According to a Wilshire news release, the new offering 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 announcement said.
Further, 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, Wilshire said. iQComposite also allows clients to define their firm as set forth in the GIPS standards.
“The Wilshire iQComposite is designed to provide the investment manager with a solution to streamline the composite maintenance process,” noted Robert Raab Jr., who heads the firm’s Wilshire Analytics business unit, in the news release. “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 said the new product is designed to work with the Wilshire Quantum Series, a suite of tools which helps organizations with portfolio analysis, management and reporting.