The Truth-o-Meter says: Mostly False | Allan Fung says Gina Raimondo paid ‘millionaire hedge fund managers’ $70 million in taxpayer money
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In the race for Rhode Island governor, Republican Allan Fung is airing a TV commercial that questions the allegiance of his Democratic rival Gina Raimondo. "Who does she serve?" the commercial asks. Wall Street, if you believe what it goes on to say. The commercial cites contributions Raimondo received from donors in the financial services industry and also says she used state pension money to invest heavily -- and the commercial suggests, unwisely -- in hedge funds. "She paid 70 million in taxpayer dollars to millionaire hedge fund managers," the commercial states. There has been a lot of ...
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