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Wilshire Commended On New Manager Diversity Initiative

The National Association of Investment Companies applauds Wilshire Consulting for its recently announced inclusivity initiative that will result in institutional investors gaining greater access to the talent within diverse-owned firms. Wilshire Consulting, the Santa Monica, Calif.-based institutional investment advisory and outsourced-CIO business unit of Wilshire Associates, will now include at least one diverse-owned firm in every public securities manager search it conducts for advisory clients, where products are available that fit the client mandate. Wilshire also tied senior consultant compensation to the quality and level of interaction with diverse-owned firms and plans to broaden its diverse-owned manager outreach and create a series...