The Rhode Island pension fund earned $5.3 million from investments in January, outperforming its investment benchmark for the month.
Under Treasurer Magaziner's leadership, the State adopted the 'Back to Basics' investment strategy, which is designed to provide long-term growth over time and...
Treasurer Magaziner's small business lending program, BankLOCAL, celebrates its 3-year anniversary this week having supported 348 small business loans and moved $37.5 million of cash deposits to Rhode Island banks and credit unions.
"BankLOCAL is another way that we use the resources of the...
On Friday, February 7, 2020, Treasurer Magaziner will host approximately 100 students for his third annual "Job Shadow Day". Students from six Rhode Island high schools will have the opportunity to interact with employees at local financial institutions and the Rhode Island Treasurer's Office to...
Over 1,200 Rhode Islanders, including nearly 200 children, who were victims of violent crimes during 2019 received more than $1 million in total financial assistance from the Crime Victim Compensation Program (CVCP), which is managed by the Office of Rhode Island General Treasurer Seth Magaziner.
PROVIDENCE, R.I. -- The Rhode Island pension fund returned 16.7% in 2019, earning $1.3 billion from investments, allowing it to end the year with an all-time high value of $8.78 billion.
The 16.7% return significantly outperformed the fund's benchmark of which earned 15.0%. The performance...
Rhode Island General Treasurer Seth Magaziner today announced that the State Investment Commission has voted to approve his proposal to pull pension fund investments in companies that manufacture assault-style weapons for civilian use or operate private for-profit prisons.
"Assault weapons and...
Rhode Island General Treasurer Seth Magaziner has filed a shareholder proposal with Navient Corp., one of the nation's largest servicers of student loan debt, asking the company for transparency on whether the negative financial impact of legal or compliance costs are factored into executive...
Following yesterday's announcement by Treasurer Magaziner that his Unclaimed Property division received an additional $23 million in unclaimed property in 2019, thousands of Rhode Islanders visited findrimoney.com and initiated claims for over $1.1 million of their missing money.
"My goal is...
Rhode Island General Treasurer Magaziner announced today that his Unclaimed Property division received an additional $23 million in unclaimed property in 2019, bringing the total amount of unclaimed property being held in safekeeping for Rhode Islanders to over $389 million.
"Every year, our...
Rhode Island General Treasurer Seth Magaziner, as part of the group of investors that led the 2019 shareholder proposal at Facebook seeking an independent board chairman, today released its findings of proxy voting data, which reveals which mutual funds joined the supermajority (68 percent) of...
