News & Events

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...

WASHINGTON, D.C. (September 24th, 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) fourth quarter meeting on September 16th (EST) and 17th (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the April-June 2021 quarter as well as a current market update to September 2021, including the effect of the COVID-19 pandemic on the Fund as well as the global economy and financial markets. For the April-June 2021 quarter, the Fund gained 5.80%, below the benchmark of 5.91%. The net asset value of the Fund...