Wednesday, 1 April 2015
Last updated 2 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…