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“Rhode Island is a very promising place to start a life sciences community,” Timothy Ehrlich, co-founder of the investment group Ocean State Angels, told a group of about 400 business, education and government leaders on March 12.
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By Rhonda Miller |
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Critics of the Rhode Island pension system’s growing investment in hedge funds warn that they’ve increased the state’s exposure to risk while subjecting it to the notoriously high fees charged by alternative-investment managers.
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By Patrick Anderson |
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General Treasurer Gina M. Raimondo has taken more media shots for her choice to allocate 22 percent of the state’s pension funds to alternative investments, including hedge funds.
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4/22/13
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Many Rhode Island communities have fought the state’s Low and Moderate Income Housing Act for limiting their ability to stop development projects.
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By Patrick Anderson |
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Joseph L. Dowling III has been named the new chief investment officer at Brown University effective June 2013, the school announced Thursday.
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By Rebecca Keister |
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From the home of the Brooklyn Nets to a ski resort in northern Vermont and an office building in downtown New Bedford, enterprises across the country are cashing in on the global desire to live in the United States.
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By Patrick Anderson |
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Gold has been the most talked-about investment and was the place to be for nearly 12 years. It moved from $250 per ounce to more than $1,900 per ounce while the stock market gyrated on its roller coaster ride. When investing in gold you could not go wrong. Then something happened.
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5/27/13
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Slater Technology Fund is waiting patiently - but still waiting – for the bulk of $9 million in federal stimulus crucial to its transformation from a state-funded investment vehicle to a self-sustaining, venture-capital firm.
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By Patrick Anderson |
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These days, banks can seem like characters in blockbuster movies: swirling in drama, thriving under turmoil, operating in crisis mode. Melissa Trapp, who manages Bank Rhode Island’s investment services, declares that she is “not headline material.” But she embodies the values that banks purport to deliver: sound judgment, a personal touch, little fanfare.
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By Michael Persson
Contributing Writer | 5/27/13 |
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Fitch Ratings announced last week that it has downgraded the R.I. Economic Development Corporation’s approximately $243 million in outstanding R.I. Airport Corporation senior-lien general airport revenue bonds to “BBB+” from “A-.” Fitch revised the rating outlook to stable.
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6/17/13
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