Wilshire Associates will ask Wilshire Target Funds shareholders to approve SR Investment Management as subadviser of the manager-of-manager funds, according to SEC filings. SR Investment will spin off from Wilshire March 31. Thomas D. Stevens and Robert J. Raab Jr. are the senior managers leaving Wilshire to start the new firm.
Affected mutual funds are the Large Company Growth Portfolio, Large Company Value Portfolio, Small Company Growth Portfolio, Small Company Value Portfolio and Wilshire 5000 Index Portfolio series.