Asset Owner Directory

The State of Wisconsin Investment Board (SWIB)

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. As of December 31, 2020, SWIB managed about $144 billion in assets.


United States

AUM ($B)




Chief Executive

Edwin Denson

Chief Investment Officer

Edwin Denson


David Stein

Asset allocation
Wisconsin Retirement System (WRS) is made up of two trust funds, the Core Fund and the Variable Fund - All participants have at least half, if not all, of their retirement contributions in the Core Fund. SWIB's goal as a long-term investor is to bring a disciplined, prudent, and innovative approach to market opportunities.

51% Stocks

25% Fixed Income

16% Inflation Sensitive Assets

11% Private Equity and Debt

8% Real Estate

4% Multi-asset related articles

Leverage: Friend or foe?

Against the backdrop of rising rates, market turmoil and pension funds’ ever-growing illiquid allocations, leverage is going to increasingly come under the spotlight. Today’s changing macro picture of increasing interest rates and rising borrowing costs will put pressure on pension funds to ensure financing costs are compensated with expected returns.

How technology is enabling better investments

Asset owners are increasingly looking to technology to more effectively manage complex multi-asset portfolios, enhance returns and better inform risk management decisions. looks at how technology is being used by asset owners including LACERA and REST, and the insights of BCIMCo's chief technology officer, Tony Payne.

Remembering David Villa

David Villa, executive director and chief investment officer of the State of Wisconsin Investment Board, passed away on the weekend. Amanda White reflects on his legacy.
Asset Owner Directory