State Government Press Releases

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12/03/2019
Rhode Island General Treasurer Seth Magaziner, as part of the group of investors that led the 2019 shareholder proposal at Facebook seeking an independent board chairman, today released its findings of proxy voting data, which reveals which mutual funds joined the supermajority (68 percent) of...
11/21/2019
General Treasurer Seth Magaziner today announced a $10 million expansion to the State's Small Business Loan Program, BankLOCAL, which incentivizes local banks and credit unions to lend to Rhode Island small businesses. "Small businesses are essential to our economy which means it is critical to...
11/18/2019
During a visit to the construction site of the future East Providence High School today Treasurer Seth Magaziner announced new measures to make it easier for Rhode Islanders to invest in state bonds and the launch of a campaign to encourage Rhode Islanders to invest in bond-funded school...
11/04/2019
Drug distributor Cardinal Health, Inc. [NYSE: CAH] is facing shareholder backlash over its decision to bring back former director J. Michael Losh to chair the board's audit committee despite his lax performance in that role during the height of the opioid epidemic. "As long-term investors in...
10/30/2019
The Rhode Island pension fund returned 0.80% during the month of September; earning $67.8 million, with low-fee index funds driving investment performance slightly above the plan's benchmark return of 0.79% for the period. Under Treasurer Magaziner's leadership, the State adopted the 'Back to...
10/23/2019
Rhode Island Treasurer Seth Magaziner, along with institutional investors from states across the region, today announced the Northeast Investors' Diversity Initiative (NIDI), a regional partnership dedicated to increasing corporate board diversity-inclusive of gender, race, and ethnicity-at...
10/02/2019
The Rhode Island pension fund finished well ahead of U.S. and global stock markets in August due to the defensively positioned investments in the fund's portfolio. In a month when the U.S. stock market, as measured by the Russell 3000 Index, fell by -2.0%, and international markets returned -2.4%
09/30/2019
Rhode Island General Treasurer Seth Magaziner today joined Governor Gina Raimondo and Attorney General Peter Neronha for a ceremonial bill signing of the Student Loan Bill of Rights, which protects Rhode Islanders through new consumer protections and oversight of student loan servicing practices.
09/11/2019
Rhode Island Treasurer Seth Magaziner today announced that "YOUR MONEY", a program which automatically reunites Rhode Islanders with their missing money, is mailing checks to more than 4,000 people; returning a total of $1.4 million back to its rightful owner. "We developed YOUR MONEY to make...
09/03/2019
Rhode Island Treasurer Seth Magaziner today released an overview of the actions his office has taken over the past year to encourage companies in which the pension fund investments to adopt more responsible and sustainable corporate behavior. "The long-term sustainability of companies in the...