A fund operated by the Mormon Church used a series of shell companies to hide billions of dollars of investments from the public over more than two decades, the US Securities and Exchange Commission said today. Ensign Peak Advisors, a non-profit that manages investments for the Church of Jesus Christ of Latter Day Saints, was required to disclose its ownership of publicly-traded securities because its portfolio exceeded $100 million. Instead, to hide the scale of the Church’s holdings, Ensign Peak created shell companies around the United States and reported them as the real owners of those securities. Advertisement The SEC...