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...
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%
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.
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...
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...
Rhode Island's pension system continues to improve its relative investment performance when compared to similarly sized public pension funds, outperforming 78% of its peers in the fiscal year ending on June 30, 2019.
Leading market intelligence firm, InvMetrics, found that Rhode Island...
Rhode Island General Treasurer Seth Magaziner today released the 2019 Rhode Island Debt Affordability Study, which provides comprehensive information on the debt, pension and post-employment liabilities of the state, municipalities and quasi-public agencies of Rhode Island.
"Rhode Island must...
Rhode Island's pension plan earned $291,411,038 in the month of June, posting a 3.56% return. The positive performance was driven by the investments in the global stock market - mostly low fee index funds designed to provide long-term growth.
Under Treasurer Magaziner's leadership, the state...
Treasurer Seth Magaziner and Attorney General Peter Neronha commend lawmakers for passing a Student Loan Bill of Rights to protect Rhode Islanders through new consumer protections and oversight of student loan servicing practices.
"There is a growing student debt crisis in the country and in...
Approximately 2,900 Rhode Island Student Loan Authority (RISLA) borrowers will have their outstanding student loan balance reduced as part of a Loan Forgiveness Program announced today by RI General Treasurer Seth Magaziner and Charles Kelley, Executive Director of RISLA.
RISLA can reduce these...
