Press Release

The Rhode Island pension fund finished well ahead of U.S. and global stock markets in December due to the defensively positioned investments in the fund's portfolio. In a month where U.S. stocks fell more than nine percent, the pension fund posted a -2.88 percent return, outperforming the Russell 3000 US stock market index by 6.4 percent. This outperformance represents more than $500 million of value that was preserved due to the defensive positioning of the pension fund's investment strategy.