Compact Trust Fund reaches $2 billion; Simina meets the trust fund committee.
What happened
Simina and Vice President Palik reviewed the fund’s performance and long-term plans with its investment adviser, Cambridge Associates, and the FSM members of the trust fund committee. The fund, started in 2004, is meant to replace Compact grants as a source of income in the future.
Who’s who
- Wesley W. SiminaTenth President of the FSM, 2023–present; from Chuuk
- Aren PalikVice President of the FSM since 13 September 2022, from Kosrae.
