The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.40 per cent in December, trailing the 0.73 per cent return of the HFRX Global Hedge Fund Index.
For the fourth quarter, the Wilshire Liquid Alternative IndexSM returned 1.51 per cent, in line with the 1.50 per cent return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“For the quarter, systematic and discretionary global macro strategies contributed positively, while currency strategies detracted,” says Jason Schwarz (pictured), President of Wilshire Funds Management and Wilshire Analytics. “The majority, if not all of the performance of CTAs, came from the equity space as interest rates, currencies and commodities were more range bound and lacking in trends.”
