WASHINGTON, D.C. (September 12, 2023)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its Fiscal Year 2023 (FY23) fourth quarter meeting on August 23 (EDT) and 24 (Pohnpei) via teleconference. The Trust Fund Committee Members reviewed the Fund’s investment performance from April to July 31, 2023, approved service agreements for annual accounting and audit services, reviewed and approved the fiscal year 2024 (FY24) investment and administrative expense budget, and discussed possible Committee actions for FY24. For the April-June quarter, the Fund was up 2.6%, net of fees, (benchmark 2.8%) with a total net...