Trust Fund Committee Reviews Investment Performance for October 2024 – February 2025, Reviews Audit and Annual Report, and Selects New Investment Adviser
WASHINGTON, D.C. (April 10, 2025)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its Fiscal Year 2025 (FY 2025) second quarter meeting on March 27. The Committee reviewed the Fund’s investment performance from October 1, 2024 to February 28, 2025. The Committee also reviewed the fiscal year 2024 Annual Report and Audit Report. As a result of a request for proposals process, the Committee selected a new Investment Adviser – Cambridge Associates LLC. For the October-December quarter, the Fund had a net asset value of $1,707,873,201 as of December 31. The Fund had...