Wilshire
Wilshire Associates Inc. was on the selling block in recent months, but the gap between what founder and majority owner Dennis Tito is seeking and what strategic buyers and private equity firms are offering for the Santa Monica, Calif.-based firm couldn't be closed.
Investors have already begun to ax active quant managers hurt by the credit crisis and are putting the brakes on searches for quantitative strategies, consultants say.
Net inflows into corporate defined contribution plans dropped 73% last year to $13.2 billion, reflecting growing maturation of this part of the retirement plan world.
State pension systems moved closer to being fully funded last year, recovering to a level not seen since 2001, according to Wilshire Associates’ annual state pension plan funding and asset allocation report.
The Pension Benefit Guaranty Corp. is abandoning its 4-year-old liability-driven investment policy, reallocating almost $15 billion to equities and alternative investments.
Naming Lawrence Davanzo president and heir apparent at Wilshire Associates is sending a strong signal that Wilshire executives plan to build up the money management unit
