File this story away in the back of your mind. I suspect there is way more to the Mormon church’s $100 billion investment fund than we currently know. Even with a settlement, it’s worth taking note of for future reference.
From the article:
A $100 billion investment fund owned by the Church of Jesus Christ of Latter-day Saints is being investigated by the Securities and Exchange Commission, which believes the church tried to keep the massive portfolio secret, The Wall Street Journal reported late Friday.
Ensign Peak Advisors Inc., an investment management firm in Salt Lake City, is owned by the LDS Church, which is also headquartered there. The company only began disclosing its investments in SEC filings under that company name in February 2020, the newspaper said.
Certain investments, such as U.S.-listed stocks directly managed by the firm, must be disclosed in SEC filings. The Journal said those holdings “amounted to roughly $40 billion” as of Sept. 30.
Read the article here:
SEC investigating $100 billion investment fund owned by Mormon church
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