R.I. removes Shenkman Capital as fund manager

<center>TREASURER Frank T. Caprio.</center> /
TREASURER Frank T. Caprio. /
PROVIDENCE – R.I. General Treasurer Frank T. Caprio yesterday announced the termination of one of the state’s pension investment managers, New York City-based Shenkman Capital Management Inc. Shenkman Capital had been under review for several months, as its returns continued to lag state benchmarks, Caprio said in a statement. Its removal was recommended by Caprio…

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