First Look: BRI L/S Equity Index -0.03% In March

April, 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. 

Index

Index Value

Mar 2017

Feb 2017

YTD

2016

3 Year

5 Year

10 Year

BRILSE

363.12

-0.03%

+2.12%

+3.89%

+10.38%

+4.31%

+10.10%

+7.46%

                       

 

March's performance was largely driven by exposure to Value-focused names across the Large and MidCap universes.  This was largely offset by positive contribution from the Growth portfolios as well as the hedge resulting in a slight loss for the Index.

BRIndexes deliver the beta of hedge fund strategies. 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.