Research & Commentary

In this note, we utilize a generalization of Wilshire’s asset class grouping (i.e., bucketing) framework to examine the potential role of alternatives within institutional portfolios across two dimensions of diversification: 1) beta diversification (as noted above), and 2) implementation diversification (investing across the public/private liquidity spectrum).

This is Wilshire’s 2022 Report on Corporate Pensions: Funding Levels and Asset Allocation, which reports the aggregate funded status of 258 defined benefit plans sponsored by S&P 500 Index companies.

Wilshire’s 2022 Report on State Retirement Systems: Funding Levels and Asset Allocation covers the aggregatefunded status of over 100 U.S. state-sponsored defined benefit retirement systems. Wilshire has been compiling thesestatistics since 1990.

Joanna Bewick, Senior Vice President and Portfolio Manager, Investment Solutions shares Wilshire’s annual Diverse-Owned Manager Initiative results.