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On Wonga, the Church of England and human fallibility

Applying ethical investment criteria to every underlying investment in a £5.5bn endowment fund can't be easy

Justin Welby, Archbishop of Canterbury, can be forgiven for missing the Church's £75,000 investment in the payday lender Wonga, Financial News' colleagues at the Wall Street Journal's MoneyBeat blog write this morning. Private equity investing is pretty complicated, and human beings are fallible.

A MoneyBeat blog with the headline "When God and Mammon Meet" says:

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