Famed Buddhist sect loses big on Aussie dollar, bond bets

Apr 25, 2013

Famed Buddhist sect loses big on Aussie dollar, bond bets

Koyasan Shingon Buddhism, the owner of a cluster of World Heritage Site temples founded in the ninth century, reported losses equal to about a quarter of its assets after bets on the Australian dollar and structured bonds soured. The group had unregistered losses of ...