Rhode Island State House

Representative Lauren Carson (D-Dist. 75, Newport)  will hold a constituent meeting March 27 with State Treasurer Seth Magaziner.

The meeting is scheduled Monday, March 27, at 6:30 p.m. at the Edward King House Senior Center, 35 King St., Newport. All District 75 residents are welcome.

Representative Carson will provide constituents with an update on legislative activities and answer questions.

“I’m pleased that my constituents will have the opportunity to meet with Treasurer Magaziner, right here in the district. During the meeting, the Treasurer will give an update on the pension fund’s investment performance and discuss the new ‘Back to Basics’ fund’s investment strategy. I am grateful to Treasurer Magaziner for joining me in Newport for this event,” said Representative Carson.

“While our pension system has achieved positive performance, and beaten our benchmarks since I took office, we can do better. I always look forward to meeting with folks to talk about what we are doing at Rhode Island Treasury and answer questions. I am so pleased that Representative Carson has invited me back to Newport,” said Treasurer Seth Magaziner.

Among the changes to the pension fund that were recommended by Treasurer Magaziner and adopted by the State Investment Commission last year is a significant reduction in the state’s investments in hedge funds. Under the “Back to Basics” plan, the state is reducing its investment in hedge fund strategies by more than $500 million and reallocating these funds to more traditional asset classes.

The pension fund returned 7.4 percent in 2016, beating its own benchmark and a traditional 60-percent stock and 40-percent bonds portfolio over the past one, three, and five-year annualized time-horizons.

Ryan Belmore is the Publisher of What'sUpNewp. 
Belmore has been involved with What’sUpNewp since shortly after its launch in 2012, proudly leading it to be named Best Local News Blog in Rhode Island by Rhode Island Monthly readers in 2018, 2019, and 2020 and an honorable mention in the Common Good Awards in 2021.

Born and raised in Rhode Island, Belmore graduated from Coventry High School and the Community College of Rhode Island. In addition to living in Newport for 10 years, he has lived in Portsmouth, Coventry, Providence, Smithfield, Burrillville, and East Greenwich.

Belmore currently serves as Vice President of the Board Of Directors for Fort Adams Trust and on the Board of Directors for Potter League For Animals. He previously served on the Board of Lucy's Hearth and the Arts & Cultural Alliance for Newport County.

Belmore and his wife, Jen, currently live in Alexandria, Virginia, a move they made in 2021. Read more about that here - https://whatsupnewp.com/2021/09/letter-from-the-publisher-some-personal-news/

Belmore visits Newport every couple of weeks to support the 12+ paid contributors What'sUpNewp has on the ground across Rhode Island, a place he called home for 39 years.

Belmore is a member of Local Independent Online News (LION) Publishers, Society of Professional Journalists, and the North American Snowsports Journalists Association.

In 2020, Belmore was named Member of the Year by LION and won the Arts & Cultural Alliance of Newport County's Dominque Award.
Belmore can be contacted at ryan@whatsupnewp.com and 401-662-1653.