Magaziner wants more oversight of private equity investment expenses

R.I. GENERAL Treasurer Seth Magaziner wants more stringent regulatory oversight of private equity investment expenses, saying the opacity of current standards puts Rhode Island in an unfavorable negotiating position.  / PBN FILE PHOTO
R.I. GENERAL Treasurer Seth Magaziner wants more stringent regulatory oversight of private equity investment expenses, saying the opacity of current standards puts Rhode Island in an unfavorable negotiating position. / PBN FILE PHOTO
PROVIDENCE – R.I. General Treasurer Seth Magaziner wants more stringent regulatory oversight of private equity investment expenses, saying the opacity of current standards puts Rhode Island in an unfavorable negotiating position. Despite his concerns, however, strong returns on private equity assets prevent the state treasurer from making any change to the allocation at the moment.…

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