WASHINGTON, D.C. (April 27, 2023)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its Fiscal Year 2023 (FY23) second quarter meeting on April 19 in San Francisco. The Trust Fund Committee Members reviewed the Fund’s investment performance from October 1, 2022 to March 30, 2023, reviewed the fiscal year 2022 annual report and audit, and conducted an education session to review a private equity investment, asset allocation and the money manager selection process. Continuing a period of market volatility, as of March 2023, the last completed month of the performance review, the...

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...

WASHINGTON, D.C. (December 21, 2021)– 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) first quarter meeting on September 16 (EST) and 17 (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the July-September 2021 quarter and a current market update to December, 2021, including the effect of the COVID-19 pandemic on the Fund as well as the global economy and financial markets. For the July-September 2021 quarter, the Fund lost 1.08%, net of fees, below the benchmark loss of 0.71%. The net asset value of...