RI Pension Fund Earns $117M from Investments in January 2017

February 22, 2017:  Rhode Island’s pension fund earned $117 million in investment gains in January 2017, General Treasurer Seth Magaziner announced at today’s meeting of the State Investment Commission.

Returning 1.6% in the month of January, the fund’s market value grew to $7.8 billion, the highest in more than a year. The fund has earned more than $875 million from investments over the past 12 months, a return of 12.4%, which beats the plan’s own 11.6% benchmark and a traditional 60% stock/40% bond portfolio which would have returned 11.2%.

You can read the press release here.