Rhode Island
Hedge funds deliver for Rhode Island retirees, students, and nonprofits
Across the Ocean State, hedge funds deliver for retirement security, college education, and the important work done by nonprofits and charities through $8 billion in investments. Institutional investors – like pensions, university endowments, and nonprofits – use hedge funds to meet financial obligations, diversify their investment portfolios, and manage risk.
Total hedge fund investments:
$8 billion
Delivered for pensions:
$4 billion
Delivered for colleges:
$2.4 billion
Delivered for nonprofits:
$1.7 billion
Private credit to business:
$1.7 billion
GDP generated:
$2.7 billion
Jobs created:
35,804
Retirement plans
Deliver for pensions:
$4 billion
At least
11
retirement plans invest in hedge funds including:Employees' Retirement System of Rhode Island
$1.8 billion
57,437 plan participants
Bank of America Pension Fund
$731 million
181,533 plan participants
Textron Pension Fund
$388 million
51,703 plan participants
Colleges & Universities
Deliver for colleges:
$2.4 billion
Brown University Endowment Fund
$1.8 billion
Rhode Island School of Design Endowment
$442 million
Johnson and Wales University Endowment
$69 million
Foundations & Nonprofits
Deliver for nonprofits:
$1.7 billion
At least
1
foundations and nonprofits invest in hedge funds including:University of Rhode Island Foundation
$52 million
Methodology
Private credit and hedge fund investment data is primarily sourced and licensed from Preqin's alternative asset database as of February 2026 or from publicly available federal datasets. Private credit GDP and job estimates are calculated using the IMPLAN 2025 Model Year for the United States. Sources for additional information displayed are noted where the data appears.
