Hedge Funds Get New Benchmark Indexes with BRI Partners, LLC

BRI Long/Short Equity Index, ‘Powered by Wilshire, is First in Family of Investable

Benchmarks

 

CHICAGO, IL., March 21, 2017 – BRI Partners today announced that it has launched the next generation of hedge fund indexes beginning with the BRI Long/Short Equity Index (BRILSE), calculated by Wilshire Associates, the first in a family of investable indexes that delivers the beta of hedge fund strategies. BRI Partners has developed eight indexes that will be rolled out over the coming months.

 

Unlike existing hedge fund indexes, the BRI Indexes do not measure the performance of hedge fund managers and, therefore, do not rely on managers to provide a snapshot of month-end results. Decades of economic and academic research are the foundation for each BRI Index, which are built from the risk factors used by hedge funds while avoiding the discretionary, behavioral and business risk of active funds.

 

Uniquely, each BRI index:

  • Provides efficient exposure to the same risk/return profile of hedge fund strategies
  • Does not require hedge fund managers to provide their monthly performance
  • Serves as a true beta benchmark for performance of actively managed funds
  • Assists investors and managers to identify and demystify alpha in active managers

Adam Brass, Founder of BRI Partners, LLC, said, “We have a singular objective to create a family of investable indexes that cost-effectively and efficiently deliver the true beta of alternative strategies. We do not measure hedge fund manager performance, rather, we have identified the risk factors used by hedge funds that measure their beta performance before their strategies seek to capture alpha. This measure provides investors and managers with a vital benchmark that has never been available until now. The timing could not be better.”

 

BRI Partners has aligned with Wilshire Associatesto calculate the daily price of the index and bring that baseline investment strategyto market, made available at a cost that rivals most passive investments available today. “We are proud to alignwith Wilshire to provide investors with the next generation of indexes, which will make it easier to quantify and demystify alternative strategies,” Brass added. “Each index investment strategymade available will be low-cost, transparent, scalable and liquid.”

 

Robert J. Waid, Managing Director at Wilshire Associates., said “Wilshire Analytics is thrilled to help fuel yet another Powered by Wilshire index offering from BRI Partners, LLC. Wilshire’s calculation and analytical expertise combined with BRI’s innovative, proprietary systematic indexes demonstrate the value of a Powered by Wilshire approach which can help clients bring new investment benchmark strategy ideas to market quickly.”

 

For more information, please visit www.brindexsolutions.com

 

 

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 investable 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 its clients and partners to create true value for all.

 

All investing involves risk including the possible loss of principal. The Fund’s achievement of its objectives is not guaranteed. The Fund’s strategies for managing volatility entail their own unique risks and it may not be suitable for some investors due to their financial circumstances and risk tolerance. Futures can be volatile and may cause the Fund’s performance to be volatile. A fluctuation in an individual holding could have a relatively large impact because the Fund is not diversified. The Fund is not actively managed and so will not otherwise take defensive positions in declining markets unless such positions are reflected in the Fund’s benchmark index.

 

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 2 and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.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 Wilshireand Wilshire Bond Indexare service marks of Wilshire Associates Incorporated.

 

* Client assets are as represented by Pensions and Investments (P&I), detailed in P&I’s “Largest Retirement Funds” and P&I’s “Largest Money Managers (U.S. institutional tax-exempt assets)” as of 9/30/15 and 12/31/15, and published 2/8/16 and 5/30/16, respectively).

Visit www.wilshire.com for more information.

 

For further information contact: Meg Bode

Bode & Associates, Inc.

516.869.6610

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