R.I. pension fund loses $900M in Q1

Nancy Lavin

04/27/2020

RHODE ISLAND’S PENSION investment fund lost $900 million in the first quarter of 2020, two-thirds of which occurred in March. / COURTESY R.I. OFFICE OF THE GENERAL TREASURER

PROVIDENCE – The state pension fund lost nearly $900 million in the first quarter of 2020, with a $600 million hit in March alone amid sudden drops in the stock market, according to new online information published by the R.I. Office of the General Treasurer. As of March 30, the fund stood at $7.9 billion…

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