Rhode Island pension fund fell $263M in February

UPDATED: 3:03 p.m.

Eli Sherman

04/03/2018

GENERAL TREASURER SETH MAGAZINER is in charge the state pension fund and how it is invested./ PBN FILE PHOTO/MICHAEL SALERNO

PROVIDENCE – The state’s $8.4 billion pension fund failed to yield positive returns in February, as market volatility helped fuel an overall decrease of $263.4 million. The fund, comprising the retirement money of current and former state employees, returned a loss of 2.6 percent after accounting for investment-related fees. The state investment team attributed the…

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