincinnati, January 12, 1988
49. PROGRAM TRADING
Church Pensions Conference
New Orleans, December 4, 1987
48. A TAXONOMY OF TRADING TECHNIQUES
Trading Strategies and Execution Costs
Institute of Chartered Financial Analysts
New York, December 3, 1987
47. THE CROSSING NETWORK
St. Louis Pension Study Group
St. Louis, November 20. 1987
46. PORTFOLIO INSURANCE IN PENSION MANAGEMENT
Financial Management Association
17th Annual meeting
Las Vegas, October 14-17, 1987
45. STRUCTURED INVESTMENT TECHNIQUES
Innovations in Money Management
Investment Management Institute
Atlanta, October 15-16, 1987
44. THE CROSSING NETWORK
Dallas/Fort Worth Pension Group
Dallas, September 24, 1987
43. PROGRAM TRADING AND MARKET EFFICIENCY
Equity Markets and Valuation Methods
Institute of Chartered Financial Analysts
San Francisco, Sept 21-22, 1987
42. THE CROSSING NETWORK
(with Edward C. Story)
Electronic Trading Conference
(Institute for International Research)
New York, June 11-12, 1987
41. TRADING TECHNOLOGY
IN MONEY MANAGEMENT (panel)
Innovative Technology in Money Mgt.
(Investment Management Institute)
Chicago, March 12-13 1987
40. CROSSING NETWORKS (panel)
Pension Group East Conference
White Plains, March 10, 1987
39. IDENTIFYING AND UNDERSTANDING THE MANY
DIMENSIONS OF RISK
Equity Hedging Techniques Conference
(Conference Chairman)
Institute for International Research
New York, February 24-25, 1987
38. WHAT KIND OF PORTFOLIO INSURANCE
SHOULD YOU BUY?
Practical Portfolio Insurance Techniques
Investment Management Institute
New York, November 5-6, 1986
37. DYNAMIC HEDGING - WHAT IS IT?
HOW DOES IT WORK? WHO USES IT? (panel)
California Association of
Public Retirement Systems Conference
Ontario, CA October 24, 1986
36. TRANSACTION COSTS:
WHAT YOU SPEND AND WHAT YOU GET
Conference on Transaction Costs, Performance
Measurement, and Performance Fees
(Investment Management Institute)
New York, October 20, 1986
35. CONTROLLING TRANSACTION COSTS
The Financial Analysts Seminar
Financial Analysts Federation
Rockford, IL, August 3-8, 1986
34. PACKAGE TRADING
European Portfolio Invest. Colloquium
European Institute of Business Administration
Fontainbleau, FR. May 21-23, 1986
33. EVALUATING TRADE EXECUTION
Trader Forum
Institutional Investor
New York, January 30-31, 1986
32. DIVESTMENT AND FIDUCIARY
RESPONSIBILITY: AN OVERVIEW (panel)
Socially Responsible Investing Conference
Liberty Hill Foundation
Los Angeles, November 15, 1985
31. PACKAGE TRADING
Seminar on the Analysis of Securities Prices
Chicago, November 7-8, 1985
30. FINANCIAL IMPACT OF DIVESTITURE
California State Teachers'
Retirement System Roundtable
Sacramento, November 14, 1985
29. SOUTH AFRICAN DIVESTMENT (panel)
Institute for Quantitative Research in Finance
Scottsdale, AZ, Fall, 1985
28. THE WILSHIRE 5000 INDEX FUND
Client Conference
Boston Safe Deposit & Trust
Innesbrook, FL, October, 1985
27. LOW TURNOVER/PASSIVE INVESTING -
IS THIS THE FUTURE?
Southern Pension Conference
Hot Springs, VA, October 16-19, 1985
26. FINANCIAL CONSEQUENCES OF DIVESTMENT
Higher Education and South Africa:
Divestment and Campus Disruption
National Association of College and University Attorneys
Washington, DC, Sept 5-6, 1985

25. SOUTH AFRICAN DIVESTMENT
Wilshire Associates Client Conference
Los Angeles, Spring, 1985
24. TRANSACTING THINLY TRADED STOCKS
Trading Costs and Trading Strategies
(Berkeley Program in Finance)
Yosemite, April 14-17, 1985
23. USES AND ABUSES OF PERFORMANCE DATA
Wilshire Associates' Client Conference
Los Angeles, Spring, 1984
22. CORE PORTFOLIO STRUCTURING/
REBALANCING: STRATEGIES AND COSTS
Institute for Quantitative Research in Finance
Hilton Head, NC, Spring, 1984
21. THE TRUST UNIVERSE COMPARISON SERVICE (panel)
New York Society of Security Analysts
New York, September, 1983
20. A CONTRACT ON THE WILSHIRE 5000 INDEX?
Conference on Futures and Indexes
Financial Analysts Federation
New York, 1983
19. THE INVENTORY FUND
Trust Conference
(American Bankers Association)
Washington, DC, Fall, 1978
18. INVENTORY FUNDS: CONCEPTS AND IMPLICATIONS
FOR SPONSORS, INVESTMENT MANAGERS AND
BROKER-DEALERS
(with Carol A. Zipkin)
Institute for Quantitative Research in Finance
West Point, Spring, 1978
17. BOND PORTFOLIO ANALYSIS
Institute for Quantitative Research in Finance
Silverado, CA Fall, 1977
16. INDEXING AND INDEX FUNDS
Bessemer Pension Institute
San Francisco, Fall, 1977
15. INDEX FUNDS AND PASSIVE MANAGEMENT
The Chicago Analysts Society
Chicago, Spring, 1977
14. THE INDEX FUND AS MARKET MAKER
Institute for Quantitative Research in Finance
Scottsdale, AZ Fall, 1976
13. WILL THE GUARANTEED RETURN CONTRACT
REPLACE THE FIXED INCOME MANAGER?
(panel moderator)
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
11. AUTOMATING PORTFOLIO REVIEW
Joint National Meeting:
The Institute of Management Science
Operations Research Society
San Juan, Puerto Rico, Oct 1974
10. TRADING COSTS
(with Larry J. Cuneo)
Seminar on the Analysis of Security Prices
Chicago, May 18-19, 1972
9. MODERN PORTFOLIO MANAGEMENT
Institute for Quantitative Research in Finance
Hanover, NH, Fall, 1971
8. MANAGING PORTFOLIOS USING
CAPITAL ASSET PRICING THEORY
Conference on Financial Applications of
Operations Research
Canadian Operations Research Society
Montreal, Fall, 1971
7. THE CAPITAL ASSET PRICING SIMULATOR
(with David E. Besenfelder)
5TH Conf. on Applications of Simulation
The Institute of Management Sciences
New York, December 8-10, 1971
6. TELECOMMUNICATIONS EARNINGS
ESTIMATION MODEL: AN EVALUATION
(with Larry J. Cuneo
and Lawrence Akutagawa)
Corporate Simulation Models (TIMS)
SEATTLE, March 23-25, 1970
5. TELECOMMUNICATIONS EARNINGS
ESTIMATION MODEL
(with Larry J. Cuneo and Lawrence Akutagawa)
Third Conf. on Applications of Simulation
(The Institute of Management Science)
Los Angeles, December 8-10, 1969
4. A STOCK PRICE SCREENING SYSTEM
Seminar on the Analysis of Security Prices
Chicago, May 16-17, 1968
3. QUANTITATIVE TECHNIQUES FOR
INVESTMENT MANAGEMENT
Investment/67 Conference
Los Angeles, September, 1967
2. DISCOUNTING ASPECTS OF CAPITAL BUDGETING
IBM Systems Symposium
New York, October, 1963
1. A LINEAR PROGRAMMING ALGORITHM FOR
MUNICIPAL BOND BID SCALING
IBM Systems Symposium
Washington, DC, October, 1962