New Treasurer Censors Hedge Fund Reports

Go Local – New state Treasurer Seth Magaziner has refused to release uncensored reports on more than a dozen hedge funds in which the state pension fund has invested, despite a campaign commitment to greater transparency than his predecessor, Governor Gina Raimondo.

In a letter to GoLocalProv, Magaziner’s office said that information considered confidential or trade secrets had been redacted. In a statement, spokeswoman Shana Autiello said that the office was relying on the Attorney General Peter Kilmartin’s decision in 2013 that the state public records law did not require then-Treasurer Raimondo to release uncensored copies of the reports to the Providence Journal.

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