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.
Detailed information about the fund is published online as part of Treasurer Magaziner's 'Transparent Treasury' initiative at: investments.treasury.ri.gov
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