This report raise many serious questions about former Wall Street venture capital manager and present RI General Treasurer Gina Raimondo's judgement and ethical character. In order to position herself as a front runner in the next gubernatorial race, Raimondo has invested approximately 20% of RI's 7.2 billion dollar pension fund into high risk hedge funds as part of her pension reform subterfuge. Hedge Funds have little government oversight, limited liability, exorbitant fees, and no transparency. In Raimondo world, R.I. workers should have faith that those in charge know best and that we will not fall victim again to Wall Street predators and sociopaths.
Raimondo's Investment of RI Pension Funds in Hedgefunds
No comments:
Post a Comment