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Ensign Peak Advisors (/ ˈ ɛ n s aɪ n / EN-syne) [3] (EP) is the investment manager for assets of the Church of Jesus Christ of Latter-day Saints (LDS Church). [4]In 1997, the investment division of the LDS Church was spun off into a separate legal entity named after Ensign Peak, a hill that overlooks Salt Lake City. [4]
The portfolio is registered with the Securities and Exchange Commission under the name Ensign Peak Advisors, and its ties to the church were largely unknown until just a few years ago.
On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.
Ensign Peak Advisors, Inc. (EP) was founded as the LDS Church's investment division in the 1960s and was still considered to be a "shoestring operation" into the 1990s. By 2020, it managed about $100 billion in assets.
The Salt Lake Tribune reports on the investment strategies behind a highly valued and hotly debated stock portfolio of The Church of Jesus Christ of Latter-day Saints.
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The website has received numerous awards from Editor & Publisher, Religion News Association, SABEW and other organizations. In 2019, Religion Unplugged broke the story of a whistleblower complaint against Ensign Peak Advisors , the investment manager for assets of the Church of Jesus Christ of Latter-day Saints .
Ensign Group (NAS: ENSG) reported earnings on Feb. 13. Here are the numbers you need to know. The 10-second takeaway For the quarter ended Dec. 31 (Q4), Ensign Group whiffed on revenues and missed ...
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