Wilshire Asset Management will assume full responsibility for the four...

Wilshire Asset Management will assume full responsibility for the four target style mutual funds it manages starting May 31. The Dreyfus-Wilshire Target Funds had been administered and distributed by the Dreyfus network. Wilshire decided to take over the funds because executives were unhappy with the lack of promotion from Dreyfus. A Dreyfus spokeswoman said Dreyfus has similar funds and will, therefore, no longer act as distributor for the Target funds. The four funds - large-cap value, large-cap growth, small-cap value and small-cap growth - will be renamed Wilshire Target Funds. The firm will distribute the funds through several networks, including Schwab's.