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Komfie Manalo, Opalesque Asia: Wilshire Funds Management said that the Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.09% in October (-1.37% YTD).
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month up 1.33%. Following a 10% loss over the last two months, the Wilshire 5000 Total Market Index rebounded sharply in October, posting an 8% gain. After a weaker than expected September jobs report was released at the beginning of the month, equities rallied to have their best month in six years.
The Wilshire Liquid Alternative Global Macro Index, which includes systematic, discretionary, commodity and currency funds, ended October down -0.41%, 53 basis points above the HFRX Macro/CTA Index’s -0.94% loss. "The majority of systematic CTA managers posted negative returns due to the sharp reversal in trends from previous months, while almost every discretionary manager was positive for the month," said Jason Schwarz, president of Wilshire Funds Management. "We continue to see significant dispersion in the global macro space between the best and worst performing managers, which enforces the need for skillful manager due diligence in the liquid alternatives spac...................... To view our full article Click here
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