After the shuttering of Wilshire Indexes, the indexes space is a little tighter
The IMD Wrap: Max analyzes the winding up of Wilshire Indexes, a venture not yet three years old, and what the move means for the index industry and its consumers.
Just when I was hoping no one had experienced anything disastrous while I was away, I get back, get up and running, and find that Wilshire Indexes, the arm set up by parent asset manager Wilshire to manage and run its in-house indices, was shutting down.
This was news to me—unwelcome news at that—as I’m sure it was to its UK-based staff. Some of its assets were sold off, others transferred back to its parent company, and the rest of the loss-making vendor was summarily placed in administration.
Wh
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Wilshire Indexes shutters, transfers operations
Investment firm Wilshire has told clients that production and publication of all indexes not already sold or returned to the asset manager’s ownership will be discontinued.
