Edward Yee Ng

Manufactures advanced electronic systems

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.

Baring North America's (BNA) investment approach focuses on identifying favorable earnings surprise and valuation characteristics through fundamental research. They seek companies and markets whose attractive growth prospects are not fully reflected in their prices. The firm's core equity portfolios are diversified large-cap portfolios that typically offer above market growth characteristics at or at a reasonable premium to market valuations. BNA's growth criteria embrace companies delivering growth in earnings per share in the top 60% of their universes. The firm's systematic equity investment process embraces hands-on fundamental stock research and analysis to generate proprietary earnings forecasts and relative valuation targets and quantitative analysis and screening to focus their research and generate buy and sell ideas. BNA's investment teams use a common framework and template for equity research, which focuses on growth, management, value creation and valuation criteria. Their regional equity teams are responsible for portfolio strategy and stock selection for specialist regional equity portfolios as well as the regional portion of their global and multi-asset mandates. The asset allocation team is responsible for regional/country strategy in their global and multi-asset portfolios and for sector policy at the global and multi-asset mandate level. The output of their fundamental and quantitative research is used to rank each stock and to shape buy and sell decisions. Teams review stocks continuously following company meetings and announcements. BNA's fixed-income processes are characterized by fundamental research and disciplined portfolio construction techniques. They also use technical analysis, particularly in currency allocation research. The firm's credit research leverages off the equity research capabilities of the firm. They invest in bonds issued by governments, agencies, corporates as well as emerging market sovereign, mortgages and asset-backed securities. BNA includes bonds across the rating spectrum from Aaa to Caa, according to the risk tolerance and guidelines of their clients.

MLAM's worldwide approach to equity investing uses a philosophy of identifying relative value among individual stocks and stock markets by focusing primarily on two variables: reinvestment rate and the price-to-book value ratio. There are seven additional screens employed to further refine the process. The factors used to identify value include price-to-cash flow, price-to-earnings ratios, past and future earnings growth and dividend payouts. For asset allocation, a country whose market valuation measurements seem consistently above or below world averages or its own historical averages are over or under-weighted accordingly. The degrees of over or under-weighting are determined by relative economic prospects as measured by the outlook for GNP, inflation and interest rates of each country and their impact on currency movements. By combining a value approach to individual stock selection with asset allocation by country, the firm seeks to achieve consistent performance relative to international equity indexes. MLAM combines top-down and bottom-up analysis and uses proprietary models as part of their research process. Their funds are team-managed.

Functions as a College/University

Functions as a College/University

BFM utilizes fixed-income strategies that are actively managed, model or index based. The firm generally employs an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. They utilize a risk-controlled, systematic process for portfolio construction and alpha generation.