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Posted on: March 25, 2016, 12:12 p.m.
The Rhode Island pension system has fired a hedge fund whose investments lost $15 million over the past two years.The state invested $50 million with Luxor Capital Partners in March, 2014, and by the end of February the value of those assets had declined to $35 million, according to figures from the State Investment Commission.After showing concern about Luxor's performance in January, the State Investment Commission Wednesday voted unanimously to pull the plug on the hedge [...] Full investment news article