1. Robert D. Arnott is a partner and chairman of the board at Research
Affiliates, LLC, Newport Beach, California.
2. Campbell R. Harvey is a professor of finance at the Fuqua School of
Business, Duke University, Durham, North Carolina, and a research associate at
the National Bureau of Economic Research, Cambridge, Massachusetts.
3. Vitali Kalesnik is a partner and director of research for Europe at
Research Affiliates Global Advisors Ltd., London.
4. Juhani T. Linnainmaa is a professor of business administration at
Dartmouth College, Hanover, New Hampshire, and a research associate at the
National Bureau of Economic Research, Cambridge, Massachusetts.