WASHINGTON, D.C. (November 17, 2022)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its Fiscal Year 2022 (FY22) fourth quarter meeting on October 26 (EDT) and 27 (Pohnpei) 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 Trust Fund Committee business. The Members also reviewed their fiduciary responsibilities with the Fund’s legal counsel. Continuing a period of market volatility and weak economic performance, for September, the last completed month of the performance review, the Fund decreased by...