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How Church of England CIO Tom Joy blesses his fund with 10% returns: ‘Many fund managers over-diversify’

The Church of England takes a very long-term view. Meet the £520,000-a-year man behind its £9bn endowment fund

After beating benchmarks, Joy says the Church's endowment can have significant advantages over traditional managers
After beating benchmarks, Joy says the Church's endowment can have significant advantages over traditional managers Photo: Danilo Agutoli

David Wighton is a columnist at Financial News.

When Lloyd Blankfein famously told a journalist he was “doing God’s work”, the Goldman Sachs boss was only joking. When Tom Joy says the same thing, he is serious. He really does do God’s work. Or at least the Church of England’s.

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