Wilshire Associates (Wilshire®) today announced the launch of a new index Powered by Wilshire℠, the BRI Dynamic Growth & Value Index℠ (BRIDGV). The new index, created and owned by BRI Partners, LLC (BRI) and calculated by Wilshire, is designed to deliver a true benchmark and efficient investible access to the long-only beta risk of equity hedge fund strategies.
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 index 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. 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 a Powered by Wilshire approach, which helps clients bring to market more quickly new investment benchmark strategy ideas,” commented Michael R. Kennedy, Managing Director at Wilshire Associates.
“Wilshire Analytics is proud to introduce this second Powered by Wilshire index from BRI. 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 a Powered by Wilshire approach, which helps clients bring to market more quickly new investment benchmark strategy ideas,” commented Michael R. Kennedy, Managing Director at Wilshire Associates.
“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,” said Adam Brass, founder of BRI. “Our alignment with Wilshire brings deep index calculation and analytical expertise which complement sand helps BRI differentiate as a leading creator of alternative beta indexes designed for investors, financial advisors and consultants. The market is demanding low-cost, transparency, scalability and liquidity. 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,” added Brass.
For more information about the newly launched BRI index, please visit http://wilshire.com/indexes/
About Wilshire Associates
Wilshire Associates, a leading global financial services firm, provides consulting services, analytics solutions and customized investment solutions to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.
The firm was founded in 1972, providing revolutionary technology and acting as an early innovator in the application of investment analytics and research to investment managers in the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation.
Wilshire developed the Wilshire 5000 Total Market Index and became an early innovator in creating integrated asset/liability analysis/simulation models as well as practical models in risk budgeting through beta and active risk analysis. Wilshire has grown to a firm of approximately 300 employees serving the needs of investors around the world.
Based in Santa Monica, California, Wilshire provides services to clients in more than 20 countries representing more than 500 organizations with assets totaling approximately US $7 trillion.* With ten offices worldwide, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Wilshire® and Wilshire 5000® are registered service marks of Wilshire Associates Incorporated. Wilshire 5000 Total Market Index℠, Powered by Wilshire℠ and Wilshire Bond Index℠ are service marks of Wilshire Associates Incorporated.
Please visit www.wilshire.comfor more information.
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About BRI Partners, LLC
BRI Partners, LLC, was founded in 2001 as a hedge fund seeding company. After divesting of the hedge fund companies in its portfolio it re-established itself as a creator and licensor of investible beta hedge fund indexes. BRI also specializes in research focused on quantifying, analyzing and demystifying the risk and alpha in alternative strategies. BRI strives to be intellectually honest, transparent and focused on quality. BRI is committed to acting with equanimity and engaging in collaborative, open-minded relationships with our clients and our partners to create true value for all.
Please visit http://www.brindexsolutions.