The Church of England has been accused by a think-tank of using short-selling tactics to maximise profit on its £5 billion investments.
Jonathan Bartley, co-director of Ekklesia, said: "The archbishops should be extremely careful when attacking city 'bank robbers' for short-selling and speculation. The Church has benefited significantly from the speculation that has underpinned rising oil and commodity prices such as gold and copper.
"By its own admission it has also hedged against a fall in the value of sterling, and set up a currency hedging programme in 2006, effectively short-selling sterling in the currency markets."...
Kevin Swanson | 5/12/2013
Dr. Alan Cairns | 3/9/2009
