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R.I. has stake in hedge fund angling for Massachusetts casino license

Providence Journal – The looming threat to Rhode Island’s finances from the advent of casino gambling in Massachusetts brings with it a potentially awkward twist for state officials — the pension funds they oversee may gain from the money and jobs to be lost at Twin River Casino and Newport Grand.

Among the investments the state holds as part of its $7-billion pension fund is a $57.5-million stake in a hedge fund angling for a Massachusetts casino license.

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