State of Wisconsin Investment Board
The State of Wisconsin Investment Board manages approximately "$117 billion in assets, most of which consists of the Wisconsin Retirement System, whose funds provide benefits to more than 620,000 current or former public employees".[1]
Criticism
In December 2016, it was revealed that employees were paid over $11 million in combined bonuses in 2015 when the main funds returns were flat. This is due to the compensation structure that tracks five year returns due to the long term nature of the investing. For the five year period, the fund returned 6.7%, which outdid its 6.2% benchmark. When accounting for roughly $100B of assets under management at the time the 0.5% out-performance equates five hundred million of additional money for the pension system. [1]
See also
- 4490 Ventures
- Argosy Foundation
- BrightStar Wisconsin Foundation
- Business incubator
- CSA Partners
- Gener8tor
- Seed accelerator
- Ward 4
- Wisconsin Economic Development Corporation
- Techstars
- Y Combinator (company)
References
- ^ a b Newman, Judy (April 16, 2016). "SWIB bonuses top $11 million for the third straight year". Wisconsin State Journal. Retrieved March 10, 2017.
External links
 | This corporation or company article is a stub. You can help Wikipedia by expanding it. |