WASHINGTON, D.C. (November 21, 2022)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its Fiscal Year 2022 (FY22) fourth quarter meeting on October 27 (EDT) and 28 (Majuro) via videoconference where the Trust Fund Committee Members reviewed the Fund’s investment performance, approved the Fiscal Year 2023 investment and administrative budget, and conducted other Fund business. The Trust fund Committee Members also reviewed their fiduciary responsibilities with the Trust Fund’s legal counsel. For September, the last completed month of the performance review, the Fund decreased by 7.4%, net of fees, (benchmark -8.2%) resulting...