WSIB funds show loss from Lehman Brothers' bankruptcy (September 15, 2008) Olympia - The Washington State Investment Board (WSIB) today estimated the loss to its funds from Lehman Brothers' bankruptcy filing at approximately $130 million. The bankruptcy filing affects retirement, Labor & Industries, and trust funds managed by the WSIB. The WSIB had $139 million of Lehman bonds and $8 million of Lehman equity at cost. The WSIB continues to hold senior debt in Lehman Brothers, which the WSIB believes is worth more than current market value. The WSIB's total assets under management were $78 billion as of Friday, September 12, 2008. The loss represents 0.17 percent of assets under management. Lehman's Press Release