The Massachusetts Pension Reserves Investment Management board, which manages the commonwealth's $62 billion investment portfolio, has received a certificate of achievement for excellence in financial reporting from the Government Finance Officers Association for the 10th straight year.
GFOA, which provides guidance and oversight to financial professionals in governmental agencies nationwide, singled out PRIM's annual report out for praise. GFOA annually reviews member agencies' comprehensive annual financial reports for accuracy, clarity, and openness to consumer engagement.
"We take great pride here at PRIM not just in generating strong investment returns, but also in communicating how we do so in a clear, transparent, accurate and understandable manner," said PRIM chief executive Michael Trotsky.
