Newsmakers
ERSRI Files Mastercard Shareholder Proposal to Curb Sales of Ghost Guns
The Rhode Island pension fund is concerned that ghost gun sales will lead to costly litigation and reputational damage to the company.
Tag: Seth Magaziner
Newsmakers
Rhode Island Pension Fund Hits Record but Misses Benchmark in 2021
Its investment portfolio value nears $10.8 billion after a 17.27% annualized return net of fees as the fund boosts its private equity allocation.
Pensions
Rhode Island Pension Fund Beats Benchmark with 11.9% Return in 2020
Portfolio gains roughly $876 million in last two months of year to raise asset value to a record $9.5 billion.
Risk
State Treasurers File Shareholder Action over Alleged Gilead Price Gouging
Pennsylvania, Rhode Island call for independent chair at biotech firm after it reportedly priced remdesivir at more than 500 times the cost.
Pensions
Rhode Island Pension Fund Surpasses $9 Billion
State pension fund earns nearly $573 million in November after losing 1.09% in October.
Asset Allocation
Rhode Island Pension Returns 3.8% in 2020 to Hit Record-High Asset Value
‘Crisis Protection Class’ defensive strategy helps portfolio double benchmark’s return.
Manager Selection
Former Wilshire President Joins Rhode Island Treasury as CIO
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Market Moves
Rhode Island Pension Plan Holds Down Losses Thanks to Treasuries, Algorithms
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Asset Allocation
Rhode Island Lost 9.5% But Performed Better Than Benchmarks
The state treasurer attributed an allocation into Treasuries and quant strategies for offsetting losses.
Asset Management Culture
Rhode Island Treasurer: Funds Won’t Be Raided
The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.
Regulation
Rhode Island Secures Church Pension Transparency
Bill’s passage will solve reporting loophole in religious institutions.
Research
Majority of Rhode Island’s Locally Run Municipal Pensions Flunk Financial Test
State urges them to join consortium it administers and turn things around.
Risk
Rhode Island Pension Beats Benchmarks
State retirement system’s investments return 4.14% in January.
Newsmakers
Rhode Island Makes a Sustainability Deal with Archer Daniels Midland
Treasurer Magaziner pulls ESG proxy proposal.
Regulation
Rhode Island Retirement to Lead Class Action Lawsuit against Google
Google’s failure to disclose security breaches ‘necessitate legal remedy,’ pension says.