Treasurer James Diossa

Send us Fan Mail In this episode, Rhode Island General Treasurer James Diossa shares insights into the state’s investment approach, innovative housing programs, cybersecurity priorities, and the excitement surrounding the upcoming FIFA World Cup events. This conversation offers a detailed look at how state leadership balances risk, supports communities, and leverages global events for local economic growth. Main topics: The state’s investment strategy and private credit risks The Rhode Island Anchor Mortgage Program for first-time homebuyers Cybersecurity measures protecting state and pension data Rhode Island’s preparation for the World Cup and its economic impact The importance of balancing risk and opportunity in public investments Key insights: Rhode Island’s pension fund has grown from $10 billion to over $13 billion, with an emphasis on maintaining stability and disciplined risk management. Private credit exposure has remained steady at 3% for a decade, reflecting cautious risk tolerance aligned with the fund’s long-term goals. The Rhode Island Anchor Mortgage Program has helped hundreds of first-time buyers with affordable, fixed-rate mortgages, revitalizing communities. Cybersecurity is a top priority, with dedicated staff and annual assessments, especially as financial systems become more vulnerable to emerging threats and AI-based vulnerabilities. The World Cup is expected to boost local tourism and business activity, with multiple events across Rhode Island planned to celebrate the global tournament. Timestamps: 00:00 - Welcome back and last appearance recap 00:17 - Overview of Rhode Island’s current financial standing 00:31 - Investment strategy and fund growth 01:12 - Focus on pension member experience and cybersecurity 01:38 - Challenges and opportunities in private credit investments 02:25 - Maintaining a steady private credit allocation over the years 03:22 - Balancing higher return ambitions with risk tolerance 03:45 - Strategies for achieving funded status targets 05:13 - The importance of disciplined risk management and fiduciary responsibility 05:43 - Rhode Island Anchor Mortgage Program details and community impact 06:12 - How the program supports first-time homebuyers 08:09 - The critical role of cybersecurity and recent advancements 09:14 - State’s cybersecurity efforts and annual assessments 10:25 - Rhode Island’s FIFA World Cup bid and event planning 11:12 - Economic impact and community engagement during the World Cup 12:08 - Key events, watch parties, and international team visits 13:34 - Final thoughts on summer events and local economic boost Resources & Links: Rhode Island Treasurer’s Office Rhode Island Anchor Mortgage Program Moody’s Credit Ratings FIFA World Cup 2026 Connect with James Diossa: LinkedIn Twitter Support the show Follow Bill on Instagram and YouTube