Asset Allocation
Public Pension Funds Continue to Boost Alts Allocations in Search of Higher Returns
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
Tag: Washington State Investment Board
Corporate Moves
WSIB Executive Director Theresa Whitmarsh Leaving Top Spot
Her retirement follows the investment board losing its long-serving CIO in 2019 and appointing Allyson Tucker to the role last year.
Asset Allocation
Washington State Board Makes Up To $1.9 Billion in Extra Private Market Commitments
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.
Regulation
Washington State Investment Board Advances Lawsuit Against Brazilian Company
Court gives green light to WSIB for its bribery case against Brazilian construction company Odebrecht.
News
Washington OKs More than $2 Billion in Private Commitments
The Washington State Investment Board is continuing its large allocation to private markets as it continues to place large bets on alternative investments.
Manager Selection
Breaking News: Washington State Investment Board Names New CIO
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
Asset Allocation
Washington State Investment Board Posts 8.36% Return
The top-tier returns beat other pension plans, boosted by the pension’s plan large commitments to private markets.
Asset Allocation
Washington State Investment Board Commits Up to $1 Billion to Private Markets
Private markets now make up around 40% of the pension plan’s assets under management.
Asset Allocation
New Private Equity Commitments Continue at Washington State Investment Board
Up to $650 million in new commitments are part of a plan to keep up the retirement system’s 20%-plus allocation to private equity.
Newsmakers
Gary Bruebaker to Appear on Next CIO Podcast
Washington State pension CIO to talk career highlights and challenges, advice from CalSTRS chief Chris Ailman.
Newsmakers
WSIB CIO Gary Bruebaker to Retire
After 18 years at the Washington State Investment Board, Bruebaker is trading building good investment returns for other passions such as water sports and vintage cars.
Alternatives
Washington State Investment Board Commits More than $2 Billion to Private Equity
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
Asset Allocation
Washington State Makes $1.6 Billion in Private Market Commitments
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Washington State Makes New Private Market Commitments
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.
Risk
Washington State Investment Board Returns 10.04%
The returns beat pension system peers and are the result of the investment organization’s large commitment to private market investments.