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Back to all Wilshire Associates Incorporated announcements

WILSHIRE TRUST UNIVERSE COMPARISON SERVICE® SHOWS INSTITUTIONAL INVESTOR PERFORMANCE CUT BY HALF QUARTER-TO-QUARTER

Institutional investors generally saw third quarter returns of approximately half of what they were in the second quarter, according to the Wilshire Trust Universe Comparison Service® (Wilshire TUCS®), a cooperative effort between Wilshire Analytics, the investment technology unit of Wilshire Associates, and custodial organizations. TUCS, the most widely accepted benchmark for the performance of institutional assets, includes approximately 1,450 plans representing $3.12 trillion in assets.

The median performance of all master trusts for the year ended September 30, 2007 was 14.29 percent with a third quarter return of 2.01 percent. The median performance of corporate pension plans was 2.04 percent for the quarter and 14.21 percent for the year while public pension funds median performance was 2.16 percent for the quarter and 14.16 percent for the year. The third quarter performance for foundations and endowments was 2.06 percent and 16.59 percent for the year. Taft Hartley funds median performance was 1.93 percent for the quarter and 12.50 percent for the year. Non-profits saw a median performance of 2.06 percent in the third quarter and 15.76 percent for the past 12 months.

“There are several factors that explain the superior returns,” said Hilarie C. Green, CFA, managing director and head of Wilshire Analytics' Performance Reporting division. “The first is asset allocation; the largest plans have a greater allocation to the non-traditional asset classes which have outperformed the traditional asset classes recently. Additionally, the asset class returns are higher for the large funds indicating superior manager selection and the positive effects of manager diversification within the asset class,” she noted.