Wilshire Associates Launches The Wilshire iQCOMPOSITE
Composite Creation and Maintenance Solution Addresses Newly Released Composite Performance Reporting Standards
SANTA MONICA, July 11, 2005 –- Continuing its global rollout of The Wilshire iQuantumsm, an integrated performance measurement, performance attribution and risk management solution for multi-currency, multi-asset class portfolios, Wilshire Associates Incorporated today announced the North American launch of The Wilshire iQCompositesm, an automated composite creation, maintenance and reporting solution that is an integral component of The Wilshire iQuantum suite.
“The Wilshire iQComposite was developed specifically to address the performance reporting requirements of the recently revised GIPS® standards. For more than three decades, Wilshire has quickly responded to the changing needs of institutional investment managers by providing the most robust performance and risk analytics in the investment industry,” commented Dennis A. Tito, Chairman and Chief Executive Officer, Wilshire Associates. “The Wilshire iQComposite, and The Wilshire iQuantum of which it is a part, are yet additional examples of our commitment to provide the marketplace with the very best investment technology solutions.”
According to Senior Managing Director Robert J. Raab, Jr., who heads the firm’s Wilshire Analytics business unit, the Wilshire iQComposite is a natural addition to the popular Wilshire Quantum Series, a suite of tools which assists organizations with portfolio analysis, management and reporting. Wilshire Analytics develops and provides superior risk management, portfolio analysis, asset allocation and performance measurement solutions to fund managers, banks, insurers, consultants and other institutional investment organizations around the world.
“The Wilshire iQComposite is designed to provide the investment manager with a solution to streamline the composite maintenance process,” Raab noted. “Our Composite Expression Builder allows firms to automate their composite creation tasks while offering detailed audit trails to assist with the verification process. The Wilshire iQComposite uses a flexible report writer to create presentation-ready composite performance and risk reports. It also offers a single source for all necessary composite disclosures and facilitates the composite and firm definition requirements,” Raab concluded.
The Wilshire iQComposite stores daily portfolio market values, cash flows and returns passed from a firm’s system of record. Alternatively, clients can choose to have iQComposite calculate returns based on GIPS-compliant performance measurement methodologies. The composite administration, audit and verification reports detail portfolio activity within their respective composites and automatically determine which portfolios belong in which composites based on user-defined composite definitions. iQComposite also allows clients to define their firm as set forth in the GIPS standards.
About Wilshire Associates
Wilshire Associates is a leading global investment technology, investment consulting and investment management firm with four business units: Wilshire Analytics, Wilshire Funds Management, Wilshire Consulting, and Wilshire Private Markets. Wilshire Analytics develops and provides superior risk management, portfolio analysis, asset allocation and performance measurement solutions to fund managers, banks, insurers, consultants and other institutional investment organizations around the world.
The firm was founded in 1972, revolutionizing the industry by pioneering the application of investment analytics and research to investment management for the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation.
Wilshire developed the index now known as the Dow Jones Wilshire 5000 Compositesm Index, the first asset/liability models for pension funds, the first U.S. equity style metrics work and many other “firsts” as the firm grew to more than 300 employees serving the investment needs of institutional and high net worth clients around the world.
Based in Santa Monica, CA, Wilshire provides services to clients in more than 20 countries representing in excess of 600 organizations with assets totaling more than US $12.5 trillion. With eight offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. The Wilshire iQuantum and The Wilshire iQComposite are service marks of Wilshire Associates Incorporated, Santa Monica, California. GIPS® is a trademark owned by the CFA Institute. The Dow Jones Wilshire 5000sm Index is calculated and distributed by Dow Jones Indexes pursuant to an agreement between Dow Jones & Company, Inc. and Wilshire Associates Incorporated. Please visit www.wilshire.com for more information.
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