2023 Outsourced Chief Investment Officer Survey

Provider Profiles


Wilshire

Profile
Business Model§ OCIO + other
Year Entered Into OCIO Business2001
No. of Relationship Managers/Salespeople0
No. of OCIO Portfolio Managers5
OCIO % of Total Firm Revenue7%
No. of Clients, Full Discretion19
Full Discretionary Assets
Total Full Discretionary OCIO Assets$11.6b
Discretionary Assets by Fund Type
Defined Benefit$4.3b
401(k), 403(b), Other DC$5.8b
Endowments/Foundation$748mm
Healthcare Pools (Board designated, funded depreciation)$128mm
Other$649mm
Portfolio Construction
Wilshire’s approach to portfolio construction is a top-down process. Our portfolio management team structures portfolios within asset classes taking into account broad portfolio considerations including benchmark choice and risk budgeting parameters. Also considered is the level of active management used and type of investment styles represented. Finally, investment managers are identified and “tested” as part of the portfolio structure. Our many analytical tools provide a distinct advantage in this regard as we can evaluate numerous scenarios and consider the combined style or factor exposures represented. Our OCIO model is differentiated from some of our peers in that it is highly customizable. We do not offer one size fits all solutions.
§OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line.

OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines.

Implemented consulting: i.e. consulting firm that also has discretion over assigned assets.

Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products.

Other: OCIO Platform is something other than the 4 types listed above.