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Raimondo criticized for keeping hedge fund consultant dropped by Massachusetts

Providence Journal – General Treasurer Gina Raimondo is standing by the state’s hedge fund consultant, even if her counterpart in Massachusetts has decided it’s time for a change in direction.

Raimondo, who chairs the State Investment Commission, said through a spokeswoman Wednesday that there are no plans to part with Cliffwater LLC, the California-based firm that began advising Rhode Island officials — and, coincidentally, Massachusetts officials — in 2011.

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