Posted by:
summer
(
)
Date: March 12, 2023 04:48PM
There is reporting on two Reddit forums that allege that Ensign Peak Advisors, the Mormon church's investment arm, had a substantial investment in Silcon Valley Bank, at roughly $95 million, making EPA the bank's 38th largest investor. Of course, for Ensign Peak, this would represent only the tiniest fraction of its large portfolio. At this time, I am unable to confirm this report.
However, if true, EPA will be in line with a lot of other investors to recover what it can. And I wonder how the membership will view this huge waste of money.