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Raimondo Increases Pension Investment Disclosure

Updated website adds to amount of online public financial data

PROVIDENCE, R.I. General Treasurer Gina M. Raimondo is continuing her commitment to financial disclosure by increasing the amount of online information available regarding pension investments. Treasury's latest online offering is in addition to the state's first web-based investor relations portal, which her office launched in 2011.

"Increasing and improving disclosure is a priority across Treasury," Raimondo said. "Launching an updated Investments and Finance section of the web site builds on this commitment to make Treasury accountable to all Rhode Islanders."

The Investments and Finance section of treasury.ri.gov now provides expanded information about pension investment information, including information on asset allocation strategies and investment expenses as well as State Investment Commission reports.

The updated Investments and Finance section is the latest of several steps to increase disclosure and accountability Raimondo has taken since coming into office. Outlined in the recent State of the Treasury report, prior improvements include:

Building, launching and maintaining the state's first investor relations portal, a one-stop online clearinghouse for much of the state's pertinent financial information

Enhancing disclosure practices and expanding the pension disclosure section of the bond offering documents to provide the most accurate information

Implementing an additional layer of checks and balances for disclosure regarding investment advisors and campaign contributions. Treasury instituted a code of conduct and pledge to be signed by investment advisors. Investment managers agree to abide by SEC and MSRB rules

Implementing a "no campaign donations" policy for those actively bidding on Treasury contracts

Continuing the placement agent disclosure practice

Increasing outreach to investors through direct communications, including investor road shows

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Related links

Department or agency: RI Office of the General Treasurer

Online: http://www.treasury.ri.gov/

Release date: 05-30-2013

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