12-Month Investment Gain Tops $1 Billion as RI Pension Fund Earns $128M in February

March 22, 2017: Rhode Island’s pension fund earned $128 million in investment gains in February 2017 bringing its 12-month investment earnings over the $1 billion mark, General Treasurer Seth Magaziner announced at today’s meeting of the State Investment Commission.

Returning 1.7% in the month of February, the fund’s market value grew to $7.9 billion. Over the past 12 months, the fund has earned a 14.4% return, outperforming the plan’s own 13.9% benchmark, as well as a traditional 60% stock/40% bond portfolio which would have returned 13.5%.

You can read the press release here.