TST Interviews Wayne Wagner: Cutting Costs Through Self-Analysis

THIS WEEK'S LEAD STORIES

Wayne Wagner is a founding partner of Plexus Group, a Santa Monica, Cal.-based investment advisory firm. He is the author of The Complete Guide to Securities Transactions (John Wiley & Sons, 1989).

Wagner helped set up Plexus Group because of the "slippage" he noticed in trading costs between index funds and funds that were actively managed. The slippage, he points out, amounts to some $10 billion a year in the U.S. Plexus seeks to recover some of these costs for active money managers through

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