Treasurer: RI Pension Fund Earned $1.1 Billion in 2017

Rhode Island's pension fund earned more than $1.09 billion from investments in 2017 bringing the fund's value to $8,420,929,978, the highest in more than a decade.

"In 2017 we took our investment strategy Back to Basics and delivered strong returns that are helping the pension fund get stronger," said Treasurer Magaziner.

​The fund earned 1.10 percent in the month of December 2017, bringing its 12-month performance to 14.48 percent, outperforming the plan's own benchmark of 14.39 percent for the same period.

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As of December 31, the Rhode Island pension fund outperformed its annual 7 percent average investment target over the past 1, 3 and 5 years.

Treasurer Magaziner announced the Back to Basics investment strategy in September 2016. In that time, the fund has exited seven hedge funds, reallocating $500 million into more traditional investments.
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Detailed information about the fund is published online as part of Treasurer Magaziner's 'Transparent Treasury' initiative at: investments.treasury.ri.gov