Rhode Island Pension Fund Earns

The Rhode Island pension fund continued its strong performance in the month of February, earning $146,359,751 and closing the month at an all-time high of nearly $9.6 billion.

"Our Back to Basics investment strategy continues to deliver strong results for the state pension system as we reach another all-time high," said Rhode Island General Treasurer Seth Magaziner. "I remain committed to promoting economic growth and financial stability for all Rhode Islanders."

In February, the pension system returned 1.54%, outperforming a standard 60% stock / 40% bond portfolio, which would have returned 0.81%. Fiscal Year to Date, the pension fund has earned 15.79%, outperforming a benchmark of 60% stocks and 40% bonds, which would have returned 14.93%.
 
The Rhode Island pension fund has consistently outperformed its peers in recent years under Treasurer Magaziner’s Back to Basics strategy; it outperformed 87% of similar public pension funds in the 2020 fiscal year.