Good Government Groups Press Raimondo For Investment Transparency

Aug 9, 2013

Four groups are calling on state Treasurer Gina Raimondo to release more information about hedge fund investments in Rhode Island’s pension plan.

Four groups are calling for more transparency of the hedge fund investments in the state's pensions.

The groups say they’re troubled by how Raimondo’s office, in a recent response to the Providence Journal, heavily redacted some details about the hedge fund investments. The four organizations are Common Cause of Rhode Island, the RI Press Association, and the state chapters of the ACLU and the League of Women Voters.

The groups note that full reports with the hedge fund details sought by the ProJo were distributed during public meetings of the state Investment Commission.

Raimondo’s spokeswoman, Joy Fox, said the treasurer appreciates the concerns raised by the four groups. Fox says increasing disclosure if a priority for Raimondo, and that the treasurer’s office will work toward greater transparency.

Do you have insight or expertise on this topic?  Please email us, we'd like to hear from you.