State pension fund outperforms benchmark in July

Scott Blake

08/28/2018

0525toc-1024x717 — R.I. GENERAL TREASURER Seth Magaziner said the state pension fund is performing beyond its benchmarks, crediting a bullish stock market and his office’s investments strategy. / PBN FILE PHOTO/MICHAEL SALERNO

PROVIDENCE - The state pension fund continued with strong performance in July, earning $125 million last month, R.I. General Treasurer Seth Magaziner reported. The increase represented a 1.51 percent return for the month, finishing ahead of the fun’s benchmark return of 1.31 percent. The increase was driven by investments in the global stock market with…

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