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The largest retirement fund handled by the State of Wisconsin Investment Board earned a return of 15.5 percent last year.
The strong performance follows a Legislative Audit Bureau report criticizing the board for the size of its investment returns.
The board’s stocks and bonds outperformed larger market indexes and internal benchmarks to come out ahead of its marker over the one-, five- and 10-year periods.
The “variable fund” of equities returned 27.8 percent, its best return since 1985.
A Legislative Audit Bureau’s report released in October ranked Wisconsin 10th out of 12 large public pension funds studied.
