Bob Plain is the editor/publisher of Rhode Island's Future. Previously, he's worked as a reporter for several different news organizations both in Rhode Island and across the country.

One response to “Tax on hedge fund, private equity income would mean $39 million to RI”

  1. joann fonseca

    This was in Nesi’s notes:
    http://wpri.com/2017/03/18/nesis-notes-march-18/

    Look who is benefiting according to what this article says:
    In Rhode Island, the “lion’s share” of this income is earned by Jonathan Nelson and Glenn Creamer of Providence Equity Partners
    AND FOLKS,
    Jonathan Nelson and Equity Partners happens to be in ERSRI: the state pension
    $15,000,000 commitment to Providence Equity Partners III in 1999
    $25,000,000 commitment to Providence Equity Partners IV in 2000
    $25,000,000 commitment to Providence Equity Partners V in 2005
    $25,000,000 commitment to Providence Equity Partners VI in 2007
    $25,000,000 commitment to Providence Equity Partners VII in 2012
    Source:http://investments.treasury.ri.gov/investment-managers-and-consultants/

    ***So ironic & disgusting that ERSRI retirees/pensioners are not benefiting but Nelson, the richest guy in RI is benefiting handsomely. This investment is part of ERSRI policy allocation of 7% to private equity. No way is he going to respond to any interview!
    And by the way Och Ziff & Luxor- both extremely poor losing investments are still listed!
    One of many reasons why raimondo & magaziner (Yalie yahoo incompetents) need to be thrown out next year-one and done!

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