{"id":11498,"date":"2009-02-28T20:45:20","date_gmt":"2009-02-28T20:45:20","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/church_of_england_fund_loses_17_billion_on_markets\/"},"modified":"2009-02-28T20:45:20","modified_gmt":"2009-02-28T20:45:20","slug":"church_of_england_fund_loses_17_billion_on_markets","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11498","title":{"rendered":"Church of England Fund Loses $1.7 Billion on Markets"},"content":{"rendered":"<p>The Church of England\u2019s investment fund, which pays the pensions of retired clergy, lost about 1.2 billion pounds ($1.7 billion) last year as stock markets tumbled and property values slumped amid the global financial crisis.<\/p>\n<p>The 305-year-old fund, one of the best performing funds of its type over the past decade, lost an estimated 22 percent last year, the Church Commissioners said in an e-mailed statement today. The benchmark FTSE 100 Index lost almost 30 percent, the statement said.<\/p>\n<p>\u201cThe impact of the overall financial situation would be much greater had we not taken a range of steps before the full extent of the financial crisis was felt by the markets,\u201d\u009d Andrew Brown, secretary of the Church Commissioners, said in the statement.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601102&#038;sid=ainSAv3VIWV0&#038;refer=uk\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Church of England\u2019s investment fund, which pays the pensions of retired clergy, lost about 1.2 billion pounds ($1.7 billion) last year as stock markets tumbled and property values slumped amid the global financial crisis. The 305-year-old fund, one of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11498\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,40,74,389,149,599],"tags":[],"class_list":["post-11498","post","type-post","status-publish","format-standard","hentry","category-anglican-episcopal","category-economics-politics","category-anglican-provinces","category-church-of-england-coe","category-economy","category-stock-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11498"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11498\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}