Fung and Taveras released statements Thursday criticizing Raimondo, a Democrat, for withholding reports that preceded the state's investments with
"Apparently, the treasurer is more concerned about hedge funds being able to keep their talent than taxpayers knowing how their money is being spent," Taveras' spokeswoman
Fung said he is calling on Raimondo to "do the right thing" and make the information requested available, despite the attorney general's decision.
"There is a dramatic difference between what is required legally and what is necessary to do the right thing," Fung said. "Current and retired state employees depend on the strength of the pension fund for their retirement security, and all Rhode Islanders face the risk of higher taxpayer contributions if these investments come up short. We all face tremendous risk and we deserve to know the basis for these investments."
Raimondo's campaign fired back but concentrated its retorts squarely on the treasurer's Democratic primary opponent.
"Gina's focus as treasurer has been to make sure that people's pension checks are there when they need them instead of treating those hard-earned pensions like a political football," Kayner said.
Kayner went on to add that
Taveras also quoted part of a Journal story in his statement Thursday, saying that without access to information about the performance and fees of hedge funds, the public can't evaluate the investments.
In response, Raimondo's campaign noted part of the attorney general's decision that states, "While we agree that
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