Money Management

Wilshire Funds Management adds managing director

Jim Gentleman was named managing director at Wilshire Funds Management, spokeswoman Tess Rodriguez said.

It is a new position. Mr. Gentleman, who started July 30, will "support Wilshire's efforts to identify and develop solutions around asset allocation advice, model portfolio delivery, manager research outsourcing and alternative investment strategies," a Wilshire news release said.

Mr. Gentleman, who spent six years at Wilshire from 2006 to 2012, was previously a director at Fulcrum Asset Management, said Bill O'Sullivan, also a director. The money manager is currently reviewing his position.

Wilshire Funds Management, a business unit of Wilshire Associates, has $185 billion in assets under management and $50 billion in AUM on a discretionary basis.