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Alternative Market Briefing

Trailing hedge funds, the Wilshire Liquid Alternative Index ended 2017 up 3.25%

Wednesday, January 10, 2018

Komfie Manalo, Opalesque Asia:

The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, ended 2017 on a positive note and is up 3.25%.

For December, the Index gained 0.40%, trailing the 0.73% return of the HFRX Global Hedge Fund Index, while in the fourth quarter, the Wilshire Liquid Alternative Index returned 1.51%, in line with the 1.50% return of the HFRX Global Hedge Fund Index.

"For the quarter, systematic and discretionary global macro strategies contributed positively, while currency strategies detracted," said Jason Schwarz, Ppesident 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."

The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, returned 0.43% in December and 1.86% for the fourth quarter.

The Wilshire Liquid Alternative Global Macro Index, which includes systematic, discretionary, commodity and currency funds, returned 0.50% during the month, underperforming the 0.82% return of the HFRX Macro/CTA Index. The Index finished the fourth quarter positively, returning, 3.19%, outperforming the 2.61% return of the HFRX Macro/CTA Index. For the qua......................

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