Wilshire Mutual Fds, Inc. Wilshire Large Company Value Portf Inv Cl · NASDAQ:DTLVX
Wilshire Mutual Fds, Inc. Wilshire Large Company Value Portf Inv Cl — Wilshire Associates — Overview of the Wilshire Axiom Webinar (February 2010)
92 slides from Wilshire Mutual Fds, Inc. Wilshire Large Company Value Portf Inv Cl's conference presentation, Feb 11, 2010
Slide 1: The Wilshire Axiom
Portfolio Analytics Risk Management Performance Attribution Scenario Analysis and Stress Testing Benchmark Comparison What If Trade Analysis February 11, 2010 THE WILSHIRE AXIOM PAGE 1
Slide 2: Overview of the Wilshire Axiom
Overview of the Wilshire AxiomSM THE WILSHIRE AXIOM is an integrated global fixed income portfolio Workspace management system for analytics, risk Data and database management management, Characteristics reporting performance attribution, scenario Wilshire Axiom Global Credit Risk ReportSM a
Slide 3: Wilshire Axiom's Portfolio Management Workspace View
Wilshire Axiom’s Portfolio Management Workspace View Interactive drill down to five layers of sorting in GUI THE WILSHIRE AXIOM PAGE 3
Slide 4: Portfolio Workspace Data Interactivity
Portfolio Workspace Data Interactivity More than 600 columns of data, fully configurable THE WILSHIRE AXIOM PAGE 4
Slide 5: Portfolio Workspace Data Interactivity
Portfolio Workspace Data Interactivity THE WILSHIRE AXIOM PAGE 5
Slide 6: Portfolio Workspace Data Interactivity
Portfolio Workspace Data Interactivity Possible portfolio view configurations: • Classic D1/D2/D3 • Key ey rate ate durations du at o s • Mortgage vintage, WAM, WAC, PSA • Currency/sector/quality • Municipals: Durations and spreads with and without de minimis and other tax effects THE WILSHIRE AXIOM
Slide 7: Portfolio Workspace Data Interactivity
Portfolio Workspace Data Interactivity Possible portfolio view configurations: • Classic D1/D2/D3 • Key ey rate ate durations du at o s • Mortgage vintage, WAM, WAC, PSA • Currency/sector/quality • Municipals: Durations and spreads with and without de minimis and other tax effects THE WILSHIRE AXIOM
Slide 8: Security Master Data Drill Down
Security Master Data Drill Down All security master data accessible through g double click on security identifier THE WILSHIRE AXIOM PAGE 8
Slide 9: Security Master Data Drill Down
Security Master Data Drill Down All security master data accessible through g double click on security identifier THE WILSHIRE AXIOM PAGE 9
Slide 10: What If Bond Trade Analysis
Wilshire Axiom What If Bond Trade Analysis Easily enter proposed Interactive trades and bond swap analysis trades and instantly view On-the-fly "What If" summary reports including durations, cash flow yield, effects on portfolio: average life, sector and quality composition, total risk and Value a
Slide 11: Asset Type Coverage
Asset Type Coverage 144A Bond Forward ABS (multiple) CDX Dedicated data model Alternative Asset CDO for each covered Bank Loan Credit Default Swap asset type fully Bond Currency Forward integrated into DERIVATIVES Cash Currency Future BONDS (Various) Commercial Paper Currency Option valuation analyt
Slide 12: Database and Historical Data
Database and Historical Data Selected Data Providers Interactive Data The Wilshire Axiom database manages hundreds of ABS Bonds benchmarks, thousands of portfolios and more than Mortgages/CMO 5 1 million 5.1 illi fixed fi d iincome iinstruments, t t iincluding l di Municipals Preferred m
Slide 13: Characteristics Reporting
Characteristics Reporting The Wilshire Axiom Menu ReportSM is a powerful, Menu report supports up flexible, customizable report that provides more than to five layers of nested sorting—sorts sorting sorts can be 600 data d t items it to t view i portfolio tf li characteristics h t i ti defined in
Slide 14: Sample Characteristics Report
Sample Characteristics Report THE WILSHIRE AXIOM P A G E 14
Slide 15: Wilshire Axiom API
Wilshire Axiom API Flexible reporting settings for customized and optimal presentation Unparalleled sorting and segmentation capabilities Portfolio and asset characteristics for more than 600 data items, including: The Wilshire Axiom API allows for Book value and yield automatic generation of cust
Slide 16: Wilshire Axiom Process Flowchart
Wilshire Axiom Process Flowchart Data Wilshire Axiom Data Automated daily feeds System Automated Batch Reporting Automated batch Wilshire Data reporting Portfolio Managers Risk Analysts Data feeds f Pricing Direct API access to Terms and database allows easy Conditions Indexes integration to client
Slide 17: Reporting Breadth and Integration
Wilshire Axiom Reporting Breadth and Integration 28 goal specific reporting options Wilshire Axiom provides a single platform for risk, performance attribution, scenario analysis, l i optimization, ti i ti cashh flflow ttesting ti and d more Analyze risk and performance attribution in directly compa
Slide 18: The Wilshire Axiom Global Credit Risk Report
Risk Reporting Wilshire Axiom Global C di Ri Credit Risk kRReport Wilshire Axiom Risk The Wilshire Axiom Global S Summary R ReporttSM Credit Risk Report Wilshire Axiom B Benchmark h kVVariance i ReportSM THE WILSHIRE AXIOM P A G E 18
Slide 19: Risk Analysis in Wilshire Axiom
Risk Analysis in Wilshire Axiom Risk analysis provides detailed ex-ante risk Marginal risk, tracking estimates for portfolios and benchmarks error and VaR Risk measurements include tracking error, total available il bl d down to security level portfolio risk, daily Value at Risk (VaR), relative
Slide 20: Global Credit Risk Report Parameters
Wilshire Axiom Global Credit Risk Report Parameters Multiple covariance matrix options Multiple covariance matrix date options Two concentration report options THE WILSHIRE AXIOM P A G E 20
Slide 21: Global Credit Risk Report Summary Page
Wilshire Axiom Global Credit Risk Report Summary Page THE WILSHIRE AXIOM P A G E 21
Slide 22: Global Credit Risk Report Summary Page
Wilshire Axiom Global Credit Risk Report Summary Page Summary of basic report parameters: risk model used, covariance matrix used, portfolio and benchmark names, base currency for risk analysis THE WILSHIRE AXIOM P A G E 22
Slide 23: Global Credit Risk Report Summary Page
Wilshire Axiom Global Credit Risk Report Summary Page Portfolio and benchmark total risk, tracking error and Value at Risk reported at the right THE WILSHIRE AXIOM P A G E 23
Slide 24: Global Credit Risk Report Summary Page
Wilshire Axiom Global Credit Risk Report Summary Page Portfolio risk risk, benchmark risk and tracking error decomposed by region and by Duration, Term (non parallel yield effects), Sector Quality Sector, Quality, Other Spread Spread, Currency Currency, Specific Risk and covariance across effects TH
Slide 25: Global Credit Risk Report Factor Detail Section
Wilshire Axiom Global Credit Risk Report Factor Detail Section THE WILSHIRE AXIOM P A G E 25
Slide 26: Global Credit Risk Report Factor Detail Section
Wilshire Axiom Global Credit Risk Report Factor Detail Section The factor detail section of the report presents each risk model factor as an individual line item THE WILSHIRE AXIOM P A G E 26
Slide 27: Global Credit Risk Report Factor Detail Section
Wilshire Axiom Global Credit Risk Report Factor Detail Section Portfolio,, Benchmark,, and net factor exposures p (on ( a contribution basis) are presented for each risk model factor THE WILSHIRE AXIOM P A G E 27
Slide 28: Global Credit Risk Report Factor Detail Section
Wilshire Axiom Global Credit Risk Report Factor Detail Section Factor Risk, Portfolio, , Benchmark, , contributions , and to net risk factor byy factor exposures p and marginal (on ( ga contribution tracking errorbasis) by factor are presented are also presented for each risk model factor THE WILSHI
Slide 29: Global Credit Risk Report Security Detail Section
Wilshire Axiom Global Credit Risk Report Security Detail Section THE WILSHIRE AXIOM P A G E 29
Slide 30: Global Credit Risk Report Security Detail Section
Wilshire Axiom Global Credit Risk Report Security Detail Section The security detail section decomposes risk to the holdings level, and supports up to five levels of nested sorting sorting, with subtotaling at each level. Risk, Tracking Error, Value at Risk, and Relative Value at Risk may thus be de
Slide 31: Global Credit Risk Report Security Detail Section
Wilshire Axiom Global Credit Risk Report Security Detail Section Marginal Tracking Errors, Relative Value at Risk, Risk and Relative Value at Risk are presented at the security level THE WILSHIRE AXIOM P A G E 31
Slide 32: Global Credit Risk Concentration Report
Wilshire Axiom Global Credit Risk Concentration Report THE WILSHIRE AXIOM P A G E 32
Slide 33: Global Credit Risk Concentration Report
Wilshire Axiom Global Credit Risk Concentration Report The Concentration Report documents concentration by issuer, in terms of weight weight, relative weight versus the benchmark and contributions to idiosyncratic risk THE WILSHIRE AXIOM P A G E 33
Slide 34: The Wilshire Axiom Global Credit Risk Model
Risk Model Global factor model incorporating yield curve, spread, i fl ti inflation, currency, prepayments and volatility effects The Wilshire Axiom Global Single framework for Credit Risk Model risk and performance attribution Rigorous, quantitative statistical methodologies Value at Risk, ex ante
Slide 35: Global Credit Risk Model
Wilshire Axiom Global Credit Risk Model The Wilshire Axiom Global Credit Risk Model is a Multi factor linear risk proprietary multi factor linear return model that model quantifies tifi the th relationship l ti hi b between t observed b d fi fixed d income market returns and systematic drivers of
Slide 36: Global Credit Risk Model Factor Structure
Wilshire Axiom Global Credit Risk Model Factor Structure Parallel, steepening and curvature term structure factors by currency 33 currency markets and 43 countries covered Prepayment elasticity factors for U.S. MBS market Inflation factors for U.S., U.K., Eurozone, Canada and Japan p USD and Euro de
Slide 37: Global Credit Performance Attribution Report
Performance Attribution Wilshire Axiom Global Credit Performance A ib i R Attribution Report Wilshire Axiom The Wilshire Axiom Global P f Performance Summary Report Credit Performance Attribution ReportSM Wilshire Wil hi A Axiom i API CreditPerformance Class THE WILSHIRE AXIOM P A G E 37
Slide 38: Performance Attribution
Performance Attribution Performance attribution analysis explains the absolute return or net return of a portfolio versus a Filter skill from luck b benchmark h k iin tterms off components t relevant l t tto the th investment management decision process Communicate investment results to The Wils
Slide 39: Multi-Factor Performance Attribution
Multi‐Factor Performance Attribution The Wilshire Axiom Global Credit Performance Attribution presented Attribution Report compares portfolio and benchmark in terms of the returns, t andd evaluates l t theth results lt off investment i t t Wilshire Axiom Global Credit Risk Model decisions based on
Slide 40: Global Credit Performance Attribution Parameters
Wilshire Axiom Global Credit Performance Attribution Parameters Highly articulated, specialized reporting capability Explicitly measure roll down and paydown contributions to return Break out hedge cost, normalize currency returns for average benchmark return or for cross currency interest rate diff
Slide 41: Global Credit Performance Attribution Report Summary
Wilshire Axiom Global Credit Performance Attribution Report Summary As with the Wilshire Axiom Global Credit Risk Report, the Wilshire Axiom Global Credit Performance Attribution Report begins with a summary of the key report parameters: Attribution model, portfolio, benchmark attribution benchmark,
Slide 42: Global Credit Performance Attribution Report Summary
Wilshire Axiom Global Credit Performance Attribution Report Summary Return is decomposed p into key, y, intuitive,, top p level categories. g As withReturn Model the Global Credit captures Risk Report, systematic modelthebased GCPAdrivers Reportof begins return.with a summary Total of thebenchmark p
Slide 43: Global Credit Performance Attribution Report Factor Detail
Wilshire Axiom Global Credit Performance Attribution Report Factor Detail The factor detail section of the report presents a complete attribution to each risk model factor, documenting portfolio, benchmark and net exposures to each factor, along with factor return and factor effect THE WILSHIRE AXIO
Slide 44: Global Credit Performance Attribution Report Security Detail
Wilshire Axiom Global Credit Performance Attribution Report Security Detail THE WILSHIRE AXIOM P A G E 44
Slide 45: Global Credit Performance Attribution Report Security Detail
Wilshire Axiom Global Credit Performance Attribution Report Security Detail The security detail section presents contribution to relative return on a security by security and factor category by factor basis It can be arbitrarily sorted to extract attribution analysis by groups conformable to the inv
Slide 46: The Wilshire Axiom Returns Variance Report
Performance Attribution Allocation/Selection Duration/Allocation/ Selection The Wilshire Axiom Returns Yield/Allocation/ Variance ReportSM Selection Treasury Equivalent Return Model THE WILSHIRE AXIOM P A G E 46
Slide 47: Returns-Based Performance Attribution
Returns‐Based Performance Attribution Returns-based attribution decomposes portfolio returns relative to a benchmark into management effects using only returns and weights Wilshire Axiom offers several models, including: Allocation/Selection Duration/Spread Duration/Allocation/Selection and Yi
Slide 48: Returns Variance Report Parameters
Wilshire Axiom Returns Variance Report Parameters Report is fully functional on a multi- currency basis Sort security level attribution analysis by issuer THE WILSHIRE AXIOM P A G E 48
Slide 49: Returns Variance Example
Wilshire Axiom Returns Variance Example Then the Treasury Theyreport Equivalent pq comprises pReturn a series is p presented of tables g group p by yggroup. p THE WILSHIRE AXIOM P A G E 49
Slide 50: Returns Variance Example
Wilshire Axiom Returns Variance Example First Thenthe thep portfolio Treasury Theand yreport Equivalent pqbenchmark comprises pReturn invested a series is p presented weights ofgtables are g group presented pp by yggroup. p THE WILSHIRE AXIOM P A G E 50
Slide 51: Returns Variance Example
Wilshire Axiom Returns Variance Example Then the Treasury y Equivalent q Return is p presented g group p by y group g p THE WILSHIRE AXIOM P A G E 51
Slide 52: Returns Variance Example
Wilshire Axiom Returns Variance Example Finally Then First Then the yp the the baseattribution returns portfolio Treasury The and ((return yreport tocomprises Allocation, Equivalent pqbenchmark pinReturn the p portfolio Treasury invested a series is p base ygEquivalent presented weights of q currenc
Slide 53: Returns Variance Example
Wilshire Axiom Returns Variance Example Finally Then y the the attribution Treasury q to Allocation, y Equivalent ReturnTreasury is p y Equivalent q g presented group Return, p byyg group. p Selection, and Currency effects is presented THE WILSHIRE AXIOM P A G E 53
Slide 54: Global Scenario Analysis (Forecast) Report
Scenario Analysis and Stress Testing Assess likely performance, conditional upon specified changes in interest rates, spreads and exchange rates at a given horizon Validate portfolio The Wilshire Axiom Global positioning and hedging in dynamic context, i.e., Scenario Analysis beyond duration and con
Slide 55: Scenario Analysis in Wilshire Axiom
Scenario Analysis in Wilshire Axiom The Wilshire Axiom Scenario AnalysisSM Module provides scenario analysis y and stress testing g What if the curve steepens by 100 basis All scenario analysis and stress testing can be performed points with the short on a full OAS revaluation basis for maximum
Slide 56: Global Scenario Analysis Parameters
Wilshire Axiom Global Scenario Analysis Parameters Specify yield shocks in terms of par or spot yield curves Quote exchange rates relative to portfolio base currency or relative to USD Select among catalog of available horizon statistics, including H i Horizon P Price, i Eff Effective ti Duration an
Slide 57: Global Scenario Analysis Definitions
Wilshire Axiom Global Scenario Analysis Definitions Shock option adjusted spreads on through multiplicative scaling and Input additiveyields shocks in offsets terms of key rate shocks or in terms of parallel, Shock anticipated steepening, and prepayment, curvature factors default and recovery rate a
Slide 58: Global Scenario Analysis Definitions
Wilshire Axiom Global Scenario Analysis Definitions Shock option adjusted spreads on through multiplicative scaling and Input additiveyields shocks in offsets terms of key rate shocks or in terms of parallel, Shock anticipated steepening, and prepayment, curvature factors default and recovery rate a
Slide 59: Global Scenario Analysis Definitions
Wilshire Axiom Global Scenario Analysis Definitions Shock option adjusted spreads on through multiplicative scaling and Input additiveyields shocks in offsets terms of key rate shocks or in terms of parallel, Shock anticipated steepening, and prepayment, curvature factors default and recovery rate a
Slide 60: Global Scenario Analysis Report Summary Page
Wilshire Axiom Global Scenario Analysis Report Summary Page Summary y across scenarios of portfolio, p , benchmark and net forecasted return to horizon date, with decomposition to parallel and non-parallel term structure, yield and currency effects THE WILSHIRE AXIOM P A G E 60
Slide 61: Global Scenario Analysis Report Security Detail
Wilshire Axiom Global Scenario Analysis Report Security Detail The security detail report presents security level forecast results with up to five nested levels of sorting and subtotaling THE WILSHIRE AXIOM P A G E 61
Slide 62: Global Scenario Analysis Report Security Detail
Wilshire Axiom Global Scenario Analysis Report Security Detail Top section summarizes basic parameters of scenario analysis report report, and, in security detail section, specifies which horizon statistic is being reported—Total Return in percent, in this case THE WILSHIRE AXIOM P A G E 62
Slide 63: Global Scenario Analysis Report Security Detail
Wilshire Axiom Global Scenario Analysis Report Security Detail Drill down to security level horizon statistics across all scenarios THE WILSHIRE AXIOM P A G E 63
Slide 64: Forecast Analysis
Wilshire Axiom Forecast Analysis Asset-liability Horizon Cash Flows management with 1,400,000 dynamic cash flow 1,200,000 projection 1,000,000 ‐300 bp 800,000 Export to ALM modeling ‐200 bp 600,000 ‐100 bp p systems 400,000 +100 bp 200,000 Horizon Total Return and Book Yield +200 bp 8 Regulatory rep
Slide 65: The Wilshire Axiom Compliance Analysis Report
Compliance The Wilshire Axiom Analyze portfolio composition to identify deviations from policy Compliance Analysis mandates ReportSM Set rules, goals or a custom combination of rules and goals THE WILSHIRE AXIOM P A G E 65
Slide 66: Compliance
Compliance Define compliance rules by portfolio composition More than 60 (sector or quality weightings, country or currency constraint item exposures, etc.) t ) or summary level l l characteristics h t i ti options ti (target duration, D2, D3, minimum cash flow yield, etc.) Three range options:
Slide 67: Compliance Sets
Compliance Sets Create and save multiple compliance sets Store compliance sets independently from portfolios to associate compliance sets with multiple portfolios THE WILSHIRE AXIOM P A G E 67
Slide 68: Compliance Analysis Report
Wilshire Axiom Compliance Analysis Report THE WILSHIRE AXIOM P A G E 68
Slide 69: The Wilshire Axiom Dynamic Cash Flow Testing
DCF Assess likely performance, conditional upon specified changes The Wilshire Axiom in interest rates, spreads andd exchange h rates t att a given horizon Dynamic Cash Flow TestingSM Parallel processing option Integration with Option Adjusted Pricing Model IIntegration t ti withith Asset/Liability
Slide 70: DCF Parameters
DCF Parameters Model the portfolio in Wilshire Axiom using the extensive security database including issue database, data for CMO, CMBS, CDO, RMBS MBS, CLO, ABS and more Load L d scenarios i ffrom actuarial systems Run DCF, incorporating a dedicated data model f each fixed for f income asset type, w
Slide 71: DCF Reporting
DCF Reporting Horizon Statistics Reported The Wilshire Axiom DCF module integrates with actuarial Accrued Interest Amortization interest rate projections to produce monthly cash flows, Book Yield accounting metrics (book yields yields, interest income income, etc etc.)) and Calls C ll (Pri
Slide 72: The Wilshire Axiom and Regulatory Reporting
Regulatory Reporting The Wilshire Axiom and Generate reports for Property/Casualty and Regulatory Reporting Life/Health A.M. Best Company Supplemental Rating Questionnaire (SRQ) data d t with ith native ti Wilshire Axiom functionality THE WILSHIRE AXIOM P A G E 72
Slide 73: A.M. Best SRQ Reporting
A.M. Best SRQ Reporting Wilshire Axiom provides single click integrated reporting support for parts of the A.M. Best PC and Meet current and LH SRQ SRQs related l t d tto iinterest t t rate t risk i k and d exposure evolving compliance, reporting statutory, regulatory and other reporting A.M. Be
Slide 74: Wilshire Axiom's Workspace View
Wilshire Axiom’s Workspace View Wilshire Axiom GUI includes A.M. Best SRQ categories THE WILSHIRE AXIOM P A G E 74
Slide 75: Wilshire Axiom's Workspace View
Wilshire Axiom’s Workspace View Wilshire Axiom GUI single-click A.M. Best SRQ reporting THE WILSHIRE AXIOM P A G E 75
Slide 76: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 76
Slide 77: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 77
Slide 78: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 78
Slide 79: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 79
Slide 80: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 80
Slide 81: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 81
Slide 82: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 82
Slide 83: A.M. Best SRQ Reporting Example
Wilshire Axiom A.M. Best SRQ Reporting Example THE WILSHIRE AXIOM P A G E 83
Slide 84: Additional Wilshire Axiom Tools
Additional Wilshire Axiom Tools Wilshire Axiom Optimization Scenario Optimization Horizon Optimization Index Optimization Dedication Optimization Benchmark Comparison Portfolio Comparison Cash Flow Analysis Cash Flow Risk Profile Benchmark B h k Variance V i Wilshire Axiom Admi
Slide 85: Client Servicing Model
Client Servicing Model A Dedicated Relationship Manager The Wilshire Fixed Income Analytics Team Each client is assigned a dedicated Relationship Manager available for one- one on-one technical support, system maintenance and upgrades, training and regular visits at client’s site Research and Develo
Slide 86: Wilshire Axiom Clients
Wilshire Axiom Clients Wilshire Axiom clients represent a broad Solution of choice spectrum of fixed More than 120 of the world’s world s income asset leading fixed income managers use Wilshire Fixed Income managers: Analytics Central banks Custodial banks Mutual funds Hedge funds Insuranc
Slide 87: Wilshire Associates Incorporated
Wilshire Associates Incorporated Providing quantitative fi financial i l analytics l ti tto Wilshire Associates is a leading global investment technology, investment consulting institutional investors: and investment management firm with four distinct business units including Wilshire Analytics, W
Slide 88: The Wilshire Axiom System
The Wilshire Axiom System Wilshire Proprietar Proprietary Factor Risk Model Portfolio Analytics Performance Attribution Portfolio/Benchmark Variance Factor-based Ex-post analysis Cash Flow and Reporting Returns-based Unparalleled p in scope p 29 factors for U.S. only 450+ factors globally Wilshi
Slide 89: Example of Next Steps
Example of Next Steps Wilshire Fixed Income Analytics’ Standard Process Client sends Wilshire Fixed Income Analytics (FIA) holdings of a selected portfolio for coverage Client and Wilshire FIA Risk Summary meeting: Risk Summary review and report, introduction to Wilshire FIA Relationship Manager
Slide 90: Contact Information
Contact Information Please contact me with any questions, or if you want additional information about Wilshire Axiom or the products/services offered byy Wilshire Fixed Income Analytics y Mark Lewis M Managing i Di Director t anddPPrincipal i i l Direct: 1.310.260.6688 Cell: 1.310.309.7315 Email:
Slide 91: Wilshire Fixed Income Analytics
Wilshire Fixed Income Analytics Mark Lewis, Managing Director and Principal – Head of Global Business Development and Global Client Relationship Management, FIA Mark Lewis joined Wilshire in 2006 and is based in the Santa Monica office. Prior to his current role, Mr. Lewis spent more than 18 years
Slide 92: Copyrights / Trademarks
Copyrights / Trademarks Copyright © 2010 Wilshire Associates Incorporated. All rights reserved. Information in this document is subject to change without notice. No part of this publication may be stored in a retrieval system, transmitted or reproduced in any way way, including but not limited to to
Wilshire Associates — Overview of the Wilshire Axiom Webinar (February 2010) on 6ix