State Government Press Releases

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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, RI—General 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,...
09/15/2016
PROVIDENCE, RI – Facebook, eBay, and the parent company of Google are among the companies at which Rhode Island voted in opposition to management-backed 'say on pay' proposals. "My job as Treasurer is to deliver strong financial performance for the state's pension fund. When the companies we...
09/08/2016
PROVIDENCE, RI – The Employees Retirement System of Rhode Island (ERSRI) achieved positive investment returns in July, earning 2.37% as its fund balance increased by more than $150 million to $7.65 billion. "The Employees Retirement System achieved positive performance in July through a...
09/06/2016
PROVIDENCE, RI – General Treasurer Seth Magaziner today announced his selection of Evan England to serve as his administration's Director of Communications. "Evan England is an accomplished communications professional whose talent and dedication have distinguished his previous work on my...