Britain’s Biggest Charity Builds War Chest as Markets Look Overvalued
Britain’s biggest charity has built a cash pile of more than £3.7 billion as it positions itself to exploit potential market crashes and snap up undervalued assets. The Wellcome Trust, which manages a £39.9 billion endowment and is one of the UK’s largest funders of medical research, said it was deliberately holding elevated levels of […]
Britain’s Biggest Charity Builds War Chest as Markets Look Overvalued Read More »