Hedge Fund News From HedgeCo.Net

RI paid millions to hedge-fund managers

SFGate – Rhode Island paid hedge-fund managers almost $16 million in fees during 2012 to manage the state’s $1 billion hedge-fund portfolio.

The figures were released Wednesday by General Treasurer Gina Raimondo in response to requests from the media for information about the funds, which make up about 26 percent of the state’s pension investments.

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