Treasurer Magaziner Announces 'Back to Basics' Plan to Strengthen Pension Fund

September 28, 2016: General Treasurer Seth Magaziner announced today a new "Back to Basics" investment strategy for the Rhode Island pension fund, following unanimous approval by the State Investment Commission.

Among the changes that were recommended by Treasurer Magaziner is a significant reduction in the state's investments in hedge funds. Under the "Back to Basics" plan, the state will reduce its investment in hedge fund strategies by more than $500 million over the next two years, and reallocate these funds to more traditional asset classes.

You can learn more about the plan here.