Corporate Moves
Rhode Island CIO Departs for Washington Hospital System
Alec Stais informed the state pension plan last month of the move.
Tag: Rhode Island
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.
Coronavirus - COVID-19
Haves and Have Nots: Virus Effect Will Widen the Public Pension Divide
When the crisis abates, the gap between well-funded plans and the others will be even larger.
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 Pension Alleges Zuckerberg Overpaid 2019 Settlement to Avoid Personal Consequences
State Treasury says Facebook overpaid Cambridge Analytica settlement by $2 billion to win extra concessions from the feds.
Asset Allocation
Rhode Island Launches Offensive Against Assault Weapons and Private Prisons
State Treasurer Seth Magaziner cites perverse corporate incentives and escalating violence for pulling investments out of the two industries.
Asset Management Culture
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Regulation
Rhode Island General Assembly Passes Religious Pension Bill
Legislation would require church plans to follow ERISA standards.
Newsmakers
Rhode Island Supreme Court Upholds Cranston Pension Cuts
High court reluctantly rejects challenge to 10-year suspension of COLAs.
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.
Newsmakers
Google Sued over Data Breach by Rhode Island
Lawsuit alleges executives at Alphabet Inc. hid vulnerability that allowed 52 million users' privacy to be compromised.