The BRI Long Short Equity Index was down -0.03% in March 2017


The BRI Long Short Equity Index was down -0.03% in March 2017

BRI Partner’s Long/Short Equity Index (BRILSE) calculated by Wilshire Associates posted a performance of -0.03% for the month of March, +3.89% for the year-to-date 2017.


March’s performance was largely driven by exposure to Growth-focused names across the Large and MidCap universes.  MidCap Value names were the smallest contributor to the long portfolio and the hedge detracted slightly.

BRIndexes deliver the beta of hedge fund strategies. Unlike existing hedge fund indexes, the BRIndexes 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.



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

BRI Partners has a singular objective to create a family of investable indexes that cost-effectively and efficiently deliver the true beta of alternative strategies. The Indexes identify 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 true beta benchmark.

BRI Partners is bringing this baseline investment strategy to market; the strategy is made available at a cost that rivals most passive investments available today. Wilshire Associates calculates the daily price of the index.  BRIndexes provide investors with the next generation of indexes, which make it easier to quantify and demystify alternative strategies. Each index investment strategy made available will be low-cost, transparent, scalable and liquid.

For more information about BRI Partners, please visit


About BRI Partners, LLC

BRI Partners, LLC, was originally founded in 2001 as a hedge fund seeding company. After divesting of the hedge fund companies in its portfolio in 2013 the original BRI Partners ended its seeding business.  In 2016 the company was reformed, re-establishing 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.

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 Incorporated

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. 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.

The BRI Long/Short Equity Index℠ (“Index”) is based on a methodology designed by BRI Partners, LLC. Wilshire Associates Incorporated (“Wilshire”) calculates and distributes the Index based on the BRI’s methodology. Wilshire makes no representations about the intended purpose of or the methodology used to construct the Index. Wilshire makes no representations regarding the advisability of investing in products based on the Index.  The Index is not sponsored, endorsed, sold or promoted by Wilshire.

Wilshire® and Wilshire 5000® are registered service marks of Wilshire Associates Incorporated. Wilshire 5000 Total Market Indexand Powered by Wilshire are 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).


For more information about Wilshire Associates, please visit



For further information contact:

Meg Bode

Bode & Associates, Inc.

Tel: +1.516.869.6610