State of Wisconsin Investment Board

FIS Stanford 2025

Managing fat tails and risks in the face of contradictory signals

Global investors face the difficult task of setting asset allocation in an environment where the global macro-economic backdrop suggests chaos and downside risk but markets continue to perform strongly.

Simon HoyleSeptember 17, 2025

FIS Harvard 2025

SWIB: It’s ‘harder for companies to live in public markets’

Public markets aren’t functioning as well as they used to, and more and more asset owners are loading up on private assets in a bid to maintain their returns. But private market managers need to realise that their investors want a true partnership, or risk “a washing out”.

Lachlan MaddockMay 20, 2025

FIS Oxford 2024

SWIB develops model to highlight inflation risk

Using a factor model comprising real rates, inflation, growth and liquidity the State of Wisconsin Investment Board has "swapped binoculars for sunglasses" to see a new picture that effectively highlights inflation risk.

Sarah RundellDecember 6, 2024

FIS Toronto 2024

Same same, but different: Governance lessons from three markets

Despite global pension markets’ varying levels of maturity, the goal of combining portfolio resilience with meeting fund objectives is the same, and it can be achieved through different manifestations of governance structures.

Darcy SongJune 14, 2024

Editorial

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.

Amanda WhiteFebruary 16, 2021

Investor Profile

N. Mexico PERA adopts Wisconsin model

Public Employees Retirement Association of New Mexico CIO Dominic Garcia is headed down the path less travelled, employing a risk-parity and alpha strategy he learned with the State of Wisconsin.

Sarah RundellAugust 9, 2018