State pension fund exceeds benchmark

GENERAL TREASURER Seth Magaziner reported that the Rhode Island pension fund earned $323 million in January, beating its benchmark. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – Rhode Island’s pension fund earned $323 million from investments in January, a 4.1 percent return that finished ahead of the fund benchmark that returned 3.6 percent, General Treasurer Seth Magaziner’s office announced. The positive performance was driven by the state’s investments in the global stock market, mostly low-fee index funds designed to provide…

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