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Church of England pension board puts faith in hedge funds

Reuters – The Church of England’s pension fund has given its blessing to some of the world’s biggest hedge fund managers, putting its faith in an industry much maligned for poor returns in recent years, its annual report showed.

The 1.1 billion pound ($1.7 billion) Church of England (CoE) Pensions Board has backed Winton Capital, Bridgewater Associates and BlackRock Advisors to help boost the retirement income for over 32,000 of its clergy and lay workers.

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