VOL. 1, NO. 1, DECEMBER 1998

Guest Commentary
“Escaping the Either/Or Conundrum,” Marianne M. Jennings, J.D.

Featured Articles
“Asset Allocation and Stock Selection: On the Importance of Active Strategies,” A. Craig MacKinlay, Ph.D.
“The Costs of Trading and the Quest for New Market Structures,” Wayne H. Wagner
”HNWI: Some More Insights,” Charlotte B. Beyer
“How Effective Is Effective Mix,” Jon A. Christopherson, Ph.D., and Frank C. Sabin
“Investing in Emerging Markets: The Fundamental Requisites,” Charles M. Seeger, J.D.
“Modeling Recent Global Volatility,” Vinod Chadrashekaran, Ph.D.
“Portability of Investment Performance,” Marianne K. Smythe, J.D; Robert G. Bagnall, J.D.; and Cherie L. Macauley, J.D.

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