February 20, 2021

Rhode Island Pension Fund Earns $146 Million in February 2021

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.
Additional information about the fund, including the 'Back to Basics' investment strategy, performance, and detailed information about its managers are published online as part of Treasurer Magaziner's "Transparent Treasury" initiative at investments.treasury.ri.gov.

Note: All performance is reported on a "net of fees" basis.