BRI Partners Teams With Wilshire Associates For New Absolute Return Index

May 24 2017 | 10:35pm ET

Wilshire Associates has launched a new index in conjunction with BRI Partners that aims to provide investible access to the long-only beta risk of equity hedge fund strategies. 

The new index, named the BRI Dynamic Growth & Value Index, uses a systematic, rules-based approach to create a dynamic portfolio of equities that deliver the same risk/return profile as the long component of equity hedge funds, the companies said in a joint statement. It leverages various selection criteria metrics such as value, growth and volatility to identify large-cap and mid-cap equities for index inclusion.

“Wilshire Analytics is proud to introduce this second Powered by Wilshire index from BRI,” said Michael Kennedy, managing director at Wilshire Associates. “Analytical and calculation expertise from Wilshire combined with an innovative, rules-based index approach in the alternatives space from BRI clearly showcase the advantage of [this] approach, which helps clients bring to market more quickly new investment benchmark strategy ideas.

“The launch of BRI’s second index Powered by Wilshire is another important milestone for us as we continue to build a diverse family of indexes that measure alternative beta,” added Adam Brass, founder of BRI.

“The market is demanding low-cost, transparency, scalability and liquidity [and] BRI’s indexes provide the apparatus to deliver just that; efficient, investable beta index strategies that help quantify and demystify both absolute return and alternative hedge fund strategies,” he added.

Founded in 2001 as a hedge fund seeder, BRI Partners divested the hedge fund companies in its portfolio and re-established itself as a creator and licensor of investable beta hedge fund indexes. The company also specializes in research focused on quantifying, analyzing and demystifying the risk and alpha in alternative strategies. 

Founded in 1972, Wilshire Associates is an independent investment consulting and services firm that provides plan sponsors, investment managers and financial intermediaries with a wide range of services. Its business units include Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets, and it is home to the Wilshire 5000 Total Market Index. Based in Santa Monica, California, the firm provides services to clients in more than 20 countries representing more than 500 organizations with assets totaling more than $7 trillion.

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