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April 25, 2018  

Rhode Island Halves Portfolio

Rhode Island State Investment has nearly completed a long-running reduction in its hedge fund exposure.The pension manager has submitted redemption requests totaling $585 million since October 2016, according to FOIAlts. Some 95% of the withdrawals have been processed, with the other 5% awaiting final audits.The pullback would leave Rhode Island State Investment with a $535 million hedge fund position, down from $1.1 billion. The $8.5 billion...

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