General Treasurer Seth Magaziner
The Rhode Island Pension Fund reached an all-time high at the end of 2020, closing out December at $9.495 billion in assets and gaining more than $302 million in the month alone, General Treasurer Seth Magaziner's office announced this week.
"My number one priority is to support economic opportunity and protect the state's finances, including the Pension Fund," said Magaziner. "Even in a time of extreme market volatility, my Back to Basics investment strategy has protected the Pension Fund for those families whose livelihoods depend upon it and has spurred growth, resulting in the fund closing out the year at an all-time high."