Treasurer James Diossa

Send us Fan MailIn 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 risksThe Rhode Island Anchor Mortgage Program for first-time homebuyersCybersecurity measures protecting state and pension dataRhode Island’s preparation for the World Cup and its economic impactThe importance of balancing risk and opportunity in public investmentsKey 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 recap00:17 - Overview of Rhode Island’s current financial standing00:31 - Investment strategy and fund growth01:12 - Focus on pension member experience and cybersecurity01:38 - Challenges and opportunities in private credit investments02:25 - Maintaining a steady private credit allocation over the years03:22 - Balancing higher return ambitions with risk tolerance03:45 - Strategies for achieving funded status targets05:13 - The importance of disciplined risk management and fiduciary responsibility05:43 - Rhode Island Anchor Mortgage Program details and community impact06:12 - How the program supports first-time homebuyers08:09 - The critical role of cybersecurity and recent advancements09:14 - State’s cybersecurity efforts and annual assessments10:25 - Rhode Island’s FIFA World Cup bid and event planning11:12 - Economic impact and community engagement during the World Cup12:08 - Key events, watch parties, and international team visits13:34 - Final thoughts on summer events and local economic boostResources & Links:Rhode Island Treasurer’s OfficeRhode Island Anchor Mortgage ProgramMoody’s Credit RatingsFIFA World Cup 2026Connect with James Diossa:LinkedInTwitter Support the showFollow Bill on Instagram and YouTube