{"id":15544,"date":"2009-10-15T20:22:23","date_gmt":"2009-10-15T20:22:23","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/sydney_anglicans_hit_by_160m_loss\/"},"modified":"2009-10-15T20:22:23","modified_gmt":"2009-10-15T20:22:23","slug":"sydney_anglicans_hit_by_160m_loss","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=15544","title":{"rendered":"Sydney Anglicans hit by $160m loss"},"content":{"rendered":"<p>The investment arm of the Anglican Church&#8217;s Sydney diocese posted a $160 million loss for the year ending December 2008 after its highly geared share portfolio crashed amid the global downturn.<\/p>\n<p>The scale of the loss was accentuated by the fact its investment body, the Glebe Administration Board, chose to put most of its money with one fund manager.<\/p>\n<p>The chief executive of the board, Steve McKerihan, said board members chose to invest more than three-quarters of its $388 million of &#8221;growth assets&#8221; with index funds held by Barclays Global Investors.<\/p>\n<p><a href=\"http:\/\/www.smh.com.au\/business\/anglicans-hit-by-160m-loss-20091015-gz63.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment arm of the Anglican Church&#8217;s Sydney diocese posted a $160 million loss for the year ending December 2008 after its highly geared share portfolio crashed amid the global downturn. The scale of the loss was accentuated by the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=15544\">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":[36,40,395,74,149,599,596],"tags":[],"class_list":["post-15544","post","type-post","status-publish","format-standard","hentry","category-anglican-episcopal","category-economics-politics","category-anglican-church-of-australia","category-anglican-provinces","category-economy","category-stock-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/15544","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=15544"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/15544\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}