Research & Commentary

In this quarter’s Investment Strategy Update, we evaluate the recent slowing in economic growth, discuss monetary policy, the potential path of inflation, and the impact on our outlook for fixed income given the recent correction in the valuations of corporate credit.

This is Wilshire’s 2022 Report on City & County Retirement Systems: Funding Levels and Asset Allocation, which reports theaggregate funded status of over 100 U.S. city- and county-sponsored defined benefit retirement systems. Wilshire has beencompiling these statistics since 1990.

The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.

In this quarter’s Investment Strategy Update, we evaluate the recent deterioration in economic growth, and distinguish the current environment from historical recessions. We also discuss the outlook for monetary policy, the potential path of inflation, and the impact on our outlook for global markets.

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.

2024 in Review

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