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Top stories from this morning’s papers

Top stories from this morning’s papers

Church of England portfolio delivers 17% return
The Church of England’s investment portfolio returned 17.1% last year, as compared to an 8.2% gain in 2015, the Church Commissioners have announced. The prominent UK institutional investor has generated annualised portfolio returns of 9.6% over the last three decades. (Independent)

Foreign investment banks hire for Asia-Pacific expansion
Some leading international investment banks operating in Asia-Pacific are learnt to be considering increasing their regional headcount, as part of expansion plans designed to boost market share following a downsizing exercise undertaken in the last few years. (FT)

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire