Wilshire Associates (Wilshire®) today announced the launch of a new index Powered by Wilshire℠, the BRI Dynamic Growth & Value Index℠ (BRIDGV). The new index, created and owned by BRI Partners, LLC (BRI) and calculated by Wilshire, is designed to deliver a true benchmark and efficient investible access to the long-only beta risk of equity hedge fund strategies.
The BRI Dynamic Growth & Value Index uses a systematic, rules-based approach to create a dynamic portfolio of equities that deliver the same risk/return profile as the long component of equity hedge funds. The index leverages various selection criteria metrics such as value, growth and volatility to identify large-cap and mid-cap equities for index inclusion.
“Wilshire Analytics is proud to introduce this second Powered by Wilshire index from BRI. Analytical and calculation expertise from Wilshire combined with an innovative, rules-based index approach in the alternatives space from BRI clearly showcase the advantage of a Powered by Wilshire approach, which helps clients bring to market more quickly new investment benchmark strategy ideas,” commented Michael R. Kennedy, Managing Director at Wilshire Associates.
“The launch of BRI’s second index Powered by Wilshire is another important milestone for us as we continue to build a diverse family of indexes that measure alternative beta,” said Adam Brass, founder of BRI. “Our alignment with Wilshire brings deep index calculation and analytical expertise which complement sand helps BRI differentiate as a leading creator of alternative beta indexes designed for investors, financial advisors and consultants. The market is demanding low-cost, transparency, scalability and liquidity. BRI’s indexes provide the apparatus to deliver just that; efficient, investable beta index strategies that help quantify and demystify both absolute return and alternative hedge fund strategies,” added Brass.
For more information about the newly launched BRI index, please visit http://wilshire.com/indexes/poweredbywilshire/bri-dynamic-growth-and-value-index