How to Kill a Black Swan Remy Briand and David Owyong ...
How to Kill a Black Swan Remy Briand and David Owyong ...
How to Kill a Black Swan Remy Briand and David Owyong ...
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www.journalofindexes.com<br />
Vol. 12 No. 4<br />
features<br />
<strong>How</strong> To <strong>Kill</strong> A <strong>Black</strong> <strong>Swan</strong><br />
By <strong>Remy</strong> <strong>Bri<strong>and</strong></strong> <strong>and</strong> <strong>David</strong> <strong>Owyong</strong> ..........10<br />
A road map for managing risk in times of crisis.<br />
Benchmarking Policy Portfolios<br />
By <strong>David</strong> Krein ...........................18<br />
A look at the importance of a well-fitted benchmark.<br />
An Interview With Susan Mangiero<br />
By Journal of Indexes Edi<strong>to</strong>rs ..................22<br />
A pension risk management expert considers 2008.<br />
<strong>How</strong> To Minimize Your Cost Of Trading ETFs<br />
By Gary Gastineau . ........................24<br />
Trading ETFs is different from trading s<strong>to</strong>cks.<br />
The Future Of Portable Alpha<br />
By Sabrina Callin <strong>and</strong> Steve Jones. ............32<br />
Portable alpha must adapt <strong>to</strong> the new era of risk.<br />
The Fiduciary Principle<br />
By John Bogle. ............................38<br />
A clarion call for a return <strong>to</strong> fiduciary responsibility.<br />
Managing The Risks In Ourselves<br />
By <strong>David</strong> Blitzer ...........................42<br />
2008 was part of the normal boom <strong>and</strong> bust cycle.<br />
Fly On The Wall<br />
By Dave Nadig . ...........................56<br />
<strong>How</strong> Dow components are really chosen.<br />
news<br />
CVC To Buy iShares … Or Maybe Not ..........44<br />
Dow Jones Rebr<strong>and</strong>s Two Index Families .......44<br />
Grim Results For Active Managers In 2008 . .....44<br />
MacroMarkets Closes Oil Fund, Cancels Housing IPO 44<br />
Indexing Developments ....................45<br />
Around The World Of ETFs . .................47<br />
Back To The Futures .......................49<br />
Know Your Options . .......................49<br />
From The Exchanges .......................49<br />
On The Move . ............................49<br />
data<br />
Selected Major Indexes ................... 51<br />
Returns Of Largest U.S. Index Mutual Funds .. 52<br />
U.S. Market Overview In Style ............... 53<br />
U.S. Economic Sec<strong>to</strong>r Review .............. 54<br />
Exchange-Traded Funds Corner ............ 55<br />
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18<br />
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POSTMASTER: Send all address changes <strong>to</strong> Charter Financial Publishing Network, Inc., P.O. Box 7550, Shrewsbury, N.J. 07702. Reproduction, pho<strong>to</strong>copying or<br />
incorporation in<strong>to</strong> any information-retrieval system for external or internal use is prohibited unless permission is obtained in writing beforeh<strong>and</strong> from the Journal Of<br />
Indexes in each case for a specific article. The subscription fee entitles the subscriber <strong>to</strong> one copy only. Unauthorized copying is considered theft.<br />
www.journalofindexes.com July/August 2009<br />
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