Trust Fund Committee Conducts Fourth Quarter Meeting to Review Trust Fund Performance to August 31st, 2020 and Conduct Other Trust Business

WASHINGTON, D.C. (September 9th, 2020)– 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) fourth quarter meeting on September 1st (EDT) and 2nd (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the April-June 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 April-June 2020 quarter, the Fund gained 14.28%, net of fees, below the benchmark of 15.43%. The net asset value of the Fund...

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....

FY20 Second Quarter Meeting to Review Trust Fund Performance amid COVID-19 Pandemic Financial Fallout, Review FY2019 Annual Audit and Approve FY2019 Annual Report

WASHINGTON, D.C. (March 31st, 2020)– 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) second quarter meeting on March 26th (EDT) and 27th (Majuro) via teleconference. The meeting covered the Fund’s investment performance for the October-December 2019 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 October-December 2019 quarter, the Fund gained 6.94%, above the benchmark of 6.90%. The net asset value of the Fund was $484,872,501 as...

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