The Wall Street Journal on Saturday published a story on Ensign Peak Advisors, the investment arm of The Church of Jesus Christ of Latter-day Saints.
Under the headline “The Mormon Church Amassed $100 Billion. It Was the Best-Kept Secret in the Investment World,” the Journal explored the remarkable growth of the investment fund.
The church did not detail its financial holdings nor confirm amounts first published by the Washington Post in December, after a former employee leveled tax fraud allegations at the church, allegations strongly denied by the church. Church representatives spoke of the principles of preparation and self-reliance that they encourage in their members and which are practiced by the organization.
Roger Clarke, the head of Ensign Peak Advisors, and members of the church’s Presiding Bishopric sat for interviews with the Journal for the story.
Read the Wall Street Journal story. (Subscription required)