Money Management

Wilshire Funds Management recruits 2 for alternatives

Two executives joined Wilshire Funds Management, confirmed spokeswoman Rebecca Vignali in an email.

Jessica Nicosia was named a vice president while Cian Desmond was named assistant vice president.

Ms. Nicosia will assist in developing the firm's efforts to identify and provide customized alternative investment solutions to clients within Wilshire's business development division. Mr. Desmond will focus on in alternative investment strategies within Wilshire's manager research group.

Ms. Nicosia replaced Monique Miller, while Mr. Desmond replaced Andrew Jarrous, both of whom left Wilshire.

Ms. Nicosia is based in New York and reports to Jason Schwarz, president of Wilshire Funds Management and Wilshire Analytics, while Mr. Desmond is based in Santa Monica, Calif., and reports to Rob Noe, head of Wilshire's manager research group.

Ms. Nicosia was head of marketing at Sentient Investment Management, while Mr. Desmond was director of alternative investment research at Shepherd Kaplan Krochuk. Sentient announced plans to liquidate its hedge fund earlier this year. At Shepherd Kaplan Krochuk, Mr. Desmond was replaced by Rich Blair, a former portfolio analyst for Amherst College's investment office, said spokesman Pete DiLorenzo.

Wilshire Funds Management advised on $184 billion in assets and managed $50 billion on a discretionary basis as of June 30.