Our Team

Wilshire Funds Management’s investment professionals bring discipline, insight, and seasoned judgment to the selection of investment managers and the management of portfolios. Our relationship managers and wholesalers understand how to deliver differentiated and enduring value to financial advisors in an increasingly competitive marketplace. Access our experience and let us work for you.

Leadership Team

Jason Schwarz
President, Wilshire Funds Management

Jason Schwarz is the president of Wilshire Funds Management, the global investment management business unit of Wilshire Associates. Mr. Schwarz also serves as president of the Wilshire Mutual Funds and VITs. With over 15 years of industry experience, Mr. Schwarz joined Wilshire in 2005 and over time has held increasingly senior roles within the business, most recently overseeing all client-facing activities including business development, marketing, client service and distribution. Prior to joining Wilshire, Mr. Schwarz held positions in the investment, technology, and management consulting industries.

Mr. Schwarz earned his AB in government from Hamilton College, Clinton, NY, and holds an MBA from the Marshall School of Business, University of Southern California.

Cleo Chang
Chief Investment Officer & Managing Director

Cleo Chang, chief investment officer and managing director with Wilshire Funds Management, joined the firm in May 2005 and has over 13 years of industry experience in asset allocation, manager research, portfolio management and wealth management. In her role as CIO, Ms. Chang leads the overall investment activities of the group, including manager research, portfolio management, and investment research. Ms. Chang also chairs the Wilshire Funds Management Investment Committee.

Ms. Chang holds an MBA with a concentration in finance from the Marshall School of Business, University of Southern California, and an MS in mathematical finance from the University of Southern California. She earned her BA in economics from the University of California, Berkeley.

Relationship Management Team

Leah Emkin
Vice President

Leah Emkin is a vice president with Wilshire Associates, and a key accounts relationship manager for the full suite of Wilshire Advisor Solutions products. Ms. Emkin serves as relationship manager for several of Wilshire’s financial intermediary clients, assisting them with product development, marketing, and investment sales support. She joined Wilshire Associates in 2008

Ms. Emkin earned her BA from Lewis and Clark College, Portland, Ore., and holds an MA and MBA from Claremont Graduate University, Claremont, Calif.

Bowen Campbell
Vice President

Bowen Campbell, a vice president with Wilshire Associates, is a member of Wilshire Funds Management’s Relationship Management team, and key accounts relationship manager for the full suite of Wilshire Advisor Solutions products. Mr. Campbell brings more than 19 years of experience in the financial services industry with previous responsibilities in client servicing and financial product management. Prior to joining the firm in 2006, Mr. Campbell worked in the Investment Product Management Group at AIG SunAmerica and in client services at Kemper Mutual Funds. 

Mr. Campbell earned his BBA in finance from the University of Iowa, and holds an MBA in accounting from Loyola University, Chicago.

Amreet Saini
Vice President

Amreet Saini, a vice president with Wilshire Associates, is a senior member of Wilshire Funds Management’s institutional global client service group. Mr. Saini has over eight years of experience in the investment management industry. In his current role, Mr. Saini serves as the relationship manager for some of Wilshire Funds Management’s largest clients, overseeing all client-facing activities including business development, marketing, and distribution. Prior to joining Wilshire in 2008, Mr. Saini worked for Western Asset Management Company and Bank of New York Mellon.

Mr. Saini earned his BA in mathematics and philosophy from Boston University.

Sales Team

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Michael Schulitz
Vice President

Michael Schulitz serves as a vice president in Wilshire Associates’ Client Relationship Group. He has worked in the financial services industry for over 20 years. He has held investment product management, relationship management, and sales positions with Lincoln Financial Group, Metropolitan Life Insurance Company, Prudential Insurance Company, and Ivy Funds.

Mr. Schulitz holds an MBA in finance from the Stern School of Business, New York University, and is a Certified Financial Planner Certificant.

Paul Abdenour
Vice President

Paul Abdenour, a vice president with Wilshire Associates, is a member of Wilshire Funds Management’s Global Client Group. Mr. Abdenour joined Wilshire in 2013 to focus on distribution for several of Wilshire’s financial intermediary clients. Mr. Abdenour brings more than 12 years of industry experience to Wilshire. Prior to joining Wilshire Associates, he worked in various sales and marketing roles with Clark Capital Management, UBS Financial Services, and Zacks Investment Management.

Mr. Abdenour earned his BA in organizational studies from the University of Michigan and currently holds FINRA Series 7 and 6 licenses.

Jeremy Heffernan
Vice President

Jeremy Heffernan, a vice president with Wilshire Associates, is a member of Wilshire Funds Management’s Global Client Group. Mr. Heffernan has been with Wilshire since 2012, focusing on distribution for several of Wilshire’s financial intermediary clients, including marketing, field sales, and practice management support activities. Mr. Heffernan brings more than 13 years of professional experience to Wilshire. Prior to joining Wilshire Associates, he marketed and distributed investment strategies at Genworth Financial Wealth Management, Pacific Life Insurance Company, and TD Ameritrade.

Mr. Heffernan earned his BA in history from Iowa State University, and studied international relations at Creighton University’s Graduate School, Omaha, Neb. He has FINRA Series 7 and 63 licenses.

Courtney Witz
Senior Associate

Courtney Witz, a senior associate with Wilshire Associates, is a member of Wilshire Funds Management’s Global Client Group. Bringing more than six years of industry experience, Ms. Witz focuses on distribution efforts for several of Wilshire’s financial intermediary clients. Prior to joining Wilshire Associates, Ms. Witz was a regional vice president for Horizon Investments where she was active in business development and creating new relationships among many broker dealers and RIAs on the West Coast. Prior to her engagement at Horizon, Ms. Witz worked for Fiduciary Risk Assessment as a research analyst and at PlanTools as a consultant where she was responsible for marketing and communications within the retirement plan space.

Ms. Witz earned her BA in political science from Clemson University, Clemson, SC.

Rebecca Moran
Associate

Rebecca Moran is an associate with Wilshire Funds Management’s team supporting distribution efforts in business development and the Global Client Group. Joining Wilshire in 2012, Ms. Moran brings practice management and business development experience through a history of consulting independent financial services professionals. Ms. Moran has focused on consulting financial advisors in marketing and brand strategy, succession planning, business development, as well as strategic coaching at Cambridge Investment Research, ING Reliastar, and Tiberi Financial Services, an advisory firm of Metropolitan Life Insurance Company. At Cambridge, Ms. Moran met firm-wide initiatives in designing programs and best practices for social media implementation and customized coaching programs dedicated to raising assets and building business at the advisory level.

Ms. Moran earned her BA in English from the University of Illinois, Chicago, were she was a member of the women’s softball team. She also holds a Registered Corporate Coach, RCC™ designation, as well as the FINRA Series 6, 7, and 63 licenses.

Manager Research Team

Mannik Dhillon, CFA, CAIA
Managing Director

Mannik Dhillon joined the firm in 2010 and has 12 years of industry experience. As managing director and global head of manager research for Wilshire, Mr. Dhillon chairs the firm’s Manager Research Oversight Committee and leads the overall team responsible for the due diligence, rating, and recommendation of managers across both traditional and alternative asset classes. His research efforts are focused on global and non-U.S. equity strategies as well as liquid alternatives. Additionally, he serves on Wilshire’s Funds Management Investment Committee, Retirement Oversight Committee, and 401(k) Committee.

Prior to joining Wilshire, Mr. Dhillon spent over eight years with Hewitt Associates. As a manager research consultant for Hewitt, he served on the firm's Investment Manager Evaluation Committee and conducted due diligence of investment managers and their strategies across equity, fixed income, and alternative asset classes. In this role Mr. Dhillon played a critical role in the assignment of ratings and delivery of recommendations, as well as in contributing to the development and enhancement of the overall manager research process.

Mr. Dhillon earned his BBA in finance from the University of Georgia. He holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations. Mr. Dhillon is a CFA Society of Los Angeles, CFA Institute, and CAIA Association member.

Jonathan Miles, CFA, CAIA
Vice President

Jonathan Miles, vice president and head of alternative strategies within the Wilshire Manager Research Group, leads the group’s alternatives research and hedge fund portfolio construction efforts. He has over 15 years of investment experience. Prior to joining Wilshire, Mr. Miles worked at Mercer conducting single strategy hedge fund manager due diligence and portfolio construction. Prior to Mercer, Mr. Miles worked at Ritchie Capital Management in two different roles: first helping build and manage the firm’s convertible bond arbitrage capabilities, and then as a research analyst on the distressed debt desk.

Mr. Miles earned his BS from the University of Illinois, Chicago, concentrated in finance with graduate studies in time series analysis, and holds an MBA in finance from W.P. Carey School of Business, Arizona State University. He holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations, and is a CFA Society of Los Angeles, CFA Institute, and CAIA Association member.

Rob Noe, CFA
Vice President

Rob Noe, vice president, joined Wilshire in 2011 and is a member of Wilshire's Manager Research Group. Mr. Noe has over 10 years of investment experience, including three years as an investment analyst and consultant with Aon Hewitt and EnnisKnupp. He also has a combined eight years of experience working as an investment analyst with two large Illinois public pension plans: the Illinois Municipal Retirement Fund and the Illinois Teachers’ Retirement System. Prior to joining Wilshire, Mr. Noe was a senior member of Aon Hewitt’s Investment Manager Research Group, with a focus on global and international equity managers.

Mr. Noe earned his BS in business finance from Eastern Illinois University, with a minor in economics. He has also earned the Chartered Financial Analyst designation.

Donna Chong, CFA
Senior Associate

Donna Chong, a senior associate with Wilshire Associates, joined Wilshire Associates in 2011 and is a member of Wilshire's Manager Research Group with of over five years of experience in investment management. Prior to joining Wilshire, she worked at Northern Trust Global Advisors performing searches, due diligence, and analysis of investment managers across asset classes. She was later responsible for creating customized multi-manager solutions for ultra-high-net-worth clients and was a voting member of their Investment Committee. She has also worked at CIBC World Markets as an analyst and at CI Funds where she gained experience valuing mutual funds.

Ms. Chong earned her BS from the University of Toronto majoring in psychology and economics. She has also earned the Chartered Financial Analyst designation.

Razmig Der-Tavitian, CFA
Senior Associate

Razmig Der-Tavitian, a senior associate with Wilshire Associates, is a member of Wilshire’s Manager Research Team primarily responsible for the coverage of hedge fund research. He joined Wilshire in 2011 from Dorchester Capital Advisors, a Los Angeles-based multibillion-dollar hedge fund of funds, where he spent four years as an investment analyst. At Dorchester, he was responsible for analyzing and providing recommendations to the chief investment officer on all long/short equity and event-driven investments.

Mr. Der-Tavitian earned his B.S. from California State University, Northridge with a concentration in finance and a minor in economics. He holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.

Ramon Gonzalez, CFA
Senior Associate

Ramon Gonzalez, a senior associate with Wilshire Associates, is a member of Wilshire’s Manager Research Group primarily responsible for the coverage of non-U.S. and global equity research. He joined Wilshire in 2011 with over 10 years of experience as an economist and investment consultant, having worked with a broad array of clients including institutional plan sponsors and ultra-high-net-worth investors. His experience spans firms such as Acacia Wealth Advisors, Angeles Investment Advisors, and the Milken Institute.

Mr. Gonzalez earned his BA from the University of California, Los Angeles, where he majored in international economics and French. He also holds the Chartered Financial Analyst designation.

Gary Tom, CFA, CAIA, FRM
Senior Associate

Gary Tom, a senior associate with Wilshire Associates, is a member of Wilshire's Manager Research Group. Mr. Tom has been with Wilshire since 2004 and is the primary professional responsible for manager research analysis in the domestic growth, value equity, and REIT asset classes.

Mr. Tom earned his BS in business administration with a split concentration in corporate finance/investments and financial markets from the University of Southern California, Los Angeles. Mr. Tom holds the Chartered Financial Analyst designation. He is a CFA Society of Los Angeles and CFA Institute member. Additionally, he has successfully completed the Chartered Alternative Investment Analyst and the Financial Risk Manager designations.

Rebecca Yu, CFA
Senior Associate

Rebecca Yu, a senior associate with Wilshire Associates, is a member of Wilshire's Manager Research Group with over 10 years of experience in investment management, risk analysis, and trading. Ms. Yu joined Wilshire in 2009 and she was previously a fixed-income strategist at Payden & Rygel Investment Management for seven years and a portfolio manager at Oakwood Capital Management for three years. In her career, she has managed low-duration and enhanced-cash fixed-income strategies, as well as portfolios including intermediate term, core, and municipal products. She also worked for Swiss Bank where she gained floor-trading experience in equity derivatives and futures at the CBOT and CME exchanges.

Ms. Yu earned her BA in business economics from the University of California, Los Angeles, with an emphasis in finance. She has also earned the Chartered Financial Analyst designation.

Brandon Lopez
Associate

Brandon Lopez, an associate with Wilshire Associates, is a member of Wilshire's Manager Research Group. Prior to joining Wilshire Associates in 2013, he served as an associate on the manager research team at Edward Jones Investments in St. Louis, supporting the manager due diligence and model portfolio construction efforts at the firm. He also developed multiple quantitative tools and reports to help streamline the team’s process while at Edward Jones.

Mr. Lopez earned his BS from Georgetown College, Georgetown, Ky., and holds an MS from Washington University, St. Louis. Additionally, he is a Level 3 candidate in the Chartered Financial Analyst program.

Will Beck
Associate

Will Beck, an associate with Wilshire Associates, is a member of Wilshire's Manager Research Group. Prior to joining Wilshire Associates in early 2010, he worked as a tax analyst at Fidelity Investments. He began his career at Interoute Communications building a strategic financial forecasting model.

Mr. Beck earned his BA in business administration with an emphasis in finance from the University of Colorado, Boulder.

Andrew Jarrous
Senior Analyst

Andrew Jarrous, a senior analyst with Wilshire Associates, is a member of Wilshire’s Manager Research Team primarily responsible for the coverage of hedge fund research and liquid alternatives. He joined Wilshire in 2013 from Shinnecock Partners, a Los Angeles-based boutique fund of funds, where he spent over two years as a research associate responsible for analyzing and providing recommendations to the managing partner on equity and alternative investment strategies.

Mr. Jarrous earned his BA in economics and political science from the University of California, Irvine. Additionally, he is a Level 2 candidate in the Chartered Financial Analyst program.

Edmond Kadadu
Senior Analyst

Edmond Kadadu, a senior analyst with Wilshire Associates, is a member of Wilshire’s Manager Research Group. Prior to joining Wilshire Associates in 2012, he worked as an advisory associate at Merrill Lynch Wealth Management assisting senior advisors with the research and management of portfolios.

Mr. Kadadu earned his BBA with concentration in finance and accounting, and his BA with a concentration in economics, both from the University of Michigan.

Alexander Kelley
Senior Analyst

Alexander Kelley, a senior analyst with Wilshire Associates, is a member of Wilshire’s Manager Research Group. Prior to joining Wilshire Associates in 2012, he worked as an analyst supporting the internally managed bond portfolio at California Public Employees’ Retirement System.

Mr. Kelley earned his BS in managerial economics from the University of California, Davis, where he studied finance abroad at the London School of Economics and Political Science. Additionally, he has passed the CFA Level II in the Chartered Financial Analyst program.

David Strecker
Senior Analyst

David Strecker, a senior analyst with Wilshire Associates, is a member of Wilshire’s Manager Research Group. Prior to joining Wilshire Associates in January of 2013, he worked as an analyst intern at UBS Financial Services providing capital market research and economic commentary.

Mr. Strecker earned his BA in economics from the University of Southern California.

Portfolio Management Team

Nathan Palmer, CFA
Managing Director

Nathan Palmer is managing director at Wilshire Funds Management, where he is responsible for creating multi-asset class, multi-manager investment solutions to the advisory units of banks, insurance companies, asset managers, and other financial intermediaries.

Mr. Palmer has over 15 years of investment experience, including investment consulting, pension and endowment management, and equity research. Prior to joining Wilshire, Mr. Palmer provided investment advice to endowment, foundation, and family office clients at Convergent Wealth Advisors. Previously, he managed the public market investment portfolios for the endowment at the California Institute of Technology and for the defined benefit and defined contribution retirement assets at Intel. Mr. Palmer began his career as a securities analyst in New York, where he published equity research on the technology, media, and telecom industries.

Mr. Palmer graduated Phi Beta Kappa and cum laude from the University of Washington with a BA in business administration in 1997. He holds an MBA with High Distinction from the Leonard N. Stern School of Business, New York University, in 2005, graduating as an Armando John Garville Memorial Scholar. Mr. Palmer has held the Chartered Financial Analyst designation since 2007 and is an active CFA Institute and CFA Society of Los Angeles member, where he currently serves as a governor of the board and director of programming.

James St. Aubin, CFA, CAIA
Managing Director

James St. Aubin is a managing director of Wilshire Associates and a senior portfolio manager for Wilshire Funds Management where he is responsible for overseeing customized asset allocation solutions and multi-strategy liquid alternative portfolios for financial intermediary clients. In addition to managing portfolios, he is also involved with product development and investment research. Mr. St. Aubin has over 14 years of investment experience, including conducting manager research on both traditional and alternative strategies. Prior to joining Wilshire in 2008, he served as a senior consultant at Ibbotson Associates (a subsidiary of Morningstar) where he worked in a similar capacity, focusing on the development and management of multi-asset portfolios. Mr. St. Aubin began his career as an investment management analyst for Smith Barney.

Mr. St. Aubin earned his BS in Finance from DePaul University. He holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations. He is a member of the CFA Society of Los Angeles, CFA Institute, and CAIA Association.

Anthony Wicklund, CFA, CAIA
Vice President

Tony Wicklund is a vice president and portfolio manager for Wilshire Funds Management where he is responsible for creating asset allocation recommendations and multi-asset class, multi-manager investment portfolios for a range of financial intermediaries. Mr. Wicklund has over 10 years of experience in the financial services industry, including extensive involvement with hedge fund manager research, portfolio construction, and operational due diligence. Prior to joining Wilshire Associates in 2013, Mr. Wicklund was the director of risk management at Convergent Wealth Advisors, where he led the firm’s investment risk management and operational due diligence effort, was chairman of the firm’s Risk Management Oversight Committee, and a voting member of the Investment Committee. Prior to Convergent Wealth Advisors, Mr. Wicklund was a senior analyst within the Operational Excellence Team at Pacific Seafood where he worked with the chief financial officer to evaluate acquisition targets, coordinate the integration of acquired companies, and perform internal operational audits and capital expenditure analyses.

Mr. Wicklund earned his BS in business administration, with a concentration in finance and a minor in economics, from the University of Oregon. He also holds an MBA from the Marshall School of Business, University of Southern California, with a concentration in investments and financial markets. Mr. Wicklund holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations, and is a member of the CFA Society of Los Angeles, CFA Institute, and a CAIA Association member.

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