Newsmakers 9/30/2016: RI General Treasurer Seth Magaziner

EAST PROVIDENCE, R.I. (WPRI) – This week on Newsmakers: Rhode Island General Treasurer Seth Magaziner. This week Magaziner announced the state will make major changes to its $7.7-billion pension investment portfolio by dramatically reducing how much money goes into high-fee hedge funds. Magaziner discusses what the new revamped investment strategy will be and why he’s making the changes.