Wisconsin Administrative Code Law Enforcement Standards Board
What is the Wisconsin State Investment Board?
Role: It invests and manages retirement funds for public employees, teachers, and other government workers in Wisconsin.
Purpose: To maximize returns on investments while ensuring the safety and liquidity of the funds.
Scope: Manages billions of dollars in assets across a diverse portfolio including stocks, bonds, real estate, private equity, and other investment vehicles.
Relationship with the Wisconsin Administrative Code
The Wisconsin Administrative Code is a collection of administrative rules and regulations enacted by various state agencies, including the Investment Board.
The Wisconsin Investment Board operates under the legal framework provided by state statutes and administrative rules.
These rules govern how the Board manages funds, investment policies, reporting, and compliance requirements.
The Board’s procedures, ethics, and operational guidelines are often detailed within the Administrative Code or related statutes.
Key Functions of the Wisconsin State Investment Board
Investment Management: Manage public funds prudently and effectively.
Policy Formulation: Set investment policies aligning with state law and fiduciary responsibilities.
Risk Management: Ensure diversification and risk control to protect public assets.
Transparency & Reporting: Provide regular reports on investment performance to the state legislature and the public.
Governance: The Board typically comprises appointed members, including investment professionals and public representatives.
Summary
The Wisconsin Investment Board is a state agency managing public retirement funds.
It operates within the framework set by Wisconsin statutes and administrative rules.
The Wisconsin Administrative Code contains the regulations that may govern the Board’s operations, compliance, and investment policies.
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