The index outperformed a 0.34% monthly return for the HFRX Global Hedge Fund Index
Santa Monica, Calif., May 16, 2023 – The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.45%in April, outperforming a 0.34% monthly return for the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
Despite the prevailing unease surrounding banking instability, debt ceiling negotiations, a deteriorating geopolitical landscape and weaker corporate earnings, volatility generally fell and equity markets finished positive for the month.
The Wilshire Liquid Alternative Equity Hedge IndexSM ended the month up 0.83%, outperforming the HFRX Equity Hedge Index’s return of 0.61%.
The Wilshire Liquid Alternatives Event Driven IndexSM ended the month up 0.87%, outperforming the HFRX Event Driven Index’s monthly return of -0.51%.
The Wilshire Liquid Alternative Multi-Strategy IndexSM, which includes both single- and multi-manager funds, returned 0.24% in April.
The Wilshire Liquid Alternative Global Macro IndexSM ended the month up 1.22%, underperforming the HFRX Macro/CTA Index’s monthly return of 1.36%.
The Wilshire Liquid Alternative Relative Value IndexSM ended the month up 0.16%, underperforming the HFRXRelative Value Arbitrage Index’s monthly return of 0.25%.
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