Clearwater completes acquisition of Wilshire’s analytics solutions

Rick Steves

“Our vision is to create the preeminent investment management solution for firms around the globe. Clearwater’s integrated platform eliminates the need for multiple data reconciliations, serving as a reliable singular source of truth.”

Clearwater Analytics has completed the acquisition of risk and performance analytics solutions from Wilshire Advisors LLC.

The provider of SaaS-based investment management, accounting, reporting, and analytics solutions will now integrate Wilshire Axiom, Wilshire Atlas, Wilshire Abacus, and Wilshire iQComposite in its risk and performance division.

Clearwater expects to pay roughly $40 million for Wilshire’s assets while adding approximately $7 million in annualized revenue.

Clearwater Wilshire Analytics for investment managers and institutional asset owners

Clearwater will enhance Wilshire’s current offerings with the capabilities of its own platform, helping to make Clearwater a leading provider of comprehensive and powerful risk and performance solutions.

Rebranded as Clearwater Wilshire Analytics, the solution will provide powerful analytical capabilities for investment managers and institutional asset owners.

These capabilities will enable decision-makers to run performance attribution (both Brinson-style and factor-based) and risk decomposition of investment portfolios. The ability to add user-defined risk models will allow for risk analysis that can be customized for each client.

Front-office clients will benefit from portfolio construction tools, based on benchmarks and constraints, and allow for back-testing portfolios. Additionally, what-if analysis will empower clients to gauge the potential impact of different investment options and market scenarios on their portfolios.

Clearwater will continue to fulfill the diverse analytics needs of its clients by providing access to standard metrics such as the Sharpe Ratio, Jensen’s Alpha, and more. Detailed security-level computations will be available, allowing for aggregation of results by sector, duration bucket, and more, for entire portfolios.

The composites platform will give asset managers the ability to strategically report on their performance by strategy, facilitating rules-based inclusion and exclusion of portfolios, with a comprehensive audit trail.

Sandeep Sahai, CEO at Clearwater Analytics, said: “Partnering with Wilshire and bringing their robust, time-tested models into our platform is a momentous step for us. Our vision is to create the preeminent investment management solution for firms around the globe. Clearwater’s integrated platform eliminates the need for multiple data reconciliations, serving as a reliable singular source of truth. The addition of these advanced analytics solutions will equip decision makers with extensive insights into their portfolios, reinforcing Clearwater’s dedication to data accuracy, operational efficiency, and client growth.”

Clearwater has acquired Wilshire AxiomSM, Wilshire AtlasSM, Wilshire Abacus, and Wilshire iQComposite, which provide fixed income analytics, equity analytics and performance measurement, accounting, and GIPS compliance support analytics, respectively, and will merge them with its own risk and performance analytics platform.

The new Clearwater Wilshire Analytics platform will help clients calculate performance and risk attribution, assist with security-level portfolio construction, uncover new strategies, access high-quality portfolio models, and identify investment opportunities that maximize returns and mitigate risk.

Clearwater expects to invest in building out a modern front end, broaden coverage of asset classes, and enhance Wilshire’s current offerings with the capabilities of its own platform.

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