After Q1 loss, R.I. pension fund earns $450M in April rebound

THE RHODE ISLAND pension system earned $450 million in April after losing $900 million in the first quarter, bringing the fund’s total value to $8.3 billion, according to the R.I. Office of the General Treasurer. / COURTESY R.I. OFFICE OF THE GENERAL TREASURER
PROVIDENCE – After a $900 million loss in the first quarter of 2020, the state pension fund is starting to rebound. Pension investments earned $450 million in April, a 5.75% monthly return that brings the fund’s total value to $8.3 billion, according to the R.I. Office of the General Treasurer. At the start of the…

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