Investments & Finance

Under Treasurer Magaziner's leadership, Rhode Island Treasury introduced a new investment information center at http://investments.treasury.ri.gov, as well a new Investor Relations Portal that offers unprecedented access to state treasury information. Rhode Island was also the first state in the country to require that new investments be placed only with fund managers that publicly disclose performance, fees, expenses and liquidity.

Rhode Island Treasury's Investments & Finance Division of provides investment and cash management services to the State government and certain State agencies and manages the State's general obligation debt liabilities.

The investment function is divided between the Cash Management and Pension Investment Operation units. Short-term operating cash is managed by the in-house Cash Management Unit, while long-term investments are managed by outside professional money management firms. The Debt Management Unit is responsible for the sale and administration of the State's general obligation debt.

Rhode Island’s investments, including approximately $8 billion of state pension assets, are managed by Treasurer Magaziner under the direction of the State Investment Commission (SIC).