Trust Fund Committee Conducts Third Quarter Meeting to Review Trust Fund Performance and Conduct Other Business

The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its fiscal year 2020 (FY20) third quarter meeting on June 2nd (EDT) and 3rd (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the January-March 2020 quarter as well as a current market update given the COVID-19 pandemic and the effect on the Fund as well as the global economy and financial markets. For the January-March 2020 quarter, the Fund lost 14.95%, above the benchmark of -16.19%. The net asset value of the Fund was $417,902,045, preliminary and unaudited, as of 3/31/20....

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