Did you catch the article about Treasurer Raimondo’s investments in hedge funds in this past Sunday’s Providence Journal? The discussion of whether or not RI should be investing in hedge funds for state pension funds should be left for others. What concerns the League is the lack of transparency. The article went into detail on the pros and cons of the investment, but as Mike Stanton points out in his piece, the only person who get to decide if hedge fund investments are a good idea is Treasurer Raimondo. Read what Mike Stanton has to say.
The League and Common Cause RI, RI ACLU, and the RI Press Association all agreed that it’s wrong to not include the public in the discussion of RI’s pension fund investments.
Here’s the letter that the League along with these other groups sent to Treasurer Raimondo. Why not add your voice?
Editor, LWVRI Voter