State of Wisconsin Investment Board
The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System, the State Investment Fund (SIF), and other state trust funds. , SWIB managed over $143 billion in assets. SWIB is governed by a Board of Trustees consisting of nine members meeting specific membership requirements under section 15.76 of the statutes. Trustees have a fiduciary responsibility to act solely in the best interest of the funds under management. They appoint the executive director/chief investment officer and the director of internal audit. Trustee responsibilities include establishing asset allocation, investment guidelines, and performance benchmarks. Edwin Denson was appointed the executive director/chief investment officer in April 2021. Assets Under Management Wisconsin Retirement System (WRS) The Wisconsin Retirement System (WRS) consistently ranks among the 10 largest public pension funds in the U.S. Participants include current and former employees of Wisconsin’s state agencies and most local governments other than the City of Milwaukee and Milwaukee County. Investing WRS assets is the responsibility of the State of Wisconsin Investment Board (SWIB). Individual accounts and benefits under the Wisconsin Retirement System (WRS) are managed by the Department of Employee Trust Funds (ETF). Contributions