Wilshire Associates has rolled out five new liquid alternative indices that will track the performance of specific classes of liquid alternative mutual funds, the Santa Monica-based company said Wednesday. 

In August, Wilshire introduced the Wilshire Liquid Alternative Index, which values alternative mutual funds based on their track record, their correlation to stocks and fixed-income performance, and the funds' overall assets under management. 

The five new indices, which will together make up the Wilshire Liquid Alternatives Index, are: equity hedge index; event driven index; global macro index; relative value index; and the multi-strategy index. 

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.