2012-02-05 — scotsman.com
THE Church of England has more than doubled the amount of cash its multi-billion pound endowment has invested in hedge funds, it emerged yesterday.
Despite the public anger over corporate excess, the Anglican church's £5.5 billion portfolio, managed by its commissioners, is now one of the largest UK investors in an industry that has been roundly criticised for its enormous pay packages.
Today around 10 per cent of the church's capital is invested with hedge funds compared with just four per cent at the end of 2009.
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