PROVIDENCE — The Rhode Island pension system included $345 million in the very first month of financial 2023 with a 3.47% return rate, according to the Rhode Island of the General Treasurer.
The July numbers continue the state pension fund’s strong efficiency, which exceeded 98% of other public pension funds in financial 2022, according to InvMetrics Public DB Database. The state pension likewise continues to surpass the criteria based upon its 60-40 stock-bond portfolio, according to the treasurer’s workplace.
Treasurer Seth Magaziner in a declaration credited the state’s strong efficiency to his “Back to Fundamentals” financial investment technique, that includes a crisis security class to protect versus volatility.
Nancy Lavin is a PBN personnel author. You might reach her at Lavin@PBN.com
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