WSIB funds show loss from sale of Washington Mutual (September 26, 2008) Olympia - The Washington State Investment Board (WSIB) today estimated the loss to its funds from the Washington Mutual bank failure to be approximately $47 million to the state's pension and other trust funds managed by the WSIB. The loss represents 0.059% of the WSIB's $78 billion in total assets under management. The WSIB's private equity program lost $41 million and the remaining $6 million in losses impacts the WSIB's public equity program. In addition to 17 public pension funds, the WSIB manages investments for 21 other public funds including Labor & Industries' industrial insurance funds and the Deferred Compensation Program "The WSIB is a large institutional investor with a long term perspective and a high quality well diversified investment strategy that is built to withstand inevitable market ups and downs," said WSIB Executive Director Joe Dear. "This is a period of great turmoil and concern, but we are confident that we will weather this storm."