Groups question openness of RI hedge fund records

Open-government groups criticize RI Treasurer Raimondo over hedge fund records

Associated Press

PROVIDENCE, R.I. (AP) -- Four government watchdog groups are criticizing Rhode Island Treasurer Gina Raimondo for withholding details about the state's investments in hedge funds.

The state affiliates of the American Civil Liberties Union and Common Cause, as well as the Rhode Island Press Association and the League of Women Voters, wrote to Raimondo's office Wednesday to express concerns about her office's decision not to disclose some information about hedge fund operations.

The letter was in response to a story by The Providence Journal that looked at the state's $1 billion in hedge fund investments. The treasurer's office gave the newspaper heavily redacted copies of reports on the investments.

Raimondo's office says the information isn't covered by the state's open records law because it contains financial information of a confidential nature.

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