Inquiring minds are digging deeper into the State of Wisconsin Investment Board (SWIB) ideas to rescue Wisconsin’s deeply underwater pension plans. The plan is get the investments back on track using leverage starting out at 104% escalating up to 120%. The board even considered 200% leverage at one point. Unbelievably Steven J. Foresti, head of the investment research group of Wilshire Associates Inc., Santa Monica, California, says “Using leverage to manage risk is a free …

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Wisconsin’s Pension Strategy Update: Disaster Looms Over "Free Lunch" Proposal