News & Events

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

WASHINGTON, D.C. (June 10th, 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 2021 (FY21) third quarter meeting on May 27th (EST) and 28th (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the January-March 2021 quarter as well as a current market update, and conducted other business. For the January-March 2021 quarter, the Fund gained 4.37%, above the benchmark of 3.24%. The net asset value of the Fund was $627,862,229, preliminary and unaudited, as of 3/31/21. As of 4/30/21, the last full month of performance reported...

FY21 Second Quarter Meeting to Review Trust Fund Performance and Review FY20 Annual Audit

WASHINGTON, D.C. (April 22nd, 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 2021 (FY21) second quarter meeting on April 6th (EDT) and 7th (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the October-December 2020 quarter as well as a current market update, reviewed the FY20 Annual Audit, and conducted other business. For the October-December 2020 quarter, the Fund gained 13.18%, above the benchmark of 12.13%. The net asset value of the Fund was $601,882,362 as of 12/31/20. The Fund received a scheduled contribution from the...

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...

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