
MacIver News Service – Wisconsin’s Core Retirement Investment Fund and Variable Retirement Investment Fund experienced a sharp drop of 69 percent and 55 percent respectively in their net investment income during 2014, according to a Legislative Audit Bureau (LAB) report. Both funds are managed by the State of Wisconsin Investment Board (SWIB) and consist of state employee contributions through the Wisconsin Retirement System. Read More State Investment Board Sees Smaller Returns in 2014, Still Grows Assets