this week’s poll

What is your opinion of the rate of return for the state workers’ pension fund?

Posted 7/28/13

Last week, state General Treasurer Gina M. Raimondo announced that the state pension fund returned 11.1 percent in the fiscal 2013 reporting year, a near-10 percent improvement on the 1.4 percent gain shown in fiscal 2012.

The fund lagged its stated fund benchmark by two-tenths of a percentage point, but Raimondo pointed to lower risk in the fund’s investment mix, driven in part by her move to alternative investments, including hedge funds that pay large fees to their managers, a choice that has generated criticism in the press.

Do you think that her philosophy is producing overall results (based on both risk and reward) that are improved from the previous approach taken by the state in investing?

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement