Tags : R.I. withdraws $340 million from hedge funds as implementation of ‘Back to Basics’ continues

PROVIDENCE, RI – Rhode Island’s pension system has hit a milestone in its move away from hedge funds, recouping more than $340 million to date General Treasurer Seth Magaziner announced today. «We are moving away from the high-cost hedge funds that have failed to meet expectations while charging unacceptably high fees,» said Treasurer Seth Magaziner. […]readmore