Thursday, 28 August 2014
Last updated 3 hours ago
Jan 9 2007 | 9:45am ET
For the third straight year, State of Wisconsin Investment Board’s Core Retirement Fund posted healthy double-digit returns, buoyed by its private equity investments.
For the year ending Dec. 31, the Core Retirement Fund returned an estimated 15.6%. The Core Fund (formerly known as the Fixed Fund) is the larger of the two trust funds of the Wisconsin Retirement System and has diversified holdings in domestic and international stocks, bonds, loans, real estate and private equity. The preliminary market value of the Fund on Dec. 31 was $76.0 billion.
SWIB's private equity portfolios had a strong year with returns of 25.5%, as money flowing into global private equity created excellent selling opportunities for SWIB holdings, particularly in Europe, according to the system. Energy and telecommunications investments had strong performances.
“Once again, SWIB’s private markets group provided strong performances in both private equity and real estate,” said David Villa, chief investment officer. Real estate investment trust portfolios earned 36.2% and private real estate investments gained 28.8%. Investments in real estate operating companies and overseas investments, particularly in Germany and Japan, performed well.
Year to date, the system’s Variable Fund, an all-stock fund, also posted strong returns of 17.6% on the strength of the domestic and international stock markets.
The Core and Variable Funds comprise the WRS Trust Funds, which provide benefits to over 533,000 current or former employees of state and local governments. The WRS is the ninth largest U.S. public pension fund and the 24th largest public or private pension fund in the world, according to the system.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...