Voice of Dissent: Not Everything Was Bad in Vatican’s Investments
For 27 years, Crasso, who is based in Lugano, Switzerland, managed about EUR300 millions - mainly stemming from the Peter’s Pence - for the Vatican.
According to him, the average return between 2014 and 2019 was of 3-4% per year - which is not bad.
Crasso is the manager of the Maltese fund Centurion where the Vatican invested EUR50 Mio, partly in a film about Elton John which earned 13,5% until this year. However, after media reports, Francis decided to liquidate the fund.
The fund manager also says that he invested EUR30 Million for seven years for 8%. Since 2012 he met now-Cardinal Becciu about five or six times.
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