atans1

Lesson for Kong Hee and friends

In Financial competency, Uncategorized on 19/05/2016 at 1:28 pm

Eat yr hearts out Kong Hee, Sun Ho and CHC members for nor seeling the Kingdom of Heaven but lucre.

God loves the Church of England, not you people who believe in the gospel of prosperity. He helps them make serious money while Kong Hee still has to finance his Sentisa Cove penthouse that is less worth than its purchase price.

The church commissioners, who manage the C of E’s £7bn investment fund, said they enjoyed market-beating returns of 8.2% last year but warned they would struggle to keep up that pace in future. Over the past 30 years the fund’s average annual return has been 9.7%.

The commissioners’ private equity managers returned 20.2% during 2015 and the value of the church’s £2bn property portfolio was up by more than 14%. The commissioners continued to invest in forestry with two new holdings in Australia, bringing the total to nearly 120,000 acres, they said. The timberland and forestry portfolio delivered a return of 13% last year.

https://www.theguardian.com/business/2016/may/16/church-of-england-sells-investments-fearing-market-slowdown.

There’s another report that CoE is a big buyer of Google’s parent.

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