State Government Press Releases

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11/28/2016
State Treasurer Seth Magaziner today announced that the Rhode Island pension fund will be joining concerned shareholders of energy companies ConocoPhillips (NYSE: COP), Exxon Mobile (NYSE: XOM), Chevron (NYSE: CVX) and Devon Energy (NYSE: DVN) in co-filing a proposal requiring the corporations to...
11/17/2016
Rhode Island has joined a group of institutional investors filing a shareholder proposal demanding Wells Fargo (NYSE:WFC) address recent revelations of widespread consumer fraud and take steps to protect customers and shareholders from illegal predatory banking going forward, General Treasurer...
10/27/2016
The turnaround of Rhode Island's 529 college savings program under General Treasurer Seth Magaziner was recognized this week when Morningstar awarded the state's CollegeBound Saver and CollegeBound 529 plans Silver and Bronze medals, respectively in its 2016 national ratings. "The state...
10/26/2016
The State Investment Commission today unanimously voted to terminate its investment in seven hedge funds pursuant to the newly adopted 'Back to Basics' investment strategy, announced General Treasurer Seth Magaziner, who chairs the Commission. With today's action, Rhode Island will redeem an...
10/26/2016
General Treasurer Seth Magaziner and Mayor Jorge Elorza today joined state and local officials to tour energy efficiency upgrades to the Providence Fire Garage facility. The City of Providence is upgrading five city-owned buildings which were built between 1929 and 1950. The energy efficiency...
10/26/2016
The state's pension system continued its months-long rally earning more than $45 million in positive returns in the month of September, announced Rhode Island General Treasurer Seth Magaziner today at a meeting of the State Investment Commission. "Rhode Island's investments continue to deliver...
10/20/2016
General Treasurer Seth Magaziner today joined state and local officials to tour upgrades to the Newport Waste Water Treatment facility, which are being financed with a $45 million low interest loan from Rhode Island Infrastructure Bank. The project encompasses a series of upgrades that will...
10/06/2016
Treasurer Magaziner, Officials Highlight $2.2 Million in Financing to Upgrade School's Heat/AC System General Treasurer Seth Magaziner and Rhode Island Infrastructure Bank CEO Jeff Diehl today joined state and local officials including, Mayor Allan Fung, State Senator Joshua Miller, State...
09/28/2016
New Strategy Includes Significant Reduction in Use of Hedge Funds In Favor of More Traditional Strategies for Growth, Stability PROVIDENCE, RIóGeneral Treasurer Seth Magaziner announced today a new "Back to Basics" investment strategy for the Rhode Island pension fund, following unanimous...
09/26/2016
While sitting at the kitchen table one morning in 2004, the Walsh family saw an ad in the newspaper announcing a contest, sponsored by Rhode Island Treasury's CollegeBound program, asking students to draw a picture about saving for college. Mackenzie Walsh, who was in first grade at the time,...