For the month of November, the DJIA was up 2.52%, the Wilshire 5000 rose 2.48%, and the Barclays Aggregate Bond Index returned 0.70%. Meanwhile, the Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, was up 0.57%, driven mainly by the strong performance of global macro managers.
Jason Schwarz is president of Wilshire Funds Management, the business unit of Wilshire Associates that delivers investment management services and solutions to financial institutions globally and has over $150 billion in assets under advisement. With nearly two decades of industry experience, Jason and his team recently launched the Wilshire Liquid Alternative Indices in conjunction with Wilshire Analytics, Wilshire's investment technology foundation. The seven index suite aims to provide relevant broad-market and strategy-specific benchmarks for the performance of the '40 Act closed-end mutual fund universe which employs liquid alternative strategies.