hedge funds

Politics
8:40 am
Thu February 6, 2014

Raimondo's Money Moves Criticized By Wall Street Journal

Raimondo has received criticism from the Wall Street Journal for moving state funds out of a high-yield hedge fund.
Credit RIPR FILE

The Wall Street Journal’s editorial board is criticizing Gina Raimondo over a move to drop the most successful hedge fund in the state pension plan. The hedge fund is run by a trustee of a conservative New York think tank criticized by teachers’ unions.

The hedge fund Third Point LLC offered a 25 percent return to Rhode Island’s pension fund over the last year. That’s far better than the 14 percent earned by the pension fund as a whole. Yet the state Investment Commission, which is chaired by Raimondo, voted last week to divest its holdings in Third Point.

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On Politics
1:22 pm
Sun October 20, 2013

New York Times columnist questions Raimondo's pension investment strategy

The disputes over State General Treasurer Gina Raimondo’s pension investment strategy rages on. The latest  salvo comes from Gretchen Morgenson, the respected financial columnist for the New York Times.

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Politics
8:23 am
Fri August 9, 2013

Good Government Groups Press Raimondo For Investment Transparency

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

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

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.

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Political Roundtable
4:00 am
Fri August 9, 2013

Political Roundtable: Almonte on 38 Studios, Hedge Funds + the GOP in 2014

Credit Ian Donnis / RIPR

Democratic candidate for treasurer Ernest Almonte joins the Roundtable to discuss lingering questions about 38 Studios; the state pension fund's stake in hedge funds; and how John Robitaille could remake the GOP field for governor in 2014.

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On Politics
3:18 pm
Thu August 8, 2013

Four Groups Press Raimondo for More Disclosure on Hedge Funds

Four groups -- Common Cause of Rhode Island, the Rhode Island Press Association, and the state chapters of the ACLU and the League of Women Voters -- say state Treasurer Gina Raimondo needs to offer more disclosure about the state pension fund's investment in hedge funds.

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