SWIB Response to COVID-19

To WRS participants and other stakeholders :

 

The recent market movement has been volatile and significant. Over the past several weeks, the spread of COVID-19 has had a major impact on global financial markets. SWIB is continuing to monitor, analyze, and respond to market conditions. Our investment and trading operations continue as usual, and we can operate remotely during the public health crisis.

 

It is important to remember that SWIB is a long-term investor. Although no investment strategy can prevent losses, our goal is to generate returns over the long-term to help ensure the WRS remains strong. SWIB is positioning to take opportunities now and for the eventual market rebound. It is still early in the year. Governments around the globe are taking unprecedented efforts to both contain the virus and help stabilize the economy. As many of our stakeholders know, market gains and losses for the Core Trust Fund are smoothed over five years. Last year’s net return of 19.33% and SWIB’s highly diversified portfolio put us in a strong position to weather this current downturn.

 

This is not the first time we have had to deal with stresses in the markets, and it will not be the last. These are unprecedented economic times that create uncertainty around what might happen next. But, just as we did through previous market challenges, we will continue to adapt, work hard, monitor our investments, and take opportunities where we see them on behalf of the trust funds that we manage.

 

On behalf of the SWIB Board of Trustees and our committed staff, stay safe as we navigate through the days ahead.

 

David Villa

Executive Director/Chief Investment Officer

WELCOME TO SWIB

WRS PERFORMANCE

Final Year-to-date returns as of 2/29/20. 

Core Fund

-3.3%

Variable Fund

-8.9%

LEADERSHIP

SWIB is directed by an independent Board of Trustees that appoints the executive director who oversees the Investment Board.

INVESTMENT STRATEGY

SWIB's goal as a long-term investor is to bring a disciplined, prudent, and innovative approach to market opportunities. 

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, 2019, SWIB managed more $128 billion in assets.

CONTACT US

SWIB is responsible for investing the assets of the WRS and several other trust funds. Please contact us if you have questions regarding investment of the trust funds or investment performance.

CAREERS

Explore the opportunities to work for one of the world’s largest institutional investors.

PUBLICATIONS

SWIB’s publications provide helpful information about SWIB and the investment of the trust funds.

As part of SWIB’s strategic plan, we are always working to improve our investment initiatives so we remain well- positioned to continue to provide solid returns with moderate downside protection from volatile markets for the trust funds we manage.
STRATEGIC DIRECTION
INVESTMENTS
By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating respectable returns and maintaining the trust of the beneficiaries and stakeholders of the trust funds it manages.

BOARD OF TRUSTEES

The SWIB Board of Trustees consists of nine members meeting specific membership requirements and with a fiduciary duty to act solely in the best interest of the funds under management.

WISCONSIN RETIREMENT SYSTEM

For public employees in Wisconsin, SWIB is a unique asset and a valuable partner. Approximately 642,000 participants and 1,500 employers in the WRS rely on SWIB to produce returns that will help provide a strong financial future.

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HOW WE CAN HELP

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