Todd Douds

Wilshire aims to deliver better investment solutions that deliver impact and value for their clients. The firm takes a top-down, macro approach, providing portfolio construction for the client and hiring third-party managers to construct asset portfolios in line with Wilshire’s broad investment mandate.

Fort Pitt is a US large-cap growth manager, investing primarily in the finance sector. They also invest in high grade bonds. The Fort Pitt Total Return Fund invests across market-caps with a median market-cap of $20 billion. Company value is measured by ROE and stock valuation is measured by p/e ratio. The Fund buys companies whose p/e ratios are close to ROE. The Fund holds about 50 positions and offers little foreign exposure.

Functions as a College/University

Functions as a College/University

ACM’s equity discipline seeks to provide investors with superior total returns over complete market cycles with lower-than-average risk. The firm uses a multi-disciplined hybrid process that combines elements of a top-down and bottom-up approach through quantitative and qualitative analysis. Their fixed income style is a combination of interest rate anticipation and sector rotation. ACM focuses on the economic condition in the context of the current business cycle and longer-term secular trends. Their turnover is low.

Fort Pitt utilizes internal research in their stock, fixed income and mutual fund selection process, and supplements their own research with the data and analysis of major US investment and brokerage firms. The firm attempts to identify products that are positioned to generate long-term total returns equal to or greater than market averages, in line with clients’ risk parameters and long-term financial goals. Fort Pitt may sell a position when they believe the intrinsic value is fully realized, when growth prospects falter due to changing market or economic conditions, or when earnings fail to meet expectations.