PROVIDENCE, R.I. -- The Rhode Island pension fund returned 16.7% in 2019, earning $1.3 billion from investments, allowing it to end the year with an all-time high value of $8.78 billion.
The 16.7% return significantly outperformed the fund's benchmark of which earned 15.0%. The performance...
Rhode Island General Treasurer Seth Magaziner today announced that the State Investment Commission has voted to approve his proposal to pull pension fund investments in companies that manufacture assault-style weapons for civilian use or operate private for-profit prisons.
"Assault weapons and...
Rhode Island General Treasurer Seth Magaziner has filed a shareholder proposal with Navient Corp., one of the nation's largest servicers of student loan debt, asking the company for transparency on whether the negative financial impact of legal or compliance costs are factored into executive...
Following yesterday's announcement by Treasurer Magaziner that his Unclaimed Property division received an additional $23 million in unclaimed property in 2019, thousands of Rhode Islanders visited findrimoney.com and initiated claims for over $1.1 million of their missing money.
"My goal is...
Rhode Island General Treasurer Magaziner announced today that his Unclaimed Property division received an additional $23 million in unclaimed property in 2019, bringing the total amount of unclaimed property being held in safekeeping for Rhode Islanders to over $389 million.
"Every year, our...
Rhode Island General Treasurer Seth Magaziner, as part of the group of investors that led the 2019 shareholder proposal at Facebook seeking an independent board chairman, today released its findings of proxy voting data, which reveals which mutual funds joined the supermajority (68 percent) of...
General Treasurer Seth Magaziner today announced a $10 million expansion to the State's Small Business Loan Program, BankLOCAL, which incentivizes local banks and credit unions to lend to Rhode Island small businesses.
"Small businesses are essential to our economy which means it is critical to...
During a visit to the construction site of the future East Providence High School today Treasurer Seth Magaziner announced new measures to make it easier for Rhode Islanders to invest in state bonds and the launch of a campaign to encourage Rhode Islanders to invest in bond-funded school...
Drug distributor Cardinal Health, Inc. [NYSE: CAH] is facing shareholder backlash over its decision to bring back former director J. Michael Losh to chair the board's audit committee despite his lax performance in that role during the height of the opioid epidemic.
"As long-term investors in...
The Rhode Island pension fund returned 0.80% during the month of September; earning $67.8 million, with low-fee index funds driving investment performance slightly above the plan's benchmark return of 0.79% for the period.
Under Treasurer Magaziner's leadership, the State adopted the 'Back to...
