The State of Wisconsin Investment Board (SWIB), created in 1951, is responsible for managing the assets of the Wisconsin Retirement System (WRS), the State Investment Fund (SIF) and other state trust funds. SWIB managed more than $99 billion in assets as at 31 December 2015. The core fund, which is the largest of the funds managed by the SWIB, had the following asset allocation as at December 2016: equities 51 per cent, fixed income 29 per cent, inflation-sensitive 12 per cent, real estate 7 per cent, private equity 8 per cent, multi-asset 1 per cent. SWIB’s investment strategy also includes managing a majority of WRS assets internally. SWIB managed 64 per cent of WRS assets internally as at 31 December 2016.
David Villa, CIO of the $110 billion State of Wisconsin Investment Board is worried about the outlook for returns. As a result he’s significantly underweight sovereign bonds in favour of cash. But he’s also positioning the organisation to do better analytics for more complicated portfolios, another result of a low return environment. The fund is working on at least five data and technology projects and has hired a chief technology and operations officer.
Amanda WhiteOctober 5, 2019
A knowledge exchange between the State of Wisconsin Investment Board and its manager, Parametric, has seen the fund become comfortable understanding the instruments involved to manage a chunk of its total levered allocation in-house.
Sarah RundellJune 12, 2019
Hybrid pension schemes, combining both defined contribution and defined benefit characteristics, are best for governance because they align interest of both employees and sponsors argue David Villa, chief investment officer of the $91-billion State of Wisconsin Investment Board (SWIB) and Sorina Zahan, partner and chief investment officer of Chicago-based Core Capital Management, speaking at Conexus […]
Sarah RundellOctober 22, 2013