29.09.2015 - Qatar Fund Loses $5.9 Billion on Holdings in VW, Glencore
Qatar’s sovereign-wealth fund lost $5.9 billion on paper in 10 days from its stakes in Volkswagen AG and Glencore Plc. Qatar Investment Authority, the biggest holder of VW’s preferred shares and the third-largest owner of its common shares, lost about $4.8 billion from its holdings of the automaker. The wealth fund is also the largest investor in the mining company Glencore, a stake that declined by about $1.1 billion in the same period. The loss calculations assume the fund hasn’t added to or reduced its holdings since the latest disclosures. The ownership data are based on Bloomberg compilations from the latest available regulatory filings. Daniela Fleischmann, a spokeswoman for the fund at Finsbury, declined to comment on the holdings...............................................Full Article: Source
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