Comment on With returns lagging, RI treasurer plans to dump more than half of pension system's hedge fund holdings

With returns lagging, RI treasurer plans to dump more than half of pension system's hedge fund holdings

PROVIDENCE, R.I. -- General Treasurer Seth Magaziner plans to dump more than half of the state pension system's $1 billion in hedge fund investments -- initiated by Governor Raimondo when she was treasurer -- for lower-cost, more traditional assets.The move, expected be approved by the State Investment Commission this morning, would shift more than $500 million now invested in hedge funds into a combination of private equity investments and low-risk assets such as [...]

 

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