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Tracking error can vary by asset class.
Meanwhile, inequality measured by asset ownership has risen.
Nightwatch is funded by asset forfeitures collected by the Nassau County district attorney's office.
"It would be a manageable deal that would instantly diversify them by asset class and geography".
The index has been used by asset tracing specialists and parliamentary inquiries, and has appeared in peer-reviewed academic journals.
The Fed, and most of the economics profession, has largely chosen to ignore the dangers posed by asset bubbles.
Big firms are sitting on piles of cash and might be goosed into spending some by asset purchases.
Average total compensation enjoyed by asset managers in the biggest financial centres fell from $190,000 to $148,000.
Wachovia, with assets of $411 billion, has been an aggressive acquirer in recent years and ranks as the country's fourth-largest bank by asset size.
But he will need to go further, and work for a ban on donations to comptroller candidates by asset managers who deal with city pensions.
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RiskScape calculates impacts to assets on an individual asset-by-asset basis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com